Debit Accounts Payable $4,500; credit Notes Payable $4,500.
<em>In this case, accounts </em><em>payable </em><em>which have credit will be replaced by Notes payable. Hence accounts payable will be debited and notes payable will be </em><em>credited</em><em>.</em>
<em />
<em />
A transaction is a finished settlement between a buyer and a seller to change items, offerings, or economic belongings in go back for cash. The term is also generally used in corporate accounting. In commercial enterprise bookkeeping, this undeniable definition can get difficult.
<em />
Primarily based on the alternative of cash, there are three sorts of accounting transactions, particularly coin transactions, non-cash transactions, and credit score transactions.
<em />
Transaction process is a time period that refers to the adding, converting, deleting, or searching up of a record in an information record or database via coming into the information at a terminal or computer
<em />
<em />
Learn more about transactions here:-brainly.com/question/1016861
#SPJ4
Answer:
A) accounting.
Explanation:
Given that
An accountant = $80,000
Cashier = $50,00
Cook = $20,000
Opera singer = $0
By considering the above information, we can concluded that
If we compare the wages in different scenarios, the Maggie can make a comparative advantage by adopting as accounting as it has higher wages compared to others. It also reflects the efficiency compares with the other activity
The total surplus is A. $30.
The surplus is the amount of money that is let over after all requirements have been met/paid. This can also be an excess amount of production that is over the amount of money demanded. The opportunity cost is $30, which is what Tom values his time being worth that he is not getting due to dog walking.
Answer:
6.67 solution: Actual labour hour=8hr total no.of employees=4 Total working
Explanation:
Answer: The unit Product cost is $32.09
Explanation:
$
Add : Direct Material. 35
Add: Direct Labour 16
-------------
Prime Cost. 51
Add: variable manufacturing overhead. 15
Add: Fixed manufacturing overhead. 24,000
-----------------
Production cost. 24,066
-------------------
To determine the unit Product cost for the year we will divide the production cost by the unit produced
Production cost ÷ unit produced
Since the the production cost is $24,066 and unit produced is 750unit
24,066÷ 750
= 32.088
= 32.09
Therefore the unit Product cost is $32.09
