It’s b bruh...............
Do you have a list of the components?
Sarah - cord source funding
Daphne - government loans because SBA is a government agency.
Pat - venture capital
Albert - asset backed lending because he is using collateral (assets) to secure his loan.
Economic profits that are present in the short run.
Answer:
Jan .7 Dr Vacation Benefits Expense $ 160
Cr To Vacation Benefits Payable $160
Explanation:
Journal entry for Mayer
Date Account Name Debit Credit
Jan .7
Dr Vacation Benefits Expense $ 160
Cr To Vacation Benefits Payable $160
( to record vacation pay expense.)