<span>Let amount invested at 9% be "x"; Interest on this is 0.09x dollars
Amt. invested at 10% is "15000-x" ; Interest on this is 0.1(15000-x)=1500-0.1x
dollars
EQUATION:
interext + interest=1432 dollars
0.09x + 1500-0.10x = 1432
-0.01x = -68
x=$6800 (amt invested at 9%)
15000-6800=$8200 (amt invested at 10%)</span>
Answer:
B would be the correct and most logical answer.
Money in the United States of America is essentially a debt of: the Federal Reserve System and the banks.
<h3>What is the Federal Reserve System?</h3>
The Federal Reserve System is also referred to as the "Fed" and it was enacted into law by the Federal Reserve Act on the 23rd of December, 1913 by the U.S Congress. Also, it is just like all central banks and as such, it's considered as a United States government agency.
Basically, all the money in the economy of the United States of America is essentially a debt of the Federal Reserve System and all the chartered banks.
Read more on Federal Reserve here: brainly.com/question/23787400
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Answer:
Beluga's year-end balance in Allowance for Bad Debts is $1800
Explanation:
Given that the beginning of the year, Allowance for Bad Debts had a credit balance of $1,000. During the year, Beluga wrote off uncollectible receivables of $2,500. To do this, a debit would have been passed to Bad Debts Expense and a credit to receivable.
If the Bad Debts Expense amounted to $3,300 then the additional $800 ($3,300 - $2,500) would have been as a result of additional allowances for bad debt which would have been passed as a credit to Allowance for Bad Debts $800 and a debit to Bad Debts Expense $800.
This would make the total debits or balance in the Bad Debts Expense to $3,300 (2500 + 800) while the balance in the Allowance for Bad Debts would be $1800 made up of the opening balance of $1000 and the $800 posted during the year.
