Answer: option A: More competition for jobs in those areas are witnessed when federal programs provided more electricity in rural areas of the Midwest and South.
Explanation:
In the time of the Great Depression, President Roosevelt has passed the Rural Electrification Act (REA) in 1935 as part of the New Deal execution amendment. Through the beneficial act of supplied quantity of electricity units, the rural areas of the Midwest and South got the fine chance to expand the production of goods and services which covered the expenses of the cost of production.
Agriculture is the primary occupation of those areas, the electricity supply helped them to produce more agricultural products and also it supported Agro-based industries. The installation process are initiated and all farmers got loan advances by the cooperative societies.
Answer:
Loan amount = $184,193.95
Explanation:
Interest will remain same each year. Interest per year = 200,000*10% = $20,000
Installment $21,215.85
Less: Interest <u>$20,000</u>
Payment to Principal <u>$1,215.85</u>
Total principal repaid in 13 years = $1,215.85 * 13 years = $15,806.05
So, the principal left = $200,000 - $15,806.05 = $184,193.95
The journal entries are made as follows and t-accounts and Trial balance is made.
<h3 /><h3>What is Accounting?</h3>
Accounting is the calculation of debit and credit, this includes the finance calculations of a business. Accounting have five major accounts known as Capital, Income, expense, Liabilities and Assets.
A. DR Cash 14100
DR Furniture 5200
CR Capital 19300
B. DR Rent expense 1500
CR Cash 1500
C. DR Office Supplies 900
CR Accounts Payable 900
D. DR Salary Expense 1700
CR Cash 1700
E. DR Accounts Payable 700
CR Cash 700
F. DR Accrued Income 5900
CR Services 5900
G. DR Capital 6700
CR Cash 6700
T accounts are made by the name of a certain account and debiting or crediting the effecting account.
Trial Balance
Cash 4200
Furniture 5200
Capital 12600
Rent expense 1500
office supplies 900
Salary expense 1700
Accounts payable 200
Services (COGS) 5900
Accrued Income 5900
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