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irakobra [83]
4 years ago
10

Select the correct answer from each drop-down menu. _____ means ___ your portfolio and returning it to the target asset allocati

on in your initial investment plan. first blank- A. diversifacation B. Evaluation C. Re-balancing Second blank- A. Recreating B. Restating C.Revisiting
Business
1 answer:
Aleks04 [339]4 years ago
6 0

Answer:

rebalance

Explanation:

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Kacy Spade, owner, invested $10,750 cash in the company in exchange for common stock. The company purchased office supplies for
lisov135 [29]

Answer:

Accounts                                                                 Debit($)       Credit($)

Cash                                                                            10,750

Common Stock                                                                                10,750

<u>Being cash invested for common stock</u>

<u> in the business</u>

Office Supplies                                                           312

Cash                                                                                                  312

<u>Being office supplies purchased with cash</u>

Office Equipment                                                       5,945

Account Payable                                                                            5,945

<u>Being office equipment purchased on credit</u>

Cash                                                                             1,268

Fees Earned                                                                                     1,268

<u>Being cash received on service rendered </u>

<u>to a customer</u>

Account Payable                                                       5,945

Cash                                                                                                5,945

<u>Being settlement of amount owned for </u>

<u>office equipment</u>

Account receivable                                                   2,279

Fees Earned                                                                                    2,279

<u>Being recognition of amount owned </u>

<u>by customer</u>

Rent Expense                                                           525

Cash                                                                                                 525

<u>Being cash paid for rent</u>

Cash                                                                         957

Account Receivable                                                                       927

<u>Being cash collected for account receivable</u>

Dividend                                                                   900

Cash                                                                                             900

<u>Being dividend paid with cash</u>

Explanation:

Journal entry entries are used to record accounting effect of business transactions. General journal has two sides that make up debit and credit.

Entries on the debit side are assets or expenses while entries on the credit sides are liabilities, equity and income.

Journal also has a narration for each accounting event to provide information about the entry.

5 0
3 years ago
ournalize the entries to record the following selected transactions: a. Sold $900 of merchandise on account, subject to 7% sales
Daniel [21]

Answer:

Paid $436 to the state sales tax department for taxes collected

3 0
2 years ago
Which method is used to determine a persons net worth?
Fynjy0 [20]

Essentially, your net worth is the value of what you own, minus what you owe. Or, as a formula: assets – liabilities = net worth

8 0
3 years ago
A property owner had a stroke and is unable to take care of himself. He has no heirs so a court placed him in a nursing home and
julia-pushkina [17]

Answer: Tax lien

Explanation:

Tax lien could be defined as a federal obligation which the government carries out when you fail to pay tax debt. The government accumulates the total tax.

The property owner got exposed as regards tax payment plan which was not paid.

federal tax lien is the government's legal claim against your property when you neglect or fail to pay a tax debt. ..

3 0
3 years ago
For each of the following accounts, indicate the effect of a debit or credit on the account and the normal balance. Debit Effect
salantis [7]

Answer:

                                             Debit  Credit  

A Bonds payable                    Decrease Increase  

b. Unearned Service Revenue Decrease Increase  

c. Depreciation Expense      Increase Decrease      

d. Common Stock                    Decrease Increase  

e. Buildings.                            Increase Decrease  

f. Rent Revenue.                   Decrease Increase  

 

Explanation:

Debit  Credit  

A Bonds payable Decrease Increase  

Bonds payable are a form of long term debt usually issued by corporations, hospitals, and governments.    

b. Unearned Service Revenue Decrease Increase  

Unearned Service Revenue is a liability account that is used to record advanced collections from clients. In other words, it pertains to revenue already collected but the service has not yet been rendered    

c. Depreciation Expense Increase Decrease  

Depreciation expense is the amount of depreciation that is reported on the income statement.    

d. Common Stock Decrease Increase  

Common stock is a security that represents ownership in a corporation.    

e. Buildings.  Increase Decrease  

A building, or edifice, is a structure with a roof and walls standing more or less permanently in one place, such as a house or factory    

f. Rent Revenue. Decrease Increase  

Rent Revenue is the title of an income statement account which (under the accrual basis of accounting) indicates the amount of rent that has been earned during the period of time indicated in the heading of the income statement.    

7 0
3 years ago
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