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jonny [76]
3 years ago
14

Ocean Breeze Co. paid $500 cash for expenses related to advertising for the period. Which of the following shows how this event

will affect the company’s accounting equation? The letters "NA" indicate that the component of the equation is not affected.Assets = Liabilities + Common Stock + Retained Earnings
A. $500 = NA + NA + $500
B. ($500) = NA + NA + ($500)
C. NA = $500 + ($500)+ NA
D. ($500) = NA + ($500)+ NA

A. Option A
B. Option B
C. Option C
D. Option D
Business
1 answer:
Elena-2011 [213]3 years ago
8 0
The answer is A because
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How to access your federal reserve account?
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The federal reserve account is the central bank of the United States of America. It is an independent bank in a sense that it does not need the approval of the President or any government authority to forego with their daily transactions. Only institutions have accounts in the federal reserves like commercial banks. An individual cannot access one.
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3 years ago
Gabriele Enterprises has bonds on the market making annual payments, with eight years to maturity, a par value of $1,000, and se
Elena-2011 [213]

please find the attached for an explanation

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4 0
3 years ago
Healthy Measures Inc. produces a Bath and Gym version of its popular electronic scale. The anticipated unit sales for the scales
lesantik [10]

Answer:

Explanation:

Production budget is a schedule of the number of units of goods that are to be produced using a forecast sales amount and the level of the opening and closing inventory

                                            Bath Scale                       Gym Scale

Northern region                     25,500                              33,300

Southern region                     27,500                              28,900

Total                                        53,000                               62,200  

Opening inventory                  (1,200)                                ( 2,500 )

Closing inventory                     900                                     2,700    

Total units to be produced     52,700                               62,400

Bath scale = 53000+900 -1200 = 52700

Gym scale = 62200+ 2700-2500 =62,400

           

7 0
3 years ago
Pretzelmania, Inc., issues 6%, 10-year bonds with a face amount of $63,000 for $58,523 on January 1, 2018. The market interest r
Mamont248 [21]

Answer:

Please refer to the below for Journal entries

Explanation:

The journal entries are seen below

1. Cash A/c Dr $58,523

Discount on bond payable A/c Cr $4,477

To bonds payable A/c Cr $63,000

(Being the issuance of bond that is recorded)

2. Interest expense A/c Dr $2,048

To discount payable A/c Cr $158

To cash A/c Cr $1,890

(Being the first interest payment that is recorded)

Note:

Interest expense

= $58,523 × 7% × 6 months ÷ 12

= $2,048

Cash

= $63,000 × 6% × 6 months ÷ 12

= $1,890

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