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Anna11 [10]
2 years ago
5

On Jan. 2, Callie Taylor invests $40,000 into the business in exchange for common stock. She journalize the transaction as follo

ws but something is wrong with the journal entry. Use your knowledge of what a correct journal entry should look like to identify everything that is wrong.
Business
1 answer:
castortr0y [4]2 years ago
6 0

Answer:

See explanation section.

Explanation:

The correct journal to record this transaction is -

Cash                    Debit          $40,000

Common stock   Credit         $40,000

Note: As Callie Taylor invests the amount in exchange for common stock, An asset (cash) will be increased, and equity (common stock) will be increased. An increase in asset means debit, while an increase in equity means credit.

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Answer:

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So "Business person" would surly fit for his character. Steve Jobs have a sort of character which satisfied with number of characteristics that accommodate him for imagination and imaginative.  

Steve was acceptable in sharing his inclination and punish individuals ahead to take obligations. These are the characteristics of Extrovert individuals. This can be seen each time both in progress and disappointment, he never seize to quit talking about the conceivable outcomes.  

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4 0
3 years ago
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When a line cook in a restaurant uses raw meat to cook a hamburger that becomes part of the restaurant's Super Burger Special, t
gulaghasi [49]

Answer:

Transformation process.

Explanation:

When a line cook in a restaurant uses raw meat to cook a hamburger that becomes part of the restaurant's Super Burger Special, the cook is taking part in a transformation process.

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7 0
3 years ago
One thing that distinguishes the short run and the long run is?
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A. the existence of at least one fixed input is the primary difference between short run and long run. It is because in the long run, the quantities of all inputs can be varied.

In economics, the short run can be defined as a concept that states that, within a certain period in the future. In the short run the others are variable while at least one input is fixed. In the other side, long run in economics can be defined as a theoretical concept in which all prices and quantities have fully adjusted and all markets are in equilibrium.

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6 0
1 year ago
The City of Matthews has been given a $1,000,000 gift that is restricted by the donor, Rebecca Smith. Ms. Smith’s gift agreement
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Answer:

It is called A PERMANENT FUND.

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3 years ago
As a sole proprietor, what are the ways in which you can raise money to establish your business, and make it grow?
kolezko [41]

Answer:

Take out a small business loan.

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