Answer:
2018 loss for 1,500
2019 gain for 4,000
Explanation:
purchase at 715,000
December 31th 713,500
adjusting entry december 31th
loss on investment 1,500 debit
marketable securities 1,500 credit
january 3rd, 2019
cash 717,500 debit
gain on investemnt 4,000 credit
martetable securities 713,500 credit
to record gain on investment
The joint federal and state
health insurance program for low-income persons in the United States is called
MEDICAID. Medicaid, helps with medical costs for those people with limited
resources and income. While Medicaid is jointly funded by both federal and
state governments, it is managed by the state governments.
<span>Privacy protection in the United states is much less stringent than in Europe.
Stringent is another word for strict. European privacy protection laws are much more strict than those in the United States. Privacy protection refers to the means of protecting your privacy and companies are not allowed to give out personal </span>information without confirmation they are allowed to do so.
Answer: B. It is shifting from a planned to a free-market economy.
Explanation:
Credit card bill from ABC credit have listed a number of expenses made, these needs to be posted according to the relevant accounting heads.
<h3 /><h3>What is Accounting?</h3>
Accounting is the calculation of cash, in other terms it is the study of debit and credit. The accounting teaches the treatment of different transactions, the transactions are divided in different heads, asset, expense, income, liability and capital.
T Accounts should be made as follows.
Assets
DR $1500 Computers
DR $650 Furniture
DR $334 Van Payment
Expenses
DR $420 Office Supplies
DR $250 Electric Company
DR $100 Water
DR $250 Office Supplies
Petty Expenses
DR $150 Steak House
DR $100 Fuel Stop
The expenses are distributed among the heads that they are relevant to, petty expenses only contains the payment for expenses that are immaterial in nature and amount, Asset account have the payments made for assets.
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