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loris [4]
3 years ago
10

Bertrand Inc. performed services for clients in the amount of $1,600 on credit. If this transaction had been posted in error to

the Cash account instead of the Accounts Receivable account, what correcting entry would be necessary? Multiple Choice Debit Accounts Receivable $1,600; credit Cash $1,600 Debit Cash $1,600; credit Accounts Receivable $1,600 Debit Accounts Receivable $1,600; credit Fees Income $1,600 Debit Fees Income $1,600; credit Cash $1,600
Business
1 answer:
natita [175]3 years ago
6 0

Answer:

Accounts Receivable $1,600; credit Cash $1,600

Explanation:

According to the given situation, the Journal entry is shown below:-

Accounts Receivable Dr,      $1,600

            To Cash                               $1,600

(Being accounts receivable is recorded)

To record the accounts receivable we debited the accounts receivable and we credited the cash to correct the error.

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What signs of maturity were shown towards the end of Tall Girl? Movie
Elis [28]
The answer is watch the movie
3 0
2 years ago
Personal Accents, Inc., (PAI) is a publicly held company that specializes in selling a variety of skin- and hair-care products.
Ilya [14]

Answer:

The answer is option “d” – selling PAI stock short.

Explanation : Short selling should be done only when the share prices are expected to fall. In this case PAI stocks are set to rise in a gradual manner and short selling will lead to losses.

8 0
3 years ago
416,000 people each receive an average refund of $3,600, based on an interest rate of 3 percent, what would be the lost annual i
victus00 [196]

Answer:

$44,928,000

Explanation:

The fact that 416,000 received a refund of $3,600 each means that the tax authority would lose the interest income that could have been generated on the total refund amount based on a 3% interest rate of return.

Lost annual income=number of people who got refund*average refund per person*interest rate of return

number of people who got refund=416000

average refund per person=$3,600

the interest rate of return=3%

Lost annual income=416,000*$3,600*3%

Lost annual income=$44,928,000  

6 0
3 years ago
Rafi, a director of Super Service Station Corporation, does not attend a board meeting for three years. During that time, Twyla,
Varvara68 [4.7K]

Answer:

a. liable for negligence or mismanagement.

Explanation:

Given that,  

The cost of the improper loans = $100,000

Since the director of the Super Service Station Corporation does not attend a board meeting for three years plus the president Twyla had done the improper loans that reflect the mismanagement as without knowing the credit history of the people how it could make the loans.  

Moreover, there is no guarantee of returning the money so he is totally liable for his negligence or mismanagement

8 0
3 years ago
When sodium chloride, NaCl , is added to water, it forms a solution. The steps involved in the dissolution of NaCl in water are
borishaifa [10]

Surely, when sodium chloride, NaCl , is added to water, it forms a solution which

is known as homogeneous solution

This dissolution of sodium chloride in water forms sodium and chloride ions

The chemical equation for the reaction is given below:

NaCl(s) + H2O(l) ⇌ Na+(aq)+Cl−(aq)

Reaction wise, when sodium chloride, NaCl , is added to water, the water molecules pull the sodium and chloride ions far apart, thereby; breaking the ionic bond that held them together. After the salt compounds are pulled apart, the sodium and chloride atoms are surrounded by water molecules

<h3>What is homogeneous solution?</h3>

Homogeneous solutions can be defined as those solutions with uniform composition and properties throughout the solution.

So therefore, surely, when sodium chloride, NaCl , is added to water, it forms a solution which is known as homogeneous solution

NaCl(s) + H2O(l) ⇌ Na+(aq)+Cl−(aq)

Learn more about homogeneous solution:

brainly.com/question/14926412

#SPJ1

4 0
2 years ago
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