1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lbvjy [14]
3 years ago
5

A compound transaction was recorded as follows: debit Equipment, $5,000; debit Cash, $1500; credit Accounts Payable, $3,500. Thi

s error would cause __________.
Business
1 answer:
butalik [34]3 years ago
7 0
The trial balance would disagree. It seems that the cash should be credited instead as the situation seems to me that the cash is being expended to pay for the equipment, and the remaining 3500 is liabilities. Therefore, the error should be corrected.
You might be interested in
When does information become a liability for an organization?
jeyben [28]
A liability is a debt to an oraganization/business. Once the information brings the company down -holds them back- it becomes a liability. It's like if you have an accounts payable your creditors would have full rights to your money upon company liquidation. That means your company will earn less revenue. A liability is something you owe.
7 0
3 years ago
According to the video, what are some tasks Electrical Engineers perform? Check all that apply.
vazorg [7]

Answer:

A C E

Explanation:

cuz it is

3 0
2 years ago
Read 2 more answers
Peter hires Brunhilda to represent him and assist with the sale of his home. They sign a listing contract to memorialize their r
Sunny_sXe [5.5K]

Answer:

c. Express agency

Explanation:

An express agency can be defined as a type of contractual agreement between two (2) parties, which typically involves one party being instructed and authorized to act on behalf of the other person, usually referred to as the principal. Express agency is a fiduciary role.

In this scenario, Peter hires Brunhilda to represent him and assist with the sale of his home. They sign a listing contract to memorialize their relationship. Thus, the type of agency that has been created between Peter and Brunhilda is an express agency.

7 0
3 years ago
The _____ curve represents the full employment capacity of the economy and depends on the amount of resources available for prod
julia-pushkina [17]

The Long-Run Aggregate Supply curve represents the full employment capacity of the economy and depends on the amount of resources available for production and the available technology.

<h3>What is Long-Run Aggregate Supply Curve?</h3>

The Long-Run Aggregate Supply (LRAS) Curve depicts the relationship between price level and real GDP that would exist if all prices, including nominal wages, were completely flexible. Along the LRAS, prices can move, but production cannot since it represents the output of full employment.

To learn more about LRAS visit:

brainly.com/question/27064601

#SPJ4

5 0
1 year ago
List three positive benefits and three possible negative results of using credit.
mixer [17]

Positives:

Credit card rewards.

Fraud protection.

Travel benefits

Negatives:

Interest charges.

Late fees.

Potential for credit damage.

4 0
3 years ago
Other questions:
  • Kathy, a fashion model, witnessed a motor vehicle accident but did not stop because she was late for her pedicure and simply did
    9·1 answer
  • Antonio lives in San Diego and runs a business that sells boats. In an average year, he receives $731,000 from selling boats. Of
    5·1 answer
  • With good internal​ controls, the person who handles cash can also
    15·1 answer
  • Stream outflow is important to coastal landscapes because streams provide ________ to the coastal environment.
    6·1 answer
  • Nadine’s Home Fashions has $2.12 million in net working capital. The firm has fixed assets with a book value of $31.64 million a
    8·1 answer
  • Why do central banks play an important role in the global economy?
    14·1 answer
  • Which of the following points represents efficiency?
    14·1 answer
  • Pittman Framing's cost formula for its supplies cost is $1,110 per month plus $11 per frame. For the month of November, the comp
    12·1 answer
  • One category of project management software is high-end tools, sometimes referred to as project portfolio management (ppm) or __
    14·1 answer
  • The twenty pieces of data that nielsen used to determine a solution to its employee turnover issue are classified as:_________
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!