1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nonamiya [84]
4 years ago
9

Montgomery equipment rental company received​ $1,000 cash from a​ customer; the amount was owed to the business from the previou

s month. what is the effect of this transaction on the accounting​ equation?
Business
1 answer:
Zanzabum4 years ago
8 0

The correct answer is that this payment will have no effect on the accounting equation.

The accounting equation is Assets=Liabilities + Owner’s Equity. The journal entry for this transaction will be a debit to Cash and a credit to Accounts Receivable for $1,000. Since both of these accounts are Assets there will be no change to the asset balance.

You might be interested in
Brooke's Boutique sells clothing from around the world in the United States. Brooke regularly travels overseas to find the best
Step2247 [10]

Brooke is an importer.

<h3>Who is an importer?</h3>

An importer is a person who brings in foreign goods from other countries into another country. For example, if a person buys electronics from China and brings them to the US, the person is an importer.

Importing reduces the value of the gross domestic production of the country the good is imported to. This is because import is a negative function of GDP.

To learn more about import, please check: brainly.com/question/9509216

3 0
3 years ago
Transactions for Pharoah Company for the month of June are presented below. June 1Issues common stock to investors in exchange f
Semmy [17]

Answer:

<em>The transactions have been journalized in the explanation.</em>

Explanation:

Jornalization of a transaction is the listing of credit and debit transaction of a company in the order of the time that they were carried out. The journal of the transactions of Pharoah Company is contained in the attached pdf.

Download pdf
8 0
3 years ago
To help herself remember the items she was to get from the market, Anna repeated the five-item list over and over under her brea
pickupchik [31]

Answer:

rehearsal

Explanation:

This information processing strategy is best referred to as a rehearsal.

Repeating the same thing over and over again helps to memorize and gain mastery of a particular detail or concept.

  • For Anna, rehearsing the item list helps her to process and hold on to the bits of information she has better.
  • Other information processing strategy are organization, elaboration, mnemonic, systematic searching.
  • They all serve various needs based on the information to be processed.
8 0
3 years ago
Grievances are official complaints made by employees regarding an issue that they feel is wrong or unfair. Grievances are usuall
sesenic [268]

Answer:

Mediator

Explanation:

Mediation is sad to be Neutral third party in dispute settlement. The mediator is saddle with the responsibility by assisting the disputing parties to reach their own agreement.

Mediator role is to analyze and asses critical situations and design intervention to cancel or fault the causes of conflict.

Grievance Mediation is a type of mediation used to settle conflict, grievance or disagreement in relation to union grievances in an organized labor setting.

Advantages of Grievance Mediation includes high settlement rates, high satisfaction, facilitates communication and others.

4 0
3 years ago
Brown Fashions Inc.'s December 31, 2018 balance sheet showed total common equity of $4,050,000 and 290,000 shares of stock outst
gtnhenbr [62]

Answer:I think it would be 1,4568

Explanation:

Hopefully I am right

7 0
4 years ago
Other questions:
  • Can someone please help me
    8·1 answer
  • The following information is taken from Reagan Company's December 31 balance sheet:
    6·1 answer
  • Identifying the Parts of the Cost Formula; Calculating Monthly, Quarterly, and Yearly Costs Using a Cost Formula Based on Monthl
    5·1 answer
  • A company has total fixed costs of $180,000 and a contribution margin ratio of 30%. How much sales are necessary to break even?
    5·1 answer
  • Nthanda Corporation has just completed a physical inventory count at year end, December 31, 2020. Only the items on the shelves,
    14·1 answer
  • Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 5% charge on sales for using its c
    6·1 answer
  • On January 1, 2020, Grand Haven, Inc., reports net assets of $790,800 although equipment (with a four-year remaining life) havin
    12·1 answer
  • Madeline purchased 8 songs on iTunes for $1.29 each. What was the total amount she spent?
    10·2 answers
  • How to write email asking for further details and paying procedure
    8·1 answer
  • Underperformance relative to other firms in the same industry or the industry average results in a(n) ________ for a firm. Group
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!