Answer:
$4,600 debit balance
Explanation:
Provided that
The account receivable balance = $5,000
The amount received from its charge-account customer = $400
So after posting this transaction, the new balance in the account receivable account is
= The account receivable balance - The amount received from its charge-account customer
= $5,000 - $400
= $4,600 debit balance
Answer:
1) Explore career options
2) conduct field research
3) determine your job target
4) Build your credentialsand resume
5) Prepare for your job search
The answer is <u>C) Advance deposits</u>. I believe.
Answer:
wow this is a hard question hold on let me do some cauculations
Explanation:
Answer:
FV= $1,220.19
Explanation:
Giving the following information:
You open a savings account on January 1, 2008 with $1,000. The interest rate stated on this account is 4%, compounded quarterly.
Effective rate= 4/4= 1%
We need to use the following formula:
FV= PV*(1+i)^n
n= 4*5= 20
FV= 1000*(1.01^20)= $1,220.19
