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morpeh [17]
3 years ago
8

Which items listed on the ledger represent credits? a. Credit bill and craft fair b. Gift and online auction c. Gift and insuran

ce payment d. Online auction and craft fair
Business
2 answers:
Yuki888 [10]3 years ago
8 0
The answer to your question is B 
UNO [17]3 years ago
4 0

Answer;

B. Gift and online auction

Explanation;

Records of all the financial accounts a business maintains are called the general ledger. Types of accounts in the ledger may include assets, liabilities, expenses, and revenues, among others. In basic business accounting procedures, all entries into the general ledger can be listed as either a debit or credit, and a debit offsets a credit for each transaction.

When recording transactions, debits to the general ledger increase accounts such as assets and expenses. Equally, credits decrease these same accounts. Assets and expenses generally carry a debit balance.

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Which is an example of an automatic stabilizer? As real GDP decreases, income tax revenues: 
A. Increase and transfer payments d
oee [108]

Answer:

The correct answer is B. Decrease and transfer payments increase.

Explanation:

Automatic stabilizers soften cyclic fluctuations through their effect on aggregate demand. Indeed, when the economy is in a contractive or recessive phase, the negative or very reduced economic growth generates a decrease in fiscal revenues while higher unemployment increases public expenditures. Consequently, private sector disposable income decreases less than GDP does, thus limiting the contractual effect on aggregate demand, growth and employment. Therefore, the budget balance worsens in this phase by stimulating the economy and facilitating economic recovery. In the opposite sense, in times of expansion, automatic stabilizers generate higher public revenues and lower spending, which allows to increase the public surplus - or reduce the deficit - avoiding excessive expansion that could have negative effects on cycle volatility and price stability.

5 0
3 years ago
Feb. 2 Wrote a $350 check to establish a petty cash fund. 5 Purchased paper for the copier for $14.55 that is immediately used.
Nataly [62]

Answer:(1) Dr: petty cash $350, Cr: Cash $350, (2) Total delivery expense $16, Total Milleage expense $71, Total postage expense $65.55, Total merchandise inventory( Transportation -in) $42.4, Total office supplies $81.32, Petty Cash Balance $204.67 (3) a) Dr : Expenses $326.29, Cr : Cash $326.39 (b) Dr: petty cash $490, Cr: Cash $490

Explanation:

Journal entry to establish the petty cash fund

Dr : petty cash $350

Cr: : Cash $350

Journal entry to record the reimbursement

Dr : Expenses $326.39

Cr: Cash $326.39

Journal entry to record the increase in fund amount

Dr:petty cash $490

Cr: cash $490

Total delivery expenses $16

Total mileage expenses $71

Total postage expenses $65.55

Total merchandise inventory (Transportation -in) $42.4

Total office supplies $81.32

Amount received for reimbursement $326.39

Petty Cash Balance $204.67

7 0
3 years ago
What takes a new approach to middleware by packaging commonly used applications together, reducing the time needed to integrate
amid [387]

Answer:

D. Enterprise application integration middleware

Explanation:

7 0
3 years ago
A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8. Subsequently, the company declared a
LenKa [72]

Answer:

option A,$19,200

Explanation:

The amount stock dividend issued that needs to be transferred  from retained earnings to paid-in capital accounts by debiting the retained earnings and crediting the paid-in capital accounts is computed by the below formula:

Stock dividend value=stock dividend %* issued shares*market price

stock dividend % is 4%

issued shares is 40,000 shares

market price of stock is $12

stock dividend value=4%*40,000*$12=$19,200

The correct option is $19,200 option A.

One should be misled by the issue price of $8 per share,since that gives a different option which is wrong

8 0
3 years ago
Determine if the statement is true or false.
o-na [289]

That statement is true

In united states, there are only two things that considered as a primary source of criminal law.

The first one is the court ruling that is made by both state and supreme courts.  The second one is the legislation that are passed by the representatives in state and federal government.

4 0
3 years ago
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