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Dahasolnce [82]
3 years ago
11

A customer of Landen Consulting Company makes a $400 payment of cash on a bill for services provided last month. Record this tra

nsaction into the accounting equation of Landen Consulting by: (Check all that apply.)
Business
1 answer:
Pavlova-9 [17]3 years ago
5 0

Answer:

See answer below

Explanation:

In the books of Landen Consulting, the cash payment will be recorded as follows.

Debit Cash Account $400

Credit Account Receivables $400 (this would have been Revenue if the payment was made in the same month).

Since both accounts affected are assets account, the effect of the transaction on the accounting equation will be as follows.

Equity + Liabilities = Assets

Equity + Liabilities = Assets + Cash ($400) - Account Receivables ($400)

= Equity + Liabilities = Assets.

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Dr. Riley, a professor in the economics department, finds that if he keeps his door open, people tend to stop in to say hello. T
Archy [21]

Answer:

1) Mindfulness

Explanation:

Mindfulness refers to being aware of your environment and paying attention to what happens around you, and at the same time being aware of your thoughts and bodily sensations.

In other words, it means that Dr. Riley is able to concentrate on what he is doing and at the same time is paying attention to what is around him.

4 0
3 years ago
The Federal Reserve ________ pay interest on reserves held on deposit. The European System of Central Banks ________ pay interes
aliina [53]

The Federal Reserve does not pay interest on reserves held on deposit. The European System of Central Banks does pay interest on reserves held on deposit.

<h3>Federal Reserve Board</h3>
  • In the past, reserve banks were unable to offer interest on deposits. The Emergency Economic Stabilization Act of 2008 brought about a shift in that.
  • The Federal Reserve Board had to increase the size of its balance sheet by purchasing Treasuries and mortgage-backed securities in order to increase the amount of liquidity available to the banking sector.

<h3> European System of Central Banks</h3>
  • The major objective is to preserve price stability or the euro's worth. Price stability is the most significant contribution monetary policy can make in this area because it is crucial for economic growth and job creation, two goals of the European Union.
  • The ECB has four decision-making bodies with the authority to carry out the institution's goals.

To learn more about Federal reserve Board refer to:

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5 0
2 years ago
Which of the following is true about careers in agriculture?
PtichkaEL [24]

the real answer is a

5 0
3 years ago
Cost-push inflation occurs when:
marysya [2.9K]
Short answer D
Labor costs could cause that type of inflation as well.

C is eliminated because Push Cost Inflation is cost increase in what it takes to make a product.

B is gone because it is really deflation not inflation. This answer implies a drop in price. Inflation is an increase in price.

A subsides are an increase in capital. That will lower the price or keep it stable. Not A
4 0
3 years ago
Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $74,000 and $3,900, r
Nadya [2.5K]

Answer:

The 9,300 should Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement

Explanation:

The non-collectible accounts expenses on its Year 2 income statement is shown below:

= Ending balance + write off balance - opening balance

= $6,000 + $7,200 - $3,900

=$9,300

The accounts receivable is not to be considered because we have to find out the uncollectible accounts expense, so the account receivable balance should not be taken in the computation part.

Hence, the 9,300 should Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement

5 0
3 years ago
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