All transactions b. affect assets, liabilities, and/or stockholders' equity, and d. must affect both assets and stockholders' equity.
<h3>What is the accounting equation?</h3>
The accounting equation shows that assets are equal to liabilities and equity.
The implication of the accounting equation is that every transaction has at least two effects on the elements of financial statements, given their linkages.
Thus, the correct options are Options B. and D.
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Answer:
The price she sold the bond is $1,001.47
Explanation:
The formula for yield return in given as ;
Yield to maturity= (Annual interest+ per value - market price ÷ numbers of years to maturity)/per value+ market price÷ 2
048 = (Selling price + [(.07 × $1,000)/2] - $989)/$989
Making selling price the subject of formula we have this as the abswer
Selling price = $1,001.47
Answer: B - City administrator
Explanation: took the plato test
D. Know ahead of time what the teacher expects of you.
Answer:
Debit : Account Payable $1,600
Credit : Discount Received $32
Credit : Cash $1,568
Explanation:
The correct journal entry to record the payment on July 28 includes a Debit to Accounts Payable and Credit to Discount and Cash. Cash should be after returns and discount received.
