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3 years ago

12

What are the different types of contract? The different types of contract are express contract, ______ contract, unilateral cont

ract, and bilateral contract.

2 answers:

ladessa [460]3 years ago

7 0

Implied is another type of contract.

I hope this help

andreyandreev [35.5K]3 years ago

5 0

The correct answer is

Implied

:)

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3 years ago

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Sphinxa [80]

Answer:

a. Dr Cash 17,500

Cr Common Stock 17,500

b. Dr Supplies 2,300

Cr Account payable 2,300

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Cr Cash 1,150

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Preparation of Journal entry

a. Dr Cash 17,500

Cr Common Stock 17,500

b. Dr Supplies 2,300

Cr Account payable 2,300

c. Dr Cash 13,300

Cr Sales commission 13,300

d. Dr Rent expense 3,000

Cr Cash 3,000

e. Dr Account payable 1,150

Cr Cash 1,150

f. Dr Dividend 1,800

Cr Cash 1, 800

g. Dr Automobile expense 1,500

Dr Miscellaneous expense 400

Cr Cash 1,900

(1,500+400)

h. Dr Salaries expense 2,800

Cr Cash 2,800

i. Dr Supplies expense 1,050

Cr Supplies 1,050

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