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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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7 0
3 years ago
Cubie Corporation has provided the following data concerning its only product: Selling price$97per unit Current sales 10,300unit
SOVA2 [1]

Answer:

the  margin of safety in dollars is $129,883

Explanation:

The computation of the margin of safety in dollars is given below:

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Explanation:

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Which type of fiscal policy takes longer to affect the economy: demand-side or supply-side?
11Alexandr11 [23.1K]

Answer:

A.) supply-side

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Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.

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A supply-side economist can be defined as economists who believes that the ability and willingness of the producers of goods and services to manufacture or produce sets the pace for the economic growth of a country.

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