So, 30 billions were borrowed and 50 billion were returned, which means that the amount returned was bigger than the amount borrowed. This means that the there is now less money in the circulation (on people's accounts, money being exchanged between people), which means that the money supply decreased.
How to solve if I remember right. $10 x .20 and then divide it with the .20 of whatever u get when u multiply it
Answer:
Debit Rent Expense $2,000; credit Prepaid Rent $2,000.
Explanation:
Assuming On December 31, the Company's Prepaid Rent account had a balance before adjustment of the amount of $6,000 which means that if the Three months' rent was paid in advance on December 1, The adjusting entry needed on December 31 is:
Debit Rent Expense $2,000
Credit Prepaid Rent $2,000.
($6000/3month)
(To record Rent Expense)
Answer:
D. keeping records
Explanation:
Your records can identify the source of your receipts. You need this information to separate business from your personal receipts and taxable from nontaxable income.<u> </u><u><em>It is very important to have a system to keep track of your deductible expenses. ... You need business good records to prepare your tax returns.</em></u>