The right answer for the question that is being asked and shown above is that: "b. They increase or decrease supply or demand." price changes drive markets toward equilibrium is that <span>b. They increase or decrease supply or demand.</span>
Can you put this in English please
Answer: Check attachment
Explanation:
The journal entries to record the transactions described above has been attached.
On 1st, January 2020, debt investment was debited by $50000 and cash was credited by $50000.
On 31st December 2020, interest receivable was debited by $6000 and interest received was credited by $6000.
On 1st January, 2021, Cash was debited by 6000 and interest received was credited by 6000.
Check attachment for further details.
It is B. and now i have to type more to get this answer posted
Answer: Option C
Explanation:
A. As per the general principles of accounting expenses are recorded on the debit side thus they are increases when debit transaction is made.
B. Transactions involving liabilities are recorded on credit side of the accounts.
C. Revenues are recorded on credit side of the transactions thus revenues increased when accounts are credited.
D. Transactions involving purchase of assets are recorded on debit side thus debit transactions increases debits.