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Gennadij [26K]
3 years ago
13

Use the five transactions for Martin Rentals described below to answer the questions that follow Transactions:

Business
1 answer:
Maru [420]3 years ago
5 0

Answer:

I couldn't find the questions that should follow these transactions, the only requirement that I found on similar questions was to journalize them:

Oct. 1 Martin purchases 2 new saws on credit at $375 each; the saws are added to Martin's rental fleet; payment is due in 30 days.

Dr Equipment 750

    Cr Accounts payable 750

8 Martin accepts advance deposits for tool rentals of $75.

Dr Cash 75

    Cr Unearned revenue 75

15 Martin receives a $150 bill for electricity provided by Local Electric Company; payment is due in 30 days.

Dr Electricity expense 150

    Cr Accounts payable 150

20 Customers are charged $750 by Martin for tool rentals; payment is due from customers in 30 days.

Dr Accounts receivable 750

    Cr Service revenue 750

31 Payments of $500 are received by Martin from customers billed for rentals on October 20.

Dr Cash 500

    Cr Accounts receivable 500

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4 0
2 years ago
Assume a purely competitive increasing-cost industry is initially in long-run equilibrium and that an increase in consumer deman
salantis [7]

Answer:

The correct answer is option B.

Explanation:

An increasing-cost industry is that kind of industry where the cost of production increases as new firms enter the industry. It generally happens as the industry expands, the cost of inputs increases, because the input demand is increasing as well.  

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3 years ago
Based on the reasonable-consumer standard, a consumer should be protected by the government ____________.
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7 0
3 years ago
The signing of the project portfolio statement signals the transition from the high-level project initiating stage into the more
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Answer:

The answer is TRUE.

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3 years ago
Which of the following is a disadvantage of establishing a wholly owned subsidiary?
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Answer:

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