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Crank
1 year ago
7

The balance in the j. higgins, withdrawals account was $4,700. the entry to close the account would include a?

Business
1 answer:
Solnce55 [7]1 year ago
8 0

The balance in the j. Higgins, withdrawal account was $4,700. the entry to close the account would include a debit to J. Higgins, Capital, $3,200.

A direct debit is a record of the amount deducted from your bank account, such as when you write a check. The total debits must balance the total credits. Synonyms: Payment, Liability, Payment, Obligation Other synonyms for direct debit.

In accounting, a credit is an entry that records a decrease in an asset or an increase in a liability, and a decrease in expenses or an increase in income (as opposed to a debit that does the opposite). Thus, credits increase net income on the company's income statement, while debits decrease net income.

A direct debit is a payment made or debited or an indication of the amount debited. Attempting to track a mysterious $2 withdrawal from a bank account is unlikely to succeed, but it should be done anyway.

Learn more about debit here: brainly.com/question/24914390

#SPJ4

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You are studying in your dorm room, but your neighbor is blasting the television in the adjacent room. when you gently request t
DiKsa [7]

I guess the correct answer is absolute threshold

You are studying in your dorm room, but your neighbor is blasting the television in the  adjacent room. When you gently request that your neighbor turn the volume down until you  cannot hear it, you are asking your neighbor to make the volume less than your absolute threshold.

6 0
3 years ago
Do It! Review 1-3 Classify the following items as issuance of stock, dividends, revenues, or expenses. Then indicate whether eac
Sphinxa [80]

Answer:

1. Dividends = Dividends, it decreases stockholder's equity.

2. Rent Revenue = Revenue, it increases stockholder's equity

3. Advertising Expense = Expense, it decreases stockholder's equity

4. Stockholder's pay cash into business = Issuance of stock, increases stockholder's equity.

Explanation:

Notes to above:

1. Dividends are paid from current year income or from retained earnings, as both current year earnings and retained earnings are clubbed into equity thus, with payment of dividend, equity is decreased.

2. Rent revenue is a part of income and income is part of equity as with increase in income there is increase in equity also.

3. Advertising expense will decrease the income and with decrease in income there will be decrease in equity.

4. Stockholder's pay cash into business as for issuance of stock and with issue of stock equity will increase.

7 0
3 years ago
Tyree's basketball coach makes his players practice free throws after a difficult practice and under the threat of having the wh
Zinaida [17]
<span>Tyree's coach is likely trying to instill teammate dependability in his players by making them run laps if their teammates do not get at least 75% of their free throwns in.</span>
3 0
3 years ago
Her neighbor could not afford to repair the roof on her house, so tijuana secretly hired and paid for a contractor to repair the
ANTONII [103]

Tijuana's actions are an example of <u> "altruism".</u>


Altruism is carrying on of worry for another's prosperity. Regularly, individuals carry on charitably when they see others in edgy conditions and feel sympathy and a craving to help. Selflessness doesn't generally easily fall into place, since by definition, it expects individuals to slight their very own worries to help other people with no desire for remuneration, however "reciprocal altruism" is a term utilized by evolutionary scholars and analysts to describe the choice to help with a desire that one will get some advantage or result to oneself. Agreeable conduct enabled our predecessors to make due under brutal conditions, despite everything it fills an important need to an exceedingly mind boggling society.

3 0
3 years ago
In the long run, a monopolistically competitive firm will earn: (A) normal profits because economic profits will attract new fir
enot [183]

Answer: Option (A) is correct.

Explanation:

Correct Option: Normal profits because economic profits will attract new firms and there are no entry restrictions.

In a monopolistically competitive market, firms will earn an economic profit in the short run, so new firms attracted with these profits and decided to enter into the market in the long run.

There is no barriers on entry and exit of the firms in the monopolistically competitive market. When new firms enters into the market, as a result supply of differentiated products increases.

This causes the firm's market demand curve to shift leftwards. It will continue shifting to the left in the firm market demand curve till the point where it is nearly tangent to the average total cost curve.

At this point, firms earns zero normal profit and can earn normal profits in the long run same as a perfectly competitive firm.

3 0
3 years ago
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