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Hitman42 [59]
3 years ago
11

On August 4, Armstrong Trucking, Inc., paid $4,500 to replace the engine in one of its trucks. Complete the necessary journal en

try by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
Business
1 answer:
kolbaska11 [484]3 years ago
7 0

Answer:

Explanation:

The journal entry is shown below:

Truck A/c Dr $4,500

        To Cash A/c  $4,500

(Being the truck is replaced for cash)

Since the truck is replaced so we debited the truck account and credited the cash account so that the correct posting can be done.

The replacement cost increase its useful life which is capitalized so we also debited the truck account

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Other things the same, an increase in the U.S. interest rate causes U.S. net capital outflow to a. rise, so supply in the market
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Answer:

b. rise, so demand in the market for foreign-currency exchange shifts right.

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Refer to Landfall Service. Because the company is known for its ability to produce lawn furniture more efficiently than any othe
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The company must have absolute advantage.

Having been in business for a while, Landfall Service is a provider of outdoor furniture. Greater than any other company in the country, it is renowned for its capacity to make furniture quickly. The truth is that no rival businesses exist in any other country. Many of the items offered by Landfall Service have been exported. Actually, sales outside of the United States account for 80% of company income. In order to support domestic businesses, the Italian government has slapped a tax on imported furniture. On the other hand, because the government wanted a piece of the action, the Brazilian government levied taxes on Landfall Service items.

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I hope my answer helps you

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