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romanna [79]
3 years ago
12

Study the following transactions . Journalize the transactions in a two-column journal, using the appropriate number to identify

the transactions.
1. Billed customers for fees earned, $55,330.
2. Purchased supplies on account, $2,380.
3. Received cash from customers on account, $52,010.
4. Paid creditors on account, $1,440.
Business
1 answer:
marysya [2.9K]3 years ago
5 0

Answer:

Explanation:

The journal entries are given below:

1. Account receivable A/c Dr $55,330

              To Fees earned $55,330

(Being the fees earned is recorded)

2. Supplies A/c Dr $2,380

        To Account payable A/c $2,380

(Being the supplies is purchased on account)

3. Cash A/c Dr $52,010

          To Account receivable A/c $52,010

(Being the cash is received from customers)

4. Account payable A/c Dr $1,440

         To Cash A/c $1,440

(Being cash is paid to creditors on account)

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Answer:

I shouldn't believe or think this will be viewed as offensive conduct because he doesn't threaten any lady throughout particular. A further explanation is given below.

Explanation:

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3 0
3 years ago
Jack offers to sell Jill his automobile for $10,000. Jill says she must think about but that she is not rejecting his offer. Jil
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Answer:

The sale of the car is canceled

Explanation:

For two reasons I think this. Jack had already sent out a letter to jill stating that the car is no longer for sale. As the current owner of the vechile he has the right at any point in time to draw out of the deal up till the actual signing over of the car.  

3 0
3 years ago
On January 1, 2020, Shay Company issues $700,000 of 10%, 15-year bonds. The bonds sell for $684,250. Six years later, on January
Leno4ka [110]

Answer:

Discount on bonds issuance = $15750

Explanation:

A bond is issued at a discount when the issue price of the bond is less than the face value of the bond. This usually happens when the coupon rate paid by the bond is less than the market interest rate. To calculate the amount of discount on bonds issuance, we simply deduct the issue price from the face value of the bond. Thus,

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As we know the face value of the bonds is $700000 and the issue price is $684250, we can calculate the discount on issuance to be,

Discount on bonds issuance = 700000 - 684250

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7 0
3 years ago
Antoine transfers property with a tax basis of $535 and a fair market value of $652 to a corporation in exchange for stock with
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Answer: $438

Explanation:

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Therefore, Antoine's tax basis in the stock received in the exchange is $438.

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Question 1(Multiple Choice Worth 10 points)
san4es73 [151]

Answer:

Option A, Increased mental stress

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c) Post stress disorder

d) Anxiety

Hence, option A is correct

8 0
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