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Temka [501]
3 years ago
5

Eastwood Post Pavillion received a $650 check from a customer for the balance due. The transaction was erroneously recorded as a

debit to Cash $560 and a credit to Service Revenue $560. The correcting entry is ______.
Business
1 answer:
s344n2d4d5 [400]3 years ago
3 0

Explanation:

The correct journal entry is as follows:

Cash Dr $90

Service revenue Dr $560

         To Account receivable $650

(Being the cash received is recorded)

Basically we debited the cash for $90 and service revenue for $560 and credited the account receivable for $650 so that the correct posting could be done

The cash difference is

= $650 - $560

= $90

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Answer:

The statement is: False.

Explanation:

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Legal insider trading takes place when corporate insiders, officers, directors, and employees trade securities issued by their own company. When a corporate insider buys or sells his company's securities, this trading activity must be reported to the SEC, which then discloses this information to the public.

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Why is it important to be informed about economic activity
Dennis_Churaev [7]
Because it just is ok
7 0
3 years ago
You are considering the purchase of an office building for $1.5 million today. Your expectations include the following: first-ye
ddd [48]

Answer:

$289000

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Effective Gross Income (EGI): Effective Gross Income is calculated by deducting the Vacancy and collection (V&C) loss from Gross Potential Income (GPI).

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7 0
3 years ago
Which dimension of the general environment represents the demographic characteristics, norms, customs, and values of the populat
BARSIC [14]

Answer:

c. Sociocultural dimension

Explanation:

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cluponka [151]

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8 0
3 years ago
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