Answer:
b.$216,000
Explanation:
The computation of the balance in the capital account for Harrison is shown below:
= Opening balance + additional invested amount - withdrawn amount + net income distributed
= $160,000 + $20,000 - $96,000 + $132,000
= $216,000
We assume that the net income is equally distributed.
Since we have to determine for the Harrison only so we ignored the Marti data which is given in the question
Answer:
April 5
Debit : Merchandise $36,000
Credit : Accounts Payable - Tamarisk Company $36,000
April 6
Debit : Accounts Payable - Tamarisk Company $920
Credit : Cash $920
April 7
Debit : Equipment $30,500
Credit : Accounts Payable $30,500
April 8
Debit : Accounts Payable - Tamarisk Company $4,200
Credit : Merchandise $4,200
April 15
Debit : Accounts Payable - Tamarisk Company $30,880
Credit : Discount received $926.40
Credit : Cash $29,954
Explanation:
Working for Journal on April 15
Balance = $36,000 - $920 - $4,200
= $30,880
Discount = $30,880 x 3%
= $926.40
Amount Paid = $30,880 - $926.40
= $29,954
Answer:
A. money supply curve will shift right.
Explanation: when the supply of money is increase by the central bank,the money supply curve will shift right. Leading to a lower interest rate,but,the money supply curve shifts left, when the supply of money falls,which leads to higher interest rate.
This statement is <u>false </u> .
What is Sales Revenue ?
A company's sales revenue is the income it receives from the selling of goods or the provision of services. The phrases "sales" and "revenue" in accounting can and frequently are used interchangeably to signify the same thing. It is vital to understand that revenue does not always imply cash received. A portion of sales revenue may be paid in cash, while another portion may be paid on credit via accounts receivable.
On the income statement, sales revenue can be shown as either gross revenue or net revenue. Net revenue includes all deductions for products returned, the potential of undelivered merchandise, and the expense for uncollectible accounts receivable (sometimes known as "bad debt expense").
To know more about Sales Revenue
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Answer:
The correct answer is A.
Explanation:
According to the previous argument, imposing the rate at the time of recovery would reduce waste more effectively, as consumers tend to keep old appliances for longer if they face a fee for disposal. So, what Sperland would be causing is for consumers to look for different alternatives to avoid incurring such expenses.
