Based on the purchase details by the company, the correct journal entry to record the purchase on July 5 is c) Debit Merchandise Inventory $1,800; credit Accounts Payable $1,800.
<h3>Why is this the correct journal entry?</h3>
On July 5, the amount that was purchased was still $1,800. Nothing had been returned yet. The amount that will be debited to Merchandising as an asset will therefore be $1,800.
The Accounts Payable account will be credited the same amount to reflect that the company owes money for the purchase.
In conclusion, option C is correct.
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Answer:
A
Explanation:
In this question, we are provided with options and we are asked to select which of these options is/are true.
First, we need to understand what is meant by the persuasive business message.
The persuasive message refers to a specific course of action in which a particular individual or entity is trying to convince the other party towards acting in a particular manner.
Now based on the options, we choose option A to be our answer. This is because, looking at the scope and mechanism of the persuasive business approach, it tends to speak to the other party by relying basically on the logical mechanics rather than on mere emotional appeal.
Answer:
c
Explanation: just did the test
Answer:
The bond will yield 4% per year
Explanation:
We have to look the bond return after three years:
year 1 will be the current year yieled
year 2 is 1 year ahead
year 3 is 2 year ahead
year 4 is three year ahead.
And from this rate we also consider the next rate as it is a two year bond:
r = 0.04 = 4%
Answer:
Voidable
Explanation:
A voidable contract is a contract that can be voided by one of the parties involved. In this case Jim can request the court to void the contract because it was signed under duress.
Contracts can only be signed under a party's free will, but in this case the politician pressured Jim to sign the contract against his will.