Debit Accounts Payable $4,500; credit Notes Payable $4,500.
<em>In this case, accounts </em><em>payable </em><em>which have credit will be replaced by Notes payable. Hence accounts payable will be debited and notes payable will be </em><em>credited</em><em>.</em>
<em />
<em />
A transaction is a finished settlement between a buyer and a seller to change items, offerings, or economic belongings in go back for cash. The term is also generally used in corporate accounting. In commercial enterprise bookkeeping, this undeniable definition can get difficult.
<em />
Primarily based on the alternative of cash, there are three sorts of accounting transactions, particularly coin transactions, non-cash transactions, and credit score transactions.
<em />
Transaction process is a time period that refers to the adding, converting, deleting, or searching up of a record in an information record or database via coming into the information at a terminal or computer
<em />
<em />
Learn more about transactions here:-brainly.com/question/1016861
#SPJ4
Answer:
Book value 2020= $18,000
Explanation:
Giving the following information:
Purchasing price= $55,000
Residual value= $5,000
Useful life= 5 years
First, we need to determine the depreciation expense for 2018 and 2019. We will use the following formula:
Annual depreciation= 2*[(book value)/estimated life (years)]
2018= 2*[(55,000 - 5,000)/5]= 20,000
2019= 2*[(50,000 - 20,000)/5]= 12,000
Book value 2020= 30,000 - 12,000
Book value 2020= $18,000
Answer:
They dont cost like a thousand dollars.
Explanation:
It is estimated that logistics costs including transportation, distribution center operations represent 25 to 30% of the retail price that you pay for a new car.
<h3>What is retail price?</h3>
The retail price is the price that a customer will pay when purchasing a product at a retail store. This is the final price that customers pay for the goods purchased.
Here, other expense cost are added before a retail price is decided by a seller so that they can have profit from the sale.
Hence, It is estimated that logistics costs including transportation, distribution center operations, and order processing represent 25 to 30% of the retail price that you pay for a new car.
Learn more about retail price here : brainly.com/question/12929999
