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valentina_108 [34]
3 years ago
8

Which of the following would result if the business purchased supplies on credit? A)Supplies would increase, and Cash would decr

ease.
B)Supplies would increase, and Accounts Payable would increase.
C)Supplies would increase, and Capital would increase.
D)The purchase of supplies isn't a business transaction.
Business
1 answer:
klasskru [66]3 years ago
3 0
I think the answer is C
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When financing a car, you must pay ___ on the amount borrowed.
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True/False<br> The Marketing Cloud Connect API user is typically a shared user.
irina [24]

Answer:

The answer is True

Explanation:

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Before we continue, let us define some terms:

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6 0
3 years ago
Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of rec
Gre4nikov [31]

Answer:

a. 5% of $ 650,000=     $ 32,500

b. Required Adjustment  = $ 19,100

c. Required Adjustment  = $ 34,900

Explanation:

             Days Past Due

         Total           0                1 to 30          31 to 60      61 to 90         Over 90

Accounts- $650,000 $412,000 $106,000 $52,000 $34,000 $46,000

receivable

             

Percent-                          2%          3%             6%                8%               11%

uncollectible    22,320    8,240      3180         3120          2720            5060  

a. 5% of $ 650,000=     $ 32,500

B . Unadjusted Balance = $ 13,400 Credit

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Required Adjustment  = $ 19,100

C. Unadjusted Balance = $ 2,400 Debit

        Estimated Balance= $ 32,500

Required Adjustment  = $ 34,900

4 0
3 years ago
A general rule of thumb is to keep your credit utilization rate at 30% or lower. What is your approximate credit utilization rat
Leto [7]

Answer:

90%

Explanation:

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The recording of business transactions is a basic part of financial reporting and is referred to as:.
Karo-lina-s [1.5K]

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Learn more about Bookkeeping here:

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4 0
2 years ago
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