Answer:
(D) Cash proceeds from borrowing
Explanation:
Basically there are three types of activities:
1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.
2. Investing activities: It records those activities which include purchase and sale of the fixed assets. It also includes collections on loans and Cash advance to borrowers
3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.
Options A, B, and C are the investing activities whereas option D is financing activities.
Answer:
See the explanation section.
Explanation:
Mar. 4 Cleaning supplies debit = $77
Accounts payable - Health-Rite Supplies credit = $77
<em>To record the purchase of supplies.</em>
Mar. 19 Office equipment Debit = $3,750
Accounts payable - office Warehouse Credit = $3,750
<em>To record the purchase of office equipment on account.</em>
Mar. 23 Cleaning supplies Debit = $224
Accounts payable - Rubble Supplies Credit = $224
<em>To record the purchase of supplies.</em>
a CTSO for students taking marketing classes
a club providing hands-on laboratory experience for students taking a science class
an agricultural organization for students in an agricultural school
When using the expenditure approach, we are looking at the total spending of a business that is included in the equation to compute for GDP. For this, I would say government purchases is the answer because government purchases would take up the biggest chunk of a country's revenue for development and imports.
Answer:
Entry is given below
Explanation:
Bought shares 6 months ago = 400shares x $60/share
Bought shares 6 months ago = $24,000
Sold shares = 400shares x $40/share
Sold shares = $16,000
Loss on sales proceeds = $24,000 - $16,000
Loss on sales proceeds = $8,000
Entry:
DEBIT CREDIT
Cash $16,000
Loss on sale $8,000
Shares $24,000
