Explanation:
May 7
Credit sales of $4,000 which means accounts receivable will increase by $4,000 and Sales revenue will also raise b y the same amount
May 13
Collection on account of May 7th sales which means the account receivable will go down by $4,000 and cash will increase by $4,000
Journal entries
DATE Particulars Amount
May 7th Account receivable (+A) Dr. $4,000
to Sales revenue (+Equity) $4,000
( To record the credit sales)
May 13th Cash (+A) Dr. $4,000
to Accounts receivable(-A) $4,000
(To record the receipt of cash)
Answer:
I believe its Transfer Payments (or government transfer)
Explanation:
A transfer payment is a redistribution of income and wealth by means of the government making a payment, without goods or services being received in return.
Stair rails is a barrier along the open sides of stairways and platforms that prevent falling is