A is the correct answer!!
Answer and Explanation:
The computation is shown below:
1 Total in Common Stock account is
= 20000 shares × $ 7 par
= $140,000
2 Ending balance in retained Earnings is
= Net income - dividends
= $100,000 - $50,000
= $50,000
3 Additional Paid in Capitalis
= (20000 shares × $1) + (300 preferred shares × $10)
= $23,000
4 Total Preferred Stock account is
= 300 shares × $ 5
= $1,500
5 Total Stockholder's Equity is
= $140,000 + $50,000 + $23,000 + $1,500
= $214,500
The U.S. government funds the federal budget deficit by selling securities such as Treasury bonds and Treasury bills.
<h3>What is budget deficit?</h3>
Budget deficit is when the government expenditure is more that its revenue. Here, the expenses incurred are more that what comes in as income to the government.
Hence, the U.S. government funds the federal budget deficit by selling securities such as Treasury bonds and Treasury bills.
Learn more about budget deficit here: brainly.com/question/26010226
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Answer:
Purchase order for advertisements soliciting bids for the Elm Street Project was issued March 1, 2020 = $235
Received bill for advertising = $230
Therefore, the Journal entry is as follows:
Advertising expense A/c Dr. $230
To cash A/c $230
(To record the encumbrance, billing, and the Vouchers Payable liability)
Answer:
I’d ask him what are the stocks he is interested in selling/investing in. And where he would get all these stocks due to the fact that day traders sell everyday. Causing me to question if he’s buying stocks in surplus then selling them for a higher price or perhaps he has stocks of his own he can make a surplus of.
Explanation: Day traders execute many trades throughout the day to capitalize on intraday market price action. Their goal is to profit off of short term price movements.
