Business Classifieds Section which has advertisements and announcements about local businesses.
Answer:
$2,000
Explanation:
Calculation to determine What amount would the company report for operating cash flows in the statement of cash flows
Using this formula
Operating cash flows=Services to customers for cash-Employees' salaries -Utilities
Let plug in the formula
Operating cash flows= $4,500 − $1,500 − $1,000 Operating cash flows=$2,000
Therefore The Amount that the company would report for operating cash flows in the statement of cash flows is $2,000
Answer:
The journal entries are as follows:
(i) On June 1,
Cash A/c Dr. $5,890
To Owner's capital $5,890
(To record the issue of common stock)
(ii) On June 2,
Equipment A/c Dr. $1,240
To Accounts payable $1,240
(To record the purchase of equipment on account)
(iii) On June 3,
Rent Expense A/c Dr. $670
To cash $670
(To record the payment of rent)
(iv) On June 12,
Account receivable A/c Dr. $880
To service revenue $880
(To record the service provided on account)
Governments do not usually regulate monopolistically competitive industries because: the cost of regulation may be higher than the deadweight loss.
Some examples of monopolistically competitive industries include:
Hotels
Restaurants
Taverns or bars
Services for the consumers such as a haircut, pedicure, etc.
Retails that specialize in a certain product
What would be different is The money she has