Answer:
Dr Office equipment 31,700
Cr cash 7,600
Cr Accounts payable 24,100
Explanation:
Preparation of the journal entry for the purchase of office equipment on February 19
Based on the information given the if asset was purchased on February 19 for the amount of $31,700 in which the company paid the amount of $7,600 cash and the remainder on account which means that the journal entry will be:
February 19
Dr Office equipment 31,700
Cr cash 7,600
Cr Accounts payable 24,100
(31,700-7,600)
Answer:
North Korea - Command Economy.
Explanation:
In Command Economy, the government control all means of production. The citizens have no power to actually make efforts to own these resources.
To proof it, we can refer to the economic freedom ranking that was created by Heritage Foundation. From all 180 countries included in the ranking, north Korea placed at the very bottom.
The Government of North Korea have total control of the economy. They determine what products should be made, what type of jobs the citizens can held, and how those resources should be distributed among the people.
Answer:
D. capital
Explanation:
because its only capital and has nothing to do.. we just can spell it.. but not to provide all of the household provide
Answer:
Shortages of building materials and a slower recovery from the storm
Explanation:
From the question we are informed about an instance, whereby a hurricane hits Alabama, causing widespread damage to houses and businesses. The governor of Alabama places price ceilings on all building materials to keep the prices reasonable. In this case,what most likely result is Shortages of building materials and a slower recovery from the storm.
From law of demand, which expressed that provided other factors remain equal, when price of a good goes higher, then there would be less demand of that good from
people and vice versa. higher price brings lower the quantity demanded, and lower price brings higher the quantity demanded, therefore in the case, above as the price of ceilings on all building materials so that price becomes reasonable people demand more and it leads to Shortages of building materials
Answer:
Bob’s realized gain on the sale is $55,000,
Explanation:
The first step is to find the Book Value of the Rental Property Sold.
<u>Book Value of the Rental Property Sold.</u>
Cost $260,000
Less Accumulated Depreciation ($37,000)
Book Value $223,000
Gain or Loss on Sale = Selling Price - Cost of Sale (Book Value) - Other Selling Expenses
= $290,000 - $223,000 - $12,000
= $55,000
<u>Conclusion :</u>
Bob’s realized gain on the sale is $55,000,
