1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
RideAnS [48]
3 years ago
8

Manuel and Jones operate a partnership with beginning-year capital balances of $50,000 each. During the year, Santiago joins the

partnership by investing $20,000 cash. The journal entry to record Santiago's contribution would include a credit of how much and to wh
Business
1 answer:
slavikrds [6]3 years ago
5 0

Complete Question:

Manuel and Jones operate a partnership with beginning-year capital balances of $50,000 each. During the year, Santiago joins the partnership by investing $20,000 cash. The journal entry to record Santiago's contribution would include a credit of how much and to which account?

Answer:

The journal entry would include a credit of $20,000 to Santiago's account

Explanation:

A partnership is a company that is owned by two or more people. These partners contribute the capitals for starting the business and direct the affairs of the business together.

Journal entry helps to keep record of business transactions. The journal entry shows the credit and debit balances of the firm.

Since Santiago is a new member investing a cash of $20,000 and there must be a proper record of the amount invested by each partner to the company, the journal entry would include a credit of $20,000 to Santiago's account

You might be interested in
Increasingly, people are buying more fuel-efficient cars that burn less gasoline per mile. This seves people money
Sliva [168]
As the gas prices increase, the demand for electric and fuel efficient cars has greatly increased. People want to avoid spending more money than needed. With new advancements being made technologically, there is not much of a demand for cars that require excessive gasoline.
These new advancements have created a new era of automobiles which in turn creates job openings and economic growth in the auto industry.
Personally, I would rather purchase an electric car, or a car that is more fuel efficient to save more money in the long run.
7 0
3 years ago
When reheating left over food that has been in cold storage what do you do?
jeka94
You locate a microwave, oven, or stove to properly heat your food.

Microwave- Put food in a container and put a top or something over it ( to not make a mess). Warm it up as minutes you would like.

Oven- the oven usually does a great job of cooking or recooking your good but it takes longer. Place food in a pan ( not plastic) and turn the oven on to the temperature you desire to cook. Check every few minutes till food is done cookig.

Stove- Be very careful using a stove because it often has more accidents and you can easily be burned. For a stove put your food in a sauce pan or pot and turn the stove on as hot as you would like ( it will turn red, never touch!). Once food has cooked as long as you like you may eat.

( sometimes if food is to frozen it may need to thaw out)

please vote my answer branliest! Thanks.
7 0
3 years ago
To prepare for a trial between SmartPhones, Inc., and TechApps Company, TechApps' attorney places SmartPhones' chief executive o
katrin [286]

Answer:

A deposition

Explanation:

Deposition is the term under the law of the US (United States), which is defined as it involve the taking of sworn, oral testimony in the out of court, to witness that it might reduce to a transcript which is written for the later use in the court or for the motive or the purpose of the discovery.

Therefore, a deposition is required to prepare for the trial among the companies so that the court official make a record of the questions of the attorney and the answers of the CEO.

5 0
3 years ago
Studies of personality stability show that: A. there are no changes after age 20. B. pathological traits are likely to be less e
miv72 [106K]

Answer:

Correct Answer is " D"

D.a peak is reached at age 60.

Explanation:

Personality stability Studies show that stability of people increases with age and Experiences.

5 0
3 years ago
Buget Constraint. Suppose that Russ has budgeted $20 a month to by candy bars, music downloads, or some combination of both. If
GrogVix [38]

Answer:

The answer to this question can be defined as follows:

Explanation:

Please find the graph in attachment.

In point a.

The candy bar price = \frac{20}{40} = \frac{1}{2} = \$ 0.50

 In point b.  

The music download price = \frac{20}{20} = \$ 1

In point  c.  

The opportunity cost for music download = \frac{\$ 1}{\$ 0.50} = 2 \ candy \ bar

In point d.  

The opportunity cost for a candy bar = \frac{\$ 0.50}{\$ 1} =  \$ 0.50 \ music \ download

In point e.  

The cost of opportunity won't change as the price of the items is constant.

5 0
3 years ago
Other questions:
  • Maturity Risk Premium The real risk-free rate is 3%, and inflation is expected to be 2% for the next 2 years. A 2-year Treasury
    13·2 answers
  • Who is responsible for first mass producing cars on the assembly line in world war 1?
    10·1 answer
  • During the recession of 2007−2009, the u.s. federal government's tax collections fell from about $2.6 trillion down to about $2.
    13·1 answer
  • Why are images and video important when you can simply describe what it is you want to explain?
    14·2 answers
  • Amy, Allyson, and Kelly work in different teams at Oaktown Powersports. Amy's team ensures that all the raw materials, machinery
    13·1 answer
  • Milk sold in clear bottles might be low in ___.
    11·2 answers
  • The following units of an inventory item were available for sale during the year:Beginning inventory 10 units at $55First purcha
    9·1 answer
  • A yard 3-yard piece of rope costs. $5.85. What is the piece per feet?​
    10·1 answer
  • Which of the following represents a market failure?
    10·1 answer
  • Discuss the impact of discriminating behaviour the individual and society​
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!