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Answer:
The expenses can be recorded as follows;
Debit to the expenses of $33,000 and a credit to the cash account of $33,000.
Explanation:
The accounting equation is an equation that tends to balance a company's assets on one side and the sum of its liabilities and shareholders equity on the opposite side of the equation. It form the basis for the double-entry system in accounting that includes an accounts debit and credit. The debit is a sum to an amount that is owed, it is usually listed on the left hand-side of an account while the credit is a listing of a sum that is received usually on the right hand side of an account.
In the case of Michael Barry, the accounting equation;
Assets=liabilities+stockholders equity
Assets=$126,000
Liabilities=$74,000
Stockholders equity=$52,000
liabilities+stockholders equity=74,000+52,000=$126,000
The assets equals the sum of the liabilities and stockholders equity.
To record expenses paid of $33,000;
Debit Credit
Expenses $33,000
Cash $33,000
This is the process! have a good day!
Employee healthcare , hiring employee increeccing profit
Answer: hello the video related to your question hence I will provide a general answer based on the scope of the question.
answer :
Socialism
Explanation:
The Chinese economic model since the early 1980s is commonly referred to as Socialism with Chinese characteristics
Socialism with Chinese Characteristics is a set of political theories been adapted by the Chinese to fit in into the Chinese circumstance and around this period ( early 1980s ) i.e. Boluan Fanzheng period
