Answer:
D. Any of the above, depending on the transactions
Explanation:
The double entry principle simply means that any accounting transaction has two records: one credit, and one debit, and it depends on the nature of the transaction, and of the accounts involved which specific value is credited and which one is debited.
For example, if a firm purchases 100$ of office supplies with cash, the credited account is cash, because cash is reduced by $100, while the office supplies account is debited by the same value.
If a firm sells 100$ of office supplies instead, the office supplies inventory is credited for this value, while the same amount of cash is debited for this same amount.
Scarcity exists because people's wants for goods and services are greater than the number of products that can be made from available resources
Answer:
June 10
Dr Inventory $7,100
Cr Accounts payable $7,100
June 11
Dr Inventory $350
Cr Cash $350
June 12
Dr Accounts payable $600
Cr Inventory $600
June 19
Dr Account payable $6,500
Cr Cash $6,240
Cr Inventory $260
Explanation:
Preparation of a separate journal entries for each transaction on the books of Blossom Company.
Books of Blossom Company
June 10
Dr Inventory $7,100
Cr Accounts payable $7,100
June 11
Dr Inventory $350
Cr Cash $350
June 12
Dr Accounts payable $600
Cr Inventory $600
June 19
Dr Account payable $6,500
($7,100-$600)
Cr Cash $6,240
($6,500-$260)
Cr Inventory $260
(4%*$6,500)
McCulloch v. Maryland represented a power struggle between the State and Federal law. It was a landmark decision by the Supreme Court of the United States. The state of Maryland had attempted to impede operation of a branch of the Second Bank of the United States by imposing a tax on all notes of banks not chartered in Maryland. Though the law, by its language, was generally applicable to all banks not chartered in Maryland, the Second Bank of the United States was the only out-of-state bank then existing in Maryland, and the law was recognized in the court's opinion as having specifically targeted the U.S. Bank.
Answer:
![A = 28000 [\frac{0.12 (1.12)^4}{(1.12)^4 -1}]](https://tex.z-dn.net/?f=%20A%20%3D%2028000%20%5B%5Cfrac%7B0.12%20%281.12%29%5E4%7D%7B%281.12%29%5E4%20-1%7D%5D)
![A = 28000 [\frac{0.12*1.574}{1.574-1}]](https://tex.z-dn.net/?f=%20A%20%3D%2028000%20%5B%5Cfrac%7B0.12%2A1.574%7D%7B1.574-1%7D%5D)
So then the annual pay would be $ 9218.564 for this case
Explanation:
For this question we can use the Equivalent annual value (A) given by the following expression:
![A = PV [\frac{i (1+i)^t}{(1+i)^t -1}]](https://tex.z-dn.net/?f=%20A%20%3D%20PV%20%5B%5Cfrac%7Bi%20%281%2Bi%29%5Et%7D%7B%281%2Bi%29%5Et%20-1%7D%5D)
Where 
represent the pesent value
since the rate is yearly
since we have 4 years to pay
So then we have everything to replace and we got:
So then the annual pay would be $ 9218.564 for this case
And this amount would be paid each year in order to pay all the money after 4 years.
