Explanation:
The journal entry is as follows
Notes receivable A/c Dr $11,100
To Sales A/c $11,100
(Being the sales is recorded)
Since the merchandise transaction is done through note receivable so we debited the note receivable account and the transaction is of sale type so the sales account is credited. Both the transactions are recorded at $11,100
Answer:
b. The expected rate of return on U.S. assets rises
Explanation:
- An open economy is one that interacts freely with the other economies of the world, the one economy of the united states is very large and includes the imports and exports of huge quantity including the goods and services.
- In an open economy, macroeconomic model assets are bought and supplied to the economy a this creating an outflow of the capital as more of the buying of the assets creates a net capital outflow leading to an increase of the expected rate of return of assets. As the country can spend more than it produces.
Answer:
Debtor: Joanna and her husband; Creditor: Resturant
Explanation:
Hope this helps
Find common denominators. What you do to the denominator, you do to the numerator.
(2/5)(7/7) = 14/35
(3/7)(5/5) = 15/35
14/35 - 15/35 = -1/35
If you meant to put addition, then your answer will be D) 29/35.
14/35 + 15/35 = 29/35
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