All categories

3 years ago

What journal should a company uses to capture cash transactions?

Business

1 answer:

alexira [117]3 years ago

7 0

I think it is (The Cash Payments Journal)

You might be interested in

According to "sleep rules raise trucking costs," in 2013 the federal motor carrier safety administration estimated the new rules

erik [133]

The government really just expected reduced highway fatalities. Even though that it costs these multibillion dollar companies a little more to let their drivers rest, it sill makes the roads safe for all drivers. Driving while tired is almost as bad as driving under the influence, so making sure that these truck drivers get sleep make sure everything is super safe for everyone.

5 0

2 years ago

Suppose that a 10 percent increase in the physical capital stock increases GDP by 10 percent. Nowconsider an additional 10 perce

Artyom0805 [142]

Answer:

B. Less than 10%

Explanation:

An addition increase by 10 % in the physical capital stock (which is a factor of production consisting of man made goods like machineries and so on) will lead to a less than 10% increase in the Gross domestic product. This is due to the law of diminishing marginal utility which talks about the consumption increases marginal utility from each additional unit declines. Thus, the more the physical capital stock increases, the GDP will increase at a decreasing rate.

7 0

3 years ago

Approximately what percent of regular army soldiers (excluding army reserves and national guard) currently serve in infantry uni

anyanavicka [17]

Base on the study of finding, the rate of the percent of regular army soldiers currently serving in the infantry units is about twenty percent. The results has showed that their are approximately twenty percent of regular army soldiers who are serving in the infantry units.

4 0

3 years ago

A man earns Rs.450 in a month and spends 85% of his income.what does he save?

Advocard [28]

He saves Rs. 67.5 (take 450 times .85- since its a % and then subtract that from 450)

8 0

3 years ago

On January 1, 2018, Surreal Manufacturing issued 600 bonds, each with a face value of $1,000, a stated interest rate of 3 percen

Hoochie [10]

Answer:

Period Bonds Interest Cash Increase in Bonds payable

Payable Expenses Paid Bonds payable at the end

2018 583352 23334.08 18000 5334.08 588686.1

2019 588686.1 23547.44 18000 5547.44 594233.5

2020 594233.5 23766.48 18000 5766.48 600000

Journal entries

Jan 01 2018

Cash account Dr $583352

Discount on Bonds Payable Dr $16648

Bonds payable Cr $600000

Dec 31 2018

Interest expense Dr $23334.08

Cash account Cr $18000

Discount on bonds Payable Cr $5334.08

Dec 31 2019

Interest expense Dr $23547.44

Cash account Cr $18000

Discount on bonds Payable Cr $5547.44

Dec 31 2020

Interest expense Dr 23766.48

Cash account Cr $18000

Discount on bonds Payable Cr $5766.48

Dec 31 2020

Bonds Payable Dr $600000

Cash account Cr $600000

01.01.2020 (Redemption at 101)

Bonds Payable Dr $600000

Loss on redemption of bonds Dr $11766.48

Cash account (600000*101%) Cr $606000

Discount on bonds payable Cr $5766.48

8 0

3 years ago