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kozerog [31]
1 year ago
12

Mary parker co. invested $15,000 in abc corporation and received common stock in exchange. mary parker co.'s journal entry to re

cord this transaction would include a:__________
Business
1 answer:
topjm [15]1 year ago
6 0

Mary parker co. invested $15,000 in abc corporation and received common stock in exchange. mary parker co.'s journal entry to record this transaction would include a: Debit to investments.

What is a Journal Entry?

A journal entry is employed to record a business transaction in the accounting records of a business. A journal entry is typically recorded in the general ledger; alternatively, it's going to be recorded in a subsidiary ledger that is then summarized and rolled forward into the general ledger.

What is importance of journal?

Writing, like anything, improves with practice. once you journal every day, you're practicing the art of writing. And if you employ a journal to express your thoughts and ideas, it'll help improve your overall communication skills.

Learn more about journal entry:

brainly.com/question/14279491

#SPJ4

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4 0
3 years ago
Suppose the country of Stan has fixed its exchange rate to the dollar. The official exchange rate is 0.50 U.S. dollars per rupee
In-s [12.5K]

Answer and Explanation:

1. At 0fficial exchange rate:

100 * 0.5 = $50

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at market exchange rate:

0.25 x 100 = $25

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2. at equilibrium exchange rate:

100 x 0.25% = $25

the price is $25

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4. Stan's currency is obviously overvalued. the people from this country now has increased purchasing power so they can purchase goods in dollars, therefore they would be supplying their currency.

5. They will have to buy up the surplus of rupees so that they can easily keep up with maintaining the rupee at half a dollar.

8 0
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