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irga5000 [103]
3 years ago
14

Able Graphics received a $780 utility bill for the current month's electricity. It is not due until the end of the next month wh

ich is when they intend to pay it. Which of the following general journal entries will Able Graphics make to record this transaction?
A

Utilities Payable 780
Cash 780
B

Utilities Expense 780
Accounts Payable 780
C

Utilities Expense 780
Cash 780
D

Cash 780
Utilities Expense 780
E

Accounts Payable 780
Utilities Expense 780
Business
1 answer:
Sladkaya [172]3 years ago
3 0

Answer:

B.  Utilities Expense 780

Accounts Payable 780

Explanation:

The journal entry to record this transaction is shown below:

Utilities Expense A/c Dr $780

          To Accounts Payable A/c $780

(Being the utility expense is recorded)

Since the utility is an expense account so it will be debited while the bill is not paid yet will become the liability so liability account is increased so we credited it

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The R&D department at Parabola Inc. is developing innovative methods to develop products that would reduce resource wastage.
mihalych1998 [28]

Answer:

b) Lateral Thinking

Explanation:

Lateral thinking is the approach where creative and innovative ways are thought out. In this approach, problem solvers deliberately distance themselves from generic and classic approaches and thus try to come up with brand new ideas and not follow typical thinking patterns.

All the other options can be used to find solutions but they may not necessarily take this innovative approach.  

Hope that helps.

6 0
3 years ago
Under FINRA rules, to recommend a direct participation program to a customer, the registered representative must ascertain that
mylen [45]

Answer:

has a fair market net worth sufficient to sustain the risks of the program.

Explanation:

FINRA is an acronym for Financial Industry Regulatory Authority. It is a non-profit agency in the United States of America, which is saddled with the responsibility of handling the licensing and regulation of broker-dealers in securities.

A direct participation program (DPP) can be defined as a financial security which gives an investor (customer) access to the cash flow and tax benefits of a business venture.

Under FINRA rules, to recommend a direct participation program (DPP) to a customer, the registered representative must ascertain and ensure that the customer has a fair market net worth that is considered to be sufficient to sustain the risks associated with the program, including loss of investment and lack of liquidity.

5 0
3 years ago
Since lower-income people spend a larger proportion of their incomes on groceries than do higher-income people, if grocery store
Mamont248 [21]

Answer:

<em>d. regressive tax.</em>

Explanation:

Because as we can see on the given statements that lower income people come to buy grocery than the higher income people, so the 10-cent fee for disposable bags will come under regressive tax, as we know that regressive tax is a tax in which is taken or collected largely from the lower income people than the higher income people.

<em>So, the correct option will be OPTION (d).</em>

6 0
3 years ago
For questions 1-10, fill in the blank with the letter of the term that best matches the
AveGali [126]

Answer:

Explanation:

Free brainliest to the first who answers and 100 points!!!!! also a thanks and a five star

7 0
3 years ago
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6 0
4 years ago
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