What is one main objective in the study of economics?

On March 10, 2015, Dearden, Inc., purchased 15,000 shares of Jaffa stock for $ 35 per share. Management recorded it in the avail

sergey [27]

The journal entries that are required by the facts presented in the given case are:

1) On March 10,2015: Investment A/c Debited with $525000 and Bank A/c Credited with $525000,

2) On September 12,2018:Bank A/c Debited with $450000 and Investment A/c credited with $450000,

3) On March 31,2019:P&L A/c Debited with $75000 and Investment A/c credited with $75000.

Given that on March 10, 2015, Dearden, Inc. purchased 15,000 shares of Jaffa stock for $ 35 per share and Dearden sold all of the Jaffa stock on September 12,2018 , at a price of $ 30 per share.

We are required to pass the journal entries for the given transactions.

Journal is a book in which the transactions are recording for the first time in the company's books of accounts.

The journal entries are as under:

1) On March 10,2015: Investment A/c Debited with $525000 and Bank A/c Credited with $525000,

2) On September 12,2018:Bank A/c Debited with $450000 and Investment A/c credited with $450000,

3) On March 31,2019:P&L A/c Debited with $75000 and Investment A/c credited with $75000.

Hence the journal entries in the books of accounts in Dearden Inc. are: 1) On March 10,2015: Investment A/c Debited with $525000 and Bank A/c Credited with $525000,

2) On September 12,2018:Bank A/c Debited with $450000 and Investment A/c credited with $450000,

3) On March 31,2019:P&L A/c Debited with $75000 and Investment A/c credited with $75000.

Learn more about journal at brainly.com/question/14279491

#SPJ4

3 0

1 year ago

The ________ budget is a component in a financial budget. A. budgeted income statement B. direct labor C. manufacturing overhea

serg [7]

Answer:

D. capital expenditure

4 0

3 years ago

Which of the following is not a reason why firms experience economies of scale?

kumpel [21]

Answer:

The correct answer is letter "D": As output increases, the managers can begin to have difficulty coordinating the operations of their firms.

Explanation:

Economies of scale mean that production becomes more efficient as the number of goods being produced increases. In most cases, companies that achieve economies of scale lower the average cost of their products by increasing production. In economies of scale, the cost of each product can depend on the size of the industry or the size of an individual company. The larger the number of products being manufactured does not necessarily imply the most difficult the companies' operations become.

6 0

3 years ago

____ "scrambles" or encodes data so that even if unauthorized users somehow gain access to your files, they will not be able to

Ipatiy [6.2K]

The answer is "Data Encryption <span>"scrambles" or encodes data so that.........".
</span>
Data encryption makes an interpretation of information into another shape, or code, so just individuals with access to a secret key (this key is known as decryption key) or password can read it. Scrambled information is regularly alluded to as ciphertext, while decoded information is called plaintext.

3 0

3 years ago

Would an advertising agency use job order or process costing? What about a cell phone manufacturer?

Leokris [45]

Answer:

D) Advertising agency long dash job order costing; Cell phone manufacturer long dash process costing

Explanation:

The job order costing system is used when the service or product offered are significantly different from others. In the case of an advertising agency, no service is the same since no client will require the same advertising campaign.

The process order costing system is used when the service or product offered are similar to others. In the case of a cell phone manufacturer, they might offer a few different models but in essence the products are very similar.

6 0

3 years ago