Answer:
Explanation:
DATE Account AccountsPayable OfficeSupplies OtherAccounts
Credited credit debit debit
Apr. 4 Officemate $620 $610 no entry
Apr. 9 Tek Village $2,460 $2,460
Apr. 16Officemate $170 $170 no entry
Apr. 19 Paper to Go $250 $250 no entry
Apr. 30 Total $3,500 $1050 $2,460
b. Total amount posted / credited to accounts payable= $( 620+2,460 + $170 + 250) = $3500
Total amount from and debited from Office supplies = $(610 + 170+ 250) = $1050
What is the April 30 balance of the Officemate Inc. creditor account assuming a zero balance on April 1?
$ __170____ ie $ 610 + 170 - 610( because invoice on April 4th was paid on April 27th.
Answer:
(1) Short run - (A)
(2) Immediate run - (B)
(3) Long run - (C)
In a short run, all the changes occur in an economy are for shorter time period and buyers have little time to respond to these changes. Hence, the demand curve is elastic in nature.
In an immediate run, there will be no time for the consumers to respond to the changes occur in an economy. Suppose there is an increase in the prices of the goods, as a result there will no changes occur in the quantity demanded. Hence, the demand curve is inelastic, means that there is no effect on quantity demanded.
In a long run, there is enough or more than enough time for the consumers to respond to the changes. Hence, the demand curve is elastic in nature.
The last one seems just right as it doesn’t fit into the budget industry
Any time patients state that they receive Medicaid, they must present a valid Medicaid identification card because eligibility, in many cases, will rely upon the patient’s Monthly income.
<h3>What is Medicaid?</h3>
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Answer:
- Credit to Accounts Receivable
- Debit to Cash
Explanation:
Accounts Receivable is an asset account that represents the cash owed to the company by customers who bought goods or services on credit.
When the credit is paid, the accounts receivable account will reduce and so will be credited because assets are credited when they reduce.
Cash on the other hand will be debited to show that it has increased as assets are debited when they increase.
