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Andru [333]
3 years ago
10

What are two characteristics of a credit union??

Business
1 answer:
Fantom [35]3 years ago
4 0
<span>Content CuratorContent StrategistCopywriterData AnalystDatabase AdministratorGraphic Artist<span>Information Architect</span></span>
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There are four closing entries: The first one is to close ___________________. The second one is to close __________________. Th
arlik [135]

Answer:

Revenues, expenses, income summary, dividend or withdraws account

Explanation:

The closing entries for the following accounts are presented below:

1. Service Revenue A/c Dr XXXXX

                To Income Summary XXXXX

(Being revenue account closed)

2. Income summary A/c Dr XXXXX

           To Expense A/c XXXXX

(Being expenses accounts are closed)

3. Income summary A/c Dr XXXXX

               To Retained earning XXXXX

(Being the difference is credited to retained earning that reflected as a profit)

4. Retained earnings A/c Dr XXXXX

      To Dividend A/c XXXXX

(Being dividend account is closed)

8 0
3 years ago
An item owned by a house hold or business that has a monetary value
xenn [34]
Its an asset of the household or business.
4 0
3 years ago
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Dr. Peabody recorded an $82 telephone bill that he will pay within thirty days. Which of the following statements is correct?
lana66690 [7]

Answer:

A. Telephone expense is debited $82; accounts payable is credited $82.

Explanation:

Mr. Peabody has incurred a debt of $82 on telephone expenses. His expenses have increased by $82, and his debts(liabilities) have also increased by $82.

An increase in expenses is recorded by debiting the relevant expense account. Mr. Peabody will debit the telephone expense account by $82.

Liabilities have increased by $82. An increase in liabilities is recorded by crediting the liabilities account. Mr. Peabody will complete this transaction by crediting the liabilities account by $82.

7 0
3 years ago
A nonprofit agency sets up a website to channel investments from all over the globe into microloans to support local farms, arti
ziro4ka [17]

Answer: Under the given circumstances , the following would be a positive externality for the global environment:<em><u> </u></em><u><em>Fewer people move from rural to urban areas, reducing urban sprawl.</em></u>

Urban sprawl can lead to several negative externalities such as : pollution, exploitation of natural resources at an exponential rate, unemployment etc.

Therefore, if fewer people move from rural to urban areas, this will reduce urban sprawl and further every other negative externality associated with it.

<u><em>The correct option is (A)</em></u>  

3 0
3 years ago
How much total interest will she pay over the course of the mortage for this house
Novosadov [1.4K]

Answer:

How are we suppose to know??????

Explanation:

4 0
3 years ago
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