Answer:
Accounts Receivables 1200 debit
Sales Revenues 1200 credit
--to record purchase--
COGS 800 debit
Inventory 800 credit
--to record cost of goods sold
sales allowance & returns 200 debit
accounts receivables 200 credit
--to record sales allowance--
Cash 980 debit
sales allowance & returns 20 debit
Accounts receivables 1,000 credit
--to record collection within discount date--
Explanation:
We record making debit = credit
we also consider that we are working with perpetual inventory thus, the discount granted and allowance will later decrease the net sales figure.
Liability because she didn't have the vehicle in a collision...
The answer is $275,000 this is because this is the last accepted offer on the land. All others are appraisals or offers but not the recorded value of the land.
Financial and economic stability is controlled and enforced by the European Central Bank (ECB).
<u>Explanation:
</u>
The main goal is to control markets and to promote economic growth as well as the development of jobs.
Specifies the inflation it loans to the Euro-zone financial institutions, thus regulating money supply and prices.
- Managed financial assets of the euro and the sales and acquisition of assets to align market prices.
- Secure the European financial framework and maintain its sustainability.
- Controlling market trends and assessing controlling inflation threats.
- Authorizes Euro coin manufacturing by Euro area countries.
Retail Banks. The majority of people are the most familiar with retail banks, as they are aimed primarily at consumers. ...
Commercial Banks. Commercial banks service primarily individuals and small businesses. ...
Central Banks. ...
Cooperative or Mutual Banks. ...
Investment Banks. ...
Private Banks. ...
Online Banks. ...
Credit Unions.