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andreev551 [17]
3 years ago
7

Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double-entr

y accounting system.
May24Coleman Company pays dividends of $1,500.
October11Coleman Company pays $1,000 for monthly advertising expenses.
Business
1 answer:
Ludmilka [50]3 years ago
8 0

Answer:

May 24

Dr Retained earnings $1,500

Cr Cash $1,500

Being cash dividend paid to shareholders.

October 11

Dr Advertising Expense $1,000

Cr Cash $1,000

Being cash payment for monthly advertising expenses.

Explanation:

Rules:

Debit side:

Increase in asset

Increase in expense

Decrease in liability

Decrease in equity

Decrease in income or sales

Credit side:

Decrease in asset

Decrease in expense

Increase in liability

Increase in equity

Increase in income or sales

May 24

Dr Retained earnings $1,500

Cr Cash $1,500

Being cash dividend paid to shareholders.

October 11

Dr Advertising Expense $1,000

Cr Cash $1,000

Being cash payment for monthly advertising expenses.

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Marketing Mix

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name some differences between the requirements and responsibilities between volunteer,intern, and paid jobs
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Who is responsible for maintaining roads in lynchburg va?
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3 years ago
If the price of a product increases rev: 05_10_2018 Multiple Choice total revenue will definitely increase. consumer surplus wil
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Answer:

consumer surplus will decrease.

Explanation:

Consumer surplus is defined as the difference between the price customers are willing to pay for a product and what they actually pay.

On the demand and supply curve it is indicated by the shaded area between equillibrum and demand curve as illustrated in the attached diagram.

For example let's assume the price a customer was willing to pay for a product was $50 and market price was $30

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Rockefeller never act unethically by the standards of his day or today´s.

There is nocontradiction between his personal and business ethics.

Explanation:

The fur trade was a vast commercial enterprise, which was at its peak for nearly 250 years, from the early 17th to the mid-19th centuries, sustained to satisfy the demand in an intensely competitive trade which opened exploration and settlement, financing missionary work, established social, economic and colonial relationships between Europeans and Indigenous people.

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Ethics has become a major consideration for young people in their selection of work and career, who demand enshrined values in their business  model, a difference, contributing with their core values, conscience, and personality not just profit.By the standards of his day Rockefeller, a faithful, balanced and devout Christian, was not being unethical as he always followed his-time regulations and laws, although nowadays they are more severe.  He compensated all the things he did, if wrong, with his contributions to help people cope with any damage done. There is no contradiction behe did as he had been taught when he was younger that he should separate business from pleasure.

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