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kherson [118]
3 years ago
12

Alex invested $30,000 in cash in his business. how will this entry be posted in the ledger accounts? choose the best answers. th

e $30,000 will be posted to the credit side of the cash account. the $30,000 will be posted to the debit side of the cash account. the $30,000 will be posted to the debit side of the owner's account. the $30,000 will be posted to the credit side of the owner's account.
Business
1 answer:
Elden [556K]3 years ago
4 0
Debit cash:

Invested by owner, $30,000
Collection of account receivable 1,900
Performed consulting services for cash 4,200
Balance 4,800


Credit Purchased:

Equipment, $26,000
Cash payment of rent 1,000
Purchase of supplies for cash 2,500
Payment of account payable 900
Payment of salary 700
<span>Withdrawal by owner 200

</span>Cash:

Debit Balance 5,500
The initial investment by owner 20,000
Fee revenue earned 6,500
Credit Withdrawal by owner 16,000
<span>Payment of rent 5,000</span>
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soldi70 [24.7K]

The first step to show the problem the report focuses on is writing a clear problem statement. On the other hand, the most common sources for informal reports include observations, electronic sources, and printed materials.

In companies, the purpose of most reports is to describe or a process in a detailed way. In the case of reports that focus on problems, these reports aim at explaining through accurate data a problem or issue in the company.

One of the first elements in these reports is a clear problem statement, this means the problem the reports explain is summarized in a short but clear and accurate statement. This statement is usually one of the first elements in the report because it helps the writer know what the report is about.

On the other hand, reports need to illustrate and explain the problem based on realistic and accurate data. Because of this to write a report sources such as articles, observations, printed documents, etc.

In the case of informal reports the most common sources are:

  • Observations: Information you obtain by monitoring a process or phenomenon.
  • Electronic sources: Information related to the problem found on the internet or in electronic records.
  • Printed materials: Documents such as letters, reports, etc. that provide information about the problem.

Learn more in: brainly.com/question/11509805

6 0
3 years ago
Zachary Manufacturing Company has an opportunity to purchase some technologically advanced equipment that will reduce the compan
Svet_ta [14]

Answer:

IRR = 8%

Don't accept the project

Explanation:

The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

IRR can be calculated using a financial calculator:

Cash flow in year 0 = -9,187,846.67

Cash flow each year from year 1 to 11 = 1287000

IRR = 8%

Because the IRR is less than the hurdle rate, the project shouldn't be accepted.

To find the IRR using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

I hope my answer helps you

6 0
3 years ago
Read 2 more answers
Q 10.25: Admire County Bank agrees to lend Givens Brick Company $600,000 on January 1st. Givens Brick Company signs a $600,000,
Shtirlitz [24]

Answer:

Entry is given below

Explanation:

As Givens brick company is paying off the liability of note payable and the interest amount therefore, it will be debited as it is a decrease in liability. Cash will be credited as it is our asset and its decreasing.

Entry                      DEBIT          CREDIT

Notes payable     $600,000

Interest                 $36,000(w)

Cash                                           $636,000

Working

Interest = $600,000 x 8% x9/12

Interest = $36,000

7 0
3 years ago
Which one of the following types of charitable contributions is NOT deductible for federal income tax purposes?
Fofino [41]

Answer: B.

Explanation: Contributions to individuals, foreign governments, foreign charities, and certain private foundations similarly are not deductible.

3 0
3 years ago
A sample of 51 observations will be taken from an infinite population. The population proportion equals 0.85. The probability th
3241004551 [841]

Answer:

c. 0.0819

Explanation:

The mean = 0.85

standard error of the proportion is:     sp = sqrt(pq/n)

= sqrt ((.85)(0.15) / 51) = 0.05

P(0.9115 < X < 0.946) = P( (0.9115 - 0.85) / 0.05 < z < (0.946 - 0.85) / 0.05 )

= P(1.23 < z < 1.92)

= P(z < 1.92) - P(z < 1.23) = 0.0819

8 0
3 years ago
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