It is true that capital gains refer to profits from the sale of investments.
Answer:
Debit interest receivable $1,500
Credit interest revenue $1,500
Explanation:
Adjust entries are used in accounting to record accrued revenue or expense at the end of an accounting period.
On March 1, 2021, Bearcat lends an employee $20,000. The employee signs a note requiring principal and interest at 9% to be paid on February 28, 2022.
We are to calculate the adjustment at December 31, 2021.
We need to calculate interest accrued at year end. The loan would have stayed for 10 months.
Interest= principal* rate* time
Interest= 20,000* 0.09* (10/12)
Interest = $1,500
So we will debit interest receivable for $1,500 and credit interest revenue.
Answer:
Advertising a similar property can and does create interest in their property
Explanation:
In real estate agents need to effectively market properties in order to sell to consumers.
One way of doing this is by creating awareness in a given market about a particular property type.
When interest in a type of property is created it generates interest that will lead to more sales.
In the given scenario when Tom meets with his sellers to explain his advertising plan, he should make sure the owners understand that to capture a market they need to advertise even products that are similar.
As interest grows it will create a demand for that type of property
Answer:
<h2>True </h2>
<h3>hope it helped you sorry if i don't have explanations</h3>
