Answer:
b.There is no effect on the accounting equation as one asset account increases while another asset account decreases.
Explanation:
On billing the customer, sales account would have been credited and accounts receivables debited.
On payment by the customer, accounts receivables would be credited and cash account debited.
Hence there will be no increase/decrease in asset as cash and receivables would nil off.
As such, the right option is b.There is no effect on the accounting equation as one asset account increases while another asset account decreases.
Answer:
The correct answer is the option C: food and energy.
Explanation:
On the one hand, the concept known as <em>"Consumer Price Index" </em>or CPI is refered to the measure that is basically used in economics in order to obtain the variation of prices in general that happens in a certain period of time, so that means that it focus in calculating the inflation of an economy by examinating the weighted average of prices of a basket of predetermined goods.
On the other hand, the <em>"Core CPI" </em>calculates the inflation in the costs of goods and services of a predetermined basket by does not include the ones from the food an energy sectors.
Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
Bal. June 30 Receipts Disbursements Bal. July 31
Balance per Bank 355,001 835,846 684,747 506,100
Deposit in Transit
June 30 86,899 -86,899
July 31 51,240 51,240
Outstanding Checks
June 30 42,690 -42,690
July 31 73,340 73,340
Unrecorded Receipts -150,000 -150,000
Unrecorded Disbursement -150,000 -150,000
Balance per Books 399,210 650,187 565,397 484,000
Answer:
$234.87
Explanation:
Pinky's new balance will be the opening balance plus additional. Deposits minus withdrawals. The new balance will be the starting balance plus cash-in minus the cash-out.
Starting balance =$137.66
Cash-in: $146.24
Cash-out : check $23.62 + (AT) of $25.41 =$49.03
New balance = $137.66 + $146.24 - $49.03
=$283.9- 49.03
=$234.8
