The company employs a single employee who works all five weekdays and is paid for the workweek on the following Monday. The empl
1 answer:
The necessary journal entry is 4000$.
The journal entry is a document of a commercial enterprise transaction for your commercial enterprise books. In double-access bookkeeping, you make a minimum magazine entry for every transaction. because a transaction can create plenty of modifications in an enterprise, a bookkeeper tracks them all with magazine entries.
An instance of a journal entry includes the acquisition of machinery by u.s . where the machinery account may be debited, and the cash account may be credited. There are three primary forms of a journal entry: compound, adjusting, and reversing.
Journal entry layout is the usual format used in bookkeeping to keep a file of all of the agency's commercial enterprise transactions and is especially based totally on the double-entry bookkeeping device of accounting and ensures that the debit aspect and credit score facet are always equal.
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Answer:
Option B ($5,500) is the appropriate choice.
Explanation:
The given expression is:
⇒
At the zero (0) level of income, the consumption would be the Autonomous consumption.
then,
Y = 0
On substituting the value of "Y" in the given expression, we get
⇒
⇒
⇒ (%)