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ddd [48]
3 years ago
13

On July 5, Harris Company purchased supplies from the hardware store for $600 on account. On July 10, Harris receives a bill fro

m the hardware store as a reminder about the account balance. On July 17, Harris pays the account in full. How does Harris record the transaction on July 17?
Business
1 answer:
vekshin13 years ago
3 0

Answer:

Debit Accounts Payable 600, Credit Cash 600

Explanation:

as goods are purchased on credit initially it will be recorded on parable.

And when it will be paid the general entry will be:-

Account payable debit =600

cash credit = 600

Harris record the transaction on July 17

Debit Accounts Payable 600,

Credit Cash 600

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Providing incentives for enterprise social network adoption and use is under the ________ best practice.
V125BC [204]

Providing incentives for enterprise social network adoption and use is under the strategy best practice.

<h3>What is enterprise social network?</h3>

Enterprise social networking refers to an organization's use of social media (internally and externally), to connect individuals who share similar business ideas.

Examples of enterprise social network include:

  • IBM's Connections
  • Cisco's Webex Social

Hence, providing incentives for enterprise social network adoption and use is under the strategy best practice.

Learn more about enterprise social network here brainly.com/question/20115584

6 0
2 years ago
You are considering investing $2,600 in a complete portfolio. The complete portfolio is composed of Treasury bills that pay 4% a
lorasvet [3.4K]

Answer:

40% , 24% and 16%

Explanation:

Total Amount invested = $2600

Portfolio is composed of :

Treasury bills paying 4%,  Risky portfolio P,  Two risky securities ( X and Y )

Optimal weights

X = 60% , Y = 40%

Expected rate of return

X = 16% ,  Y = 11%

<u>To form a complete portfolio with an expected rate of return of 8% </u>

Invest approximately 40% in risky portfolio

Invest approximately 24% and 16% of your complete portfolio in security X and Y

attached below is the detailed solution

3 0
3 years ago
Read 2 more answers
g a machine with a cost of $148,000 and accumulated depreciation of $103,000 is sold for $59,000 cash. the amount that should be
krek1111 [17]

In a condition wherein a machine costing $148,000 and accumulates depreciation of $103,000 is sold for $59,000 cash, then the amount that should be reported as a source of cash under the cash flows from investing activities will be $59,000. Therefore, the option C holds true.

Cash flows from investing activities include the amount(s) spent by an organization over investing in different classes of assets with a view to pursue monetary returns. They include the amounts that are received or sent as cash at the time of purchase or sales of an asset of an organization.

Learn more about cash flows here:

brainly.com/question/15021405

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Complete question

g a machine with a cost of $148,000 and accumulated depreciation of $103,000 is sold for $59,000 cash. the amount that should be reported as a source of cash under cash flows from investing activities is:

a. Zero.

b. This is a financing activity.

c. $59,000.

d. $14,000.

e. This is an operating activity.

f. $45,000.

5 0
1 year ago
Please help. Atleast the top 2
Zepler [3.9K]

Answer:

Number 1 is Pure Market. Number two is socialist, I'm pretty sure.

Explanation:

Please mark me brainliest if someone else answers :>

6 0
3 years ago
Juan Foods pays off a long-term debt in full. Which one of the following statements best describes the appropriate book-keeping
tankabanditka [31]

Answer:

Debit long-term debt; Credit cash.

Explanation:

The Journal Entry is shown below:-

Long term Dr, XXXXXXXX

To Cash

(being long term is recorded)

Long-term debt is a liability which usually has a credit balance. Therefore, until the long-term debt is entirely repaid, the long-term debt account has to be debited to pay it off entirely from the account books. In another hand, the cash account has to be paid, because there is a cash outflow.

7 0
3 years ago
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