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Alina [70]
3 years ago
11

Jenna leigh is an information savvy, 20-something person who is trying to select between two marketing job offers. she can eithe

r join a company that makes small hammers and screwdrivers for the diy hardware store business, or she can join a company developing the lte phone service. she is quite impressed that the hardware business is growing quite nicely in china, mexico, and india, where people are starting to expand their living spaces. she is also aware of:
Business
1 answer:
Veronika [31]3 years ago
3 0
Hiii wanna be besties
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The following transactions were completed by the company a. The owner invested $19,000 cash in the company in exchange for its c
satela [25.4K]

Answer:

                      ASSETS                               = LIABILITIES     +  EQUITY  

<u>cash</u>        <u>supplies</u>       <u>equip.</u>        <u>land</u>     =  <u>acc. payable common stock</u>

19,000                                                                                       19,000

-1,500     1,500

                                    12,000                                                  12,000

               400                                                400

<u>-11,000                                           11,000                                                      </u>    

6,500      1,900           12,000       11,000  = 400                     31,000

Explanation:

Dr cash 19,000

    Cr common stock 19,000

Dr supplies 1,500

    Cr cash 1,500

Dr equipment 12,000

    Cr common stock 12,000

Dr supplies 400

    Cr accounts payable 400

Dr land 11,000

    Cr cash 11,000

4 0
3 years ago
Imagine yourself as a business owner just before an economic event such as a recession or depression. What impact would
never [62]
I’d be like —> aww hecc my business gonna lose so much customers now I gotta figure out ways to cut costs and I may have to fire some people. Now I have to decrease my prices... stupid economy. I want my good paying customers back ;(
5 0
3 years ago
Adrienne had contracted to convey real estate to rich. however adrienne died before the conveyance is completed. what is the sta
kondaur [170]
If he chose to, Rich can enforce the contract against Adrienne's estate. This is because, sickness or death of a promisor is not an avenue or excuse for non-performance in contracts such as this, which  can easily be delegated to another person for performance. 
3 0
3 years ago
Bramble Family Importers sold goods to Tung Decorators for $39,000 on November 1, 2020, accepting Tung’s $39,000, 6-month, 6% no
Aliun [14]

Answer:

note receivable       39,000 debit

        sales revenue               39,000 credit

--Nov 1st to record sale of goods to Tung Decorators --

interest receivalbe       390 debit

interest revenue                      390 credit

--Dec 31th adjusitng entry for accrued interest --

cash                       40,170 debit

        note receivable                39,000 credit

        interest receivable                390 credit

        interest revenue                    780 credit

--May 1st collection of the note--

Explanation:

<u>First</u>, we record the sales revenue and we enter the promissory note at his nominal. Interest will be accrued as the time past.

<u>interest for the period Nov 1st - Dec 31th</u>

prncipal x rate x time

we must always have rate adn time in the same metric so we express the mont has fraction of year:

39,000 x 6% x 2/12  = 390

<u>collection of the note</u>

cash procceds: principal + interest

39,000 x (1 + 6% x 6/12)  = 40,170

we write off both receivables, the note and the interest,

and we recognize interest revenue for the difference

40,170 - 39,000 - 390 = 780

6 0
3 years ago
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