The journal entry to record the purchase the shares is that investment account will be debited with $200000 and bank account credited with $200000.
Given that on March 1, 2016, Rain Technology purchased 20,000 shares of Lightyear Services Company for $ 10 per share.
We are required to pass a journal entry for the recording of the purchase of the shares.
Journal is the book in which the transaction is recorded first time in the company. It helps in the formation of ledger as well as other books also.
The journal entry will be as under:
1) Investment A/c Dr. $200000
To Bank A/c $200000
(Purchase of shares by Rain Technology)
Hence the journal entry to record the purchase the shares is that investment account will be debited with $200000 and bank account credited with $200000.
Learn more about Journal at brainly.com/question/14279491
#SPJ4
Answer:
(C) The real cost is decreasing.
Explanation:
1 + real rate = (1 + nominal rate)/(1+ inflation)
So, with existence of inflation, real rate cost will be decreasing after each period. After each period, it will be found out by dividing with inflation rate in the way shown above and added multiplicatively.
Answer:
underway is the answer I'm thinking
That is false
The court would never do that , but before you would eat , you need to check if this belong to you or not
currency? or money. It seems quite vague. Each country calls its currency in various ways.