1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GenaCL600 [577]
3 years ago
8

equirement 1. Post the journal entries to the​ T-accounts. Use the dates as posting references in the​ T-accounts. We will post

to the accounts one transaction at a time. Begin by posting the event from the 2nd. Received $ 14 comma 000 contribution from Brett Lawrence​, ​owner, in exchange for capital. ​(We will post to the accounts one transaction at a time. Post only the transaction from July 2 in this​ step.)
Business
1 answer:
dmitriy555 [2]3 years ago
8 0

Answer:

journal entry:

Cash    14,000 debit

  Brett Lawrence Capital Account   14,000 credit

T-Accounts:

     Cash

Debit          Credit

14,000

Lawrence Capital Account

Debit                  Credit

                      14,000

Explanation:

The July 2nd Transaction will be recorded following the following idea:

The company is receiving cash. Cash will be used to operate the business and therefore, is an asset. Then, the origin of the asset is the owner, Brett Lawrence. We will credit this account by the contributed amount.

This makes the journal entry balance as debit = credit

FInally the T-account will disclosure the same values, Lawrence T-account will show the credit

and cash will show the debit.

You might be interested in
EX 7.13. Create an interface called Visible that includes twomethods: makeVisible and makelnvisible. Both methods should takeno
lord [1]

Answer:

public class Icon implements Visible

{

       // instance variable

      //Constructor variable

      Public Icon()

      {  

         //implementation

                                      }

     //two methods will be implemented make visible and makeInvisible with the signage and return type

       //displayed below

\        public boolean<em> makeVisible</em>()

        {

                    //the implementation is registered here

      public boolean <em>makeInvisible</em>()

      {       //implemetation will be here

                                                              }

       //other methods are of this type

Explanation:

Create an interface called Visible that includes twomethods: makeVisible and makelnvisible. Both methods should takeno parameters and should return a Boolean result. Describe how aclass might implement this interface.public interface Visible{public: boolean makeVisibleO;public boolean makelnvisibleO;

The above can be executed as a javascript

public class Icon implements Visible

{

       // instance variable

      //Constructor variable

      Public Icon()

      {  

         //implementation

                                      }

     //two methods will be implemented make visible and makeInvisible with the signage and return type

       //displayed below

\        public boolean<em> makeVisible</em>()

        {

                    //the implementation is registered here

      public boolean <em>makeInvisible</em>()

      {       //implemetation will be here

                                                              }

       //other methods are of this type

5 0
2 years ago
Emma is planning how much she needs to make next week. She can only work 25 hours, and she needs to make a total
Mademuasel [1]

Answer:

$24.8 per hour.

Explanation:

Emma can only work for 25 hours in a week.

Total she needs to make =$620.

So, each hour she has to make sales worth =620/25 =$24.8

3 0
2 years ago
Read 2 more answers
Which of the following correctly describes globalization
kondor19780726 [428]

what is your question ??

I think u have missed some parts here in the question ..

5 0
2 years ago
A country has passed a law setting a minimum wage for factory workers 5% below the equilibrium price. How will this law impact t
kogti [31]
This law will impact the labor market cause of low pay rate that will stop more people from applying for that job
6 0
3 years ago
In the product development process, _____ eliminates ideas that are inconsistent with an organization's new-product strategy or
Serggg [28]

Answer:

Screening

Explanation:

Screening is a process in product development that evaluates and compares ideas that are put together for a business.

Simply put, screening is the checking and analyzing of ideas about a new product to ensure that the best idea is utilized to ensure profit.

Screening is done because every idea suggested cannot be good enough or useful for an organization and as such have to be trimmed off or trashed entirely to enable one use the best approach from other ideas.

I hope this helps.

8 0
3 years ago
Other questions:
  • Perkins Corp. will receive 250,000 Jordanian dinar (JOD) in 360 days. The current spot rate of the dinar is $1.48, while the 360
    13·1 answer
  • The board of directors of Capstone Inc. declared a $0.60 per share cash dividend on its $1 par common stock. On the date of decl
    10·1 answer
  • What is the answer to 20?
    9·1 answer
  • Imagine that you have been a production operator manager for two years at a large gas distibution company. Recently, your direct
    11·1 answer
  • Relatively high paid workers are reluctant to shirk because
    5·1 answer
  • On May 1, 2021, Concord Corporation declared and issued a 10% common stock dividend. Prior to this dividend, Concord had 207000
    5·1 answer
  • A partial list of a corporation's accounts shows the following account balances: Retained earnings, $300,000 Treasury stock, $10
    14·1 answer
  • Which account is credited when a job is completed? finished goods inventory. sales revenue. cost of goods sold. work in process
    12·1 answer
  • Suppose you are an aide to a U.S. Senator who is concerned about the impact of a recently proposed excise tax on the welfare of
    12·1 answer
  • Kraus Steel Company has two departments, Casting and Rolling. In the Rolling Department, ingots from the Casting Department are
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!