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Eva8 [605]
3 years ago
10

Choose all that apply.

Business
1 answer:
denpristay [2]3 years ago
5 0

reasons:

safe

high interest rates

no fees

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Complete the steps in the measurement of external transactions.
ZanzabumX [31]

Answer:

November 1 Issue common stock in exchange for $11,000 cash.

Dr Cash 11,000

    Cr Common stock 11,000

November 2 Purchase equipment with a long-term note for $1,500 from Spartan Corporation.

Dr Equipment 1,500

    Cr Notes payable 1,500

November 4 Purchase supplies for $1,100 on account.

Dr Supplies 1,100

    Cr Accounts payable 1,100

November 10 Provide services to customers on account for $7,000.

Dr Accounts receivable 7,000

    Cr Service revenue 7,000

November 15 Pay creditors on account, $1,200.

Dr Accounts payable 1,200

    Cr cash 1,200

November 20 Pay employees $1,000 for the first half of the month.

Dr Wages expense 1,000

    Cr cash 1,000

November 22 Provide services to customers for $9,000 cash.

Dr Cash 9,000

    Cr Service revenue 9,000

November 24 Pay $600 on the note from Spartan Corporation.

Dr Notes payable 600

    Cr Cash 600

November 26 Collect $5,000 on account from customers.

Dr Cash 5,000

    Cr Accounts receivable 5,000

November 28 Pay $1,200 to the local utility company for November gas and electricity.

Dr Utilities expense 1,200

    Cr Cash 1,200

November 30 Pay $3,000 rent for November.

Dr Rent expense 3,000

    Cr Cash 3,000

Cash                                               Common stock

debit               credit                      debit               credit

1,200                                                                      5,000

11,000                                             <u>                        11,000</u>

                      1,200                                               16,000

                      1,000

9,000

                      600

5,000

                      1,200

<u>                       3,000</u>

19,200

Accounts receivable                     Supplies

debit               credit                      debit               credit

400                                                500

7,000                                             <u>1,100                           </u>

<u>                        5,000</u>                     1,600

2,400

Equipment                                     Accounts Payable

debit               credit                      debit               credit

7,400                                                                     1,000

<u>1,500                         </u>                                             1,100

8,900                                             <u>1,200                        </u>

                                                                              900

Notes Payable                               Service revenue

debit               credit                      debit               credit

                      2,000                                              7,000

                      1,500                       <u>                        9,000</u>

<u>600                           </u>                                             16,000

                      2,900                     <u>6,000              closed</u>

Retained Earnings                        Wages expense

debit               credit                      debit               credit

                       1,500                      1,000

<u>                        10,800</u>                    <u>closed            1,000 </u>

                       12,300

Utilities expense                           Rent expense

debit               credit                      debit               credit

1,200                                              3,000

<u>closed            1,200 </u>                      <u>closed             3,000</u>

net income for the month = $16,000 - $5,200 = $10,800, so retained earnings should increase by $10,800

5 0
3 years ago
A negative cash flow to owners indicates that a firm has ________. Question 3 options: borrowed more money. sold additional shar
Alex17521 [72]

Answer: Issued dividends while maintaining a constant number of outstanding shares of stock

Explanation:

A negative cashflow is meant to indicate that cash has left the company. If this is in relation to the owners then it either means that the company has repurchased shares or paid out dividends.

From the options, the correct answer would be that the company issued dividends while maintaining a constant number of outstanding shares of stock. This would be reflected in the Financing section of the Cashflow statement.

5 0
3 years ago
The CEO of Jaquar Consultancy Corp. informs Amy's supervisor that she has performed extremely well in her last project. Amy's su
Gekata [30.6K]

Answer: Internal marketing

Explanation:

Jaquar Consultancy Corp. operates by implementing internal marketing. Internal marketing is when the objectives, and products of a company are promoted within the particular company.

The purpose of Internal marketing is to increase workers engagement with the goals and objectives of f the company and help foster its brand. The needs of the workers are satisfied in order to attain company's goals.

6 0
3 years ago
A price ceiling is a legislated price that is:________
Sergeeva-Olga [200]

Answer:

set above the equilibruim price

6 0
1 year ago
Which of the following statements are true regarding areas? You are graded on the precise location of the point used for the are
Triss [41]
B because it the right answer there
5 0
3 years ago
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