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Answer:
A). The sum of the credits will equal the sum of the debits.
Explanation:
journal entry journal entry can be regarded as record of the business transactions which is made in a accountingbooks of a business.
journal entry that is documented properly will contains correct date as well as amounts to be debited and description of the transaction, it contain amount to be credited as well as a unique reference number.Note that "There is equal amount of credit as well as debit in a journal entry"
Trial balance can be regarded as report that give lists of balances of all general ledger accounts in a firm at a particular point in time, there is compilation of all ledger balance into debit as well as credit account column totals. As rule in trial balance, the total of the debit balances as well as credit balances that is been extracted from the ledger must tally with each other.
Answer:
The insurer pays the mortgage lender $76,000.
Explanation:
As the total outstanding amount is only $76,000
Although that the value of home is $110,000. But only the outstanding balance which is yet not repaid on mortgage will be paid to mortgage lender.
This will be paid by the insurer as the house was insured, and even though if it is burned intentionally, the insurer can not run from his liability.
Accordingly the entire balance of mortgage lender, since amount outstanding is less than value of home will be paid by the insurer.
Answer:
Association
Explanation:
Association is a strategy used to help memorize things, relating them to things you already know, in this case she needs to remember the 11 digit number, and otherwise that would be a very hard task, but by associating it to two numbers that she already knows, like her friends birth year, and her aunts number she just have to remember those two, instead of memorizing the whole number.
