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
lilavasa [31]
3 years ago
13

Journalize the following five transactions for Nexium & Associates, Inc. Omit explanations.

Business
2 answers:
-BARSIC- [3]3 years ago
8 0

Answer:

Nexium & Associates Journal entries

March 1

Dr Accounts Receivable800

Cr Service Revenue 800

March 9

Dr Office Furniture1,060

Cr Office Supplies 160

Cr Accounts Payable1,220

March 15

Dr Accounts Payable1,220

Cr Cash1,220

March 23

Dr Electricity Expense430

Cr Accounts Payable430

March 31

Dr Salaries Expense850

Cr Cash850

Explanation:

The details given about Nexium & Associates are straight forward and required no further

adjustment.

marshall27 [118]3 years ago
8 0

Answer:

Explanation:

Journal to record the five transactions for Nexium and Associates, Inc.

Account Particulars            Debit                     Credit

March 1  

 Accounts Receivable             $800  

 Services Revenue                                                    $ 800  

March 9

Office Furniture                  $1,060  

 Office Supplies                        160  

Accounts Payable                                                       1,220  

March 15.  

Accounts Payable               1,220  

Cash                                                                                 1,220  

March  23.  

 Electricity Expense             $430  

 Accounts Payable                                                      $430  

 

March 31

Salaries Expense                $850  

 Cash                                                                           $850

You might be interested in
A decrease in economic activity and the subsequent cutbacks in production that results in employees being laid off leads to
Elena L [17]
In cases where an organization decrease it economic activity and have major cutbacks, it is expected that employees will be laid off. Laying off may lead to an increase of unemployment rate in a certain country in which it will have bigger scale of effects in taxes, bills to pay and as especially if they have families or dependents.
6 0
3 years ago
Read 2 more answers
Assume that the Texas legislature is not in session and the economy has gone into recession. What must occur before legislators
Vadim26 [7]

Complete question:

Assume that the Texas legislature is not in session and the economy has gone into recession. What must occur before legislators can act to reformulate policy

A. The legislature as a body must wait for the comptroller to decertify the budget.

B. The legislature must wait for a special session to be called.

C. The legislature must wait for economic conditions to deteriorate to a point where a constitutional provision allowing deficit spending kicks in.

D. The legislature must wait until the federal government increases monies for state governments.

Answer:

The legislature must wait for a special session to be called.

Explanation:

Once the Texas legislature passes a budget and the governor has acted, after 6 months does the budget go into effect.

The Texas legislature passed a law that requires that an agency take a specific action in order to solve a problem. At formulation stage of the policy making process did the passage of this law occur

A special session (also a exceptional session) in a parliamentary term is a time when the assembly meets outside the usual legislative session. Anyone holding a special meeting would be subject to different requirements, such as by a legislative vote in a normal session, the president, or the presiding officer of the legislature.

6 0
3 years ago
An independent firm that offers connections and Electronic Data Interchange (EDI) transaction forwarding services to buyers and
weeeeeb [17]

Answer:

Value Added Network

Explanation:

Value Added Network -

It is the service , which is provided by some private firm , so that the company have a secure way to share the data , is referred to as value added network , VAN .

It is the most common method for the movement of the electronic data interchange ( EDI ) , in between two firm or companies .

Hence, from the given information of the question,

The correct term is Value Added Network VAN.  

3 0
3 years ago
What factor is usually agreed upon prior to the submission of a purchase order?
tester [92]

Answer:

number of products to be purchased

Explanation:

A purchase order is prepared by a customer and addressed to a trader.  The document instructs the trader to supply the customer with the goods stated in the purchase order document.

Before a customer writes the purchase order, an agreement is made on the quantity to be ordered. The trader has to confirm that they have the required quantity in the stores, or it will be availed within a reasonable time.

The price is agreed at the quotation stage. The customer first sends an inquiry, which the customer responds to with a quotation.

4 0
3 years ago
Developing a new automobile requires the services of many types of experts such as design and electronics engineers, procurers,
sashaice [31]

Answer: Boundaryless organization

Explanation:

Boundaryless organization is an organization that is not hindered or limited by boundaries created through established structures.

It could also mean an organization whose operation is not confined to a particular location or the confine of their office complex.

The idea of boundaryless organization was first conceptualized by Jack Welch who wanted to eliminate any form of barrier (both internally and externally) in the way General Electrics carried out its operations.

•Note that in order to achieved the concept of a boundaryless organization, flexibility and adaptability must be considered.

•Latest technology for getting work done must also be adopted over traditional mode of operation

3 0
3 years ago
Other questions:
  • You have the opportunity to invest in several annuities. Which of the following 10-year annuities has the greatest present value
    5·1 answer
  • 3. Earning of profit is regarded as the main objective of business? Explain by giving any 3reasons
    11·1 answer
  • A(n) ______ is a type of compensation arrangement where an agency charges a client a fixed monthly amount of money for all of it
    14·1 answer
  • If a currency such as the​ US$ is traded in a competitive​ market, a(n)​ ________ in demand for the​ US$ ________ the price of t
    13·1 answer
  • The following information is available for Sunland Company:
    7·1 answer
  • Girls between the ages of 8 and 15 are one of the growing markets for high-end shoe manufacturers, and podiatrists say the trend
    13·1 answer
  • What is morale? apparently the question was too short so this is filler
    15·1 answer
  • Taxes represent __________ of the business. Multiple Choice an equity liability a cash inflow a cash outflow an accounts receiva
    13·1 answer
  • Karla is working in Microsoft Excel, and she needs to copy data from one spreadsheet into another. The cells she wants to copy c
    12·1 answer
  • Matt's factory rents equipment and hires students to produce sports bags. Compare the outputs at which Matt's AVC and ATC curves
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!