Answer:
Following would be the journal entry for purchase of office supplies;
Office Supplies A/C Dr. $2500
To Cash A/C $800
To Accounts Payables A/C $1700
(Being office supplies purchased partly for cash, partly on credit, being recorded)
Purchases is a nominal account so the rule which applies is, debit all expenses and credit all incomes and gains.
Cash is also a real account so the principle which applies is, debit what comes in and credit what goes out.
Accounts Payable is also a real account so the same principle applies, as for cash.
Answer:
A Paystub.
Explanation:
Paystub or payslip is the document that shows the amount that an employee earned in a particular month and the deductions made. Therefore, a paystub indicates the total earning or gross pay, the total deductions, and the net pay.
The paystub shows each earning and deduction on its line. In other words, the paystub show itemized details of all earnings and deductions.
The maximum deduction that Fariq can deduct is $1,019,000
<u>Solution</u>
In the year 2020, the Sec 179 deduction expense is given as 1040000 dollars. This the deduction expense given that the qualifying personal property has a worth that is greater than 2590000 dollars.
Then the phase out would be the difference between the amount of investment and property cost
Phase out = 2611000 - 2590000
= 21000 dollars
Maximum Sec. 179 deduction = $1,040,000 - 21000
= $1,019,000
The maximum deduction that Fariq can deduct is therefore $1,019,000
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Answer:
d. no individual buyer or seller has any significant impact on the market price.
Explanation:
A competitive market is a market in which there are many buyers and many sellers so that each has a negligible impact on the market price.
Answer:
The answer is B. The rate is an indicator of nutrition and health care.
Explanation:
Infant mortality rate means how many children die at birth and/or before reaching the age of 05. This is an indicator of the health sector and it's development in a country.
Mainly, this is because a significant and technologically advanced health sector with a substantial capital investment is required to cater to the health needs of new borns, children and their mothers special health requirements.