Answer: $3,672,500
Explanation:
Based on the information given in the question, the debit to cash in the journal entry to record this transaction will be:
= $3,250,000 - ($3,250,000 × 4%) + ($3,250,000 × 9%)
= $3,250,000 - $130,000 + $292,500
= $3,672,500
Therefore, the debit to cash will be $3,672,500.
Answer:
True
<h3>
What is an Information system?</h3>
- An Information System (IS) is a set of interrelated components that work together to collect, process, store, and disseminate information to support decision-making.
- They also support the coordination, supervision, analysis, and visualization of an organization.
To learn more about it, refer
to brainly.com/question/25689052
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Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
- $9,000
Explanation:
Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.
These changes in working capital would be adjusted
So, the cash effect would be
= - Increase in accounts receivable - increase in inventory - decrease in account payable
= - $1,000 - $5,000 - $3,000
= - $9,000
The accumulated depreciation is not a part of the working capital. Hence, ignored it
