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Sauron [17]
3 years ago
12

McGregor allows customers to pay with credit cards. the credit card company charges 3% of the sale. when a customer uses a credi

t card to pay McGregor $200 for services provided, McGregor would:
A. Debit cash for $200
B. Credit service revenue for $194
C. Debit service fee expense for $6
D. Credit service revenue for $206
Business
1 answer:
Andru [333]3 years ago
8 0
D. Credit service revenue for $206
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The following transactions occurred during the month of August 2019 for the Washington Apple Company:
Maksim231197 [3]

Answer:

1. Increase in equity

2. increase in asset

3. increase in liability

4. Increase in revenue

5. Increase in expense

Explanation:

Assets is anything that provides future benefit to a company. Assets are reported in the balance sheet of the company and the company's reliability is measured on the basis of strength of its assets. Liability is the obligation that the company has to pay in future. These asset to liability ratio should be atleast 1 for the organizations.

7 0
3 years ago
What circumstances does a person need to prove to have their student loans discharged through bankruptcy?
Vesnalui [34]

It is possible to prove that the student loan is discharged through bankruptcy. One way is to prove that it will bring a lot of hardship on the student and their dependants.

<u>Explanation:</u>

It needs to be proved that the debtor cannot maintain a minimal lifestyle due to the burden. Prove that the debtor had made certain good efforts to repay the loans but couldn't succeed. Understudy advances are troublesome, however not feasible, to release in liquidation.

To do as such, you should show that instalment of the obligation will force an undue hardship on you and your wards. If the undue hardship is proved in the court then the student loan will be cancelled.

6 0
3 years ago
In order to help decide when and where to advertise, an appliance repair company decided to pull invoices and tally what types o
MrRa [10]

Answer:

Nominal

Explanation:

Levels of measurement are the.relevant type of information that is in the value assigned to variables under consideration.

There are 4 types of level of measurement as postulated by Stanley Smith Steven: nominal, ordinal, interval, and ratio.

Nominal measurements differentiates variables based on classification or grouping. Tags or numbers are allocated to identify or classify data.

In the given scenario an appliance repair company decided to pull invoices and tally what types of appliances were repaired.

The appliances are classified according to the type so this is a nominal level of measurement

8 0
3 years ago
What kind of puppy is in the claritin commercial?
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It was a beagle. The claritin medicine for common allergies, itching, runny nose, watery eyes and some other on its 2018 commercial. Find the attach image.

4 0
3 years ago
Read 2 more answers
if a company failed to make the end-of-period adjustment to move the amount of revenue that was earned from the unearned revenue
puteri [66]

If a company failed to make the end-of-period adjustment to remove from the unearned management fees account the amount of management fees that were earned, this omission would cause an overstatement of liabilities.

Liabilities are owing debts or legal responsibilities to another individual or business. Liabilities, then, are future forfeitures of economic gains that an entity must make to other entities as a result of previous occurrences or previous transactions.So,if a company failed to make the end-of-period adjustment to remove from the unearned management fees account the amount of management fees that were earned, this omission would cause an overstatement of liabilities.

To know more about Overstatement of liabilities visit:brainly.com/question/28316864

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4 0
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