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anzhelika [568]
3 years ago
8

Toys R Fun purchased $4,000 of merchandise for resale and paid immediately. To record this transaction, Toys R Fun's accountant

would debit the __________ account and credit the _________ account.
Business
1 answer:
mojhsa [17]3 years ago
8 0

Answer:

Debit Merchandise Inventory and Credit Cash

Explanation:

You made a purchase of merchandise that was paid now so that would increase your merchandise inventory.  Cash is credited because you paid them cash and you cash account decreased.

You might be interested in
An investor has sold 1 ABC Jan 50 Call and has bought 1 ABC Apr 60 Call. This is a:________.
Kitty [74]

Answer:

diagonal spread

Explanation:

Spread is basically a sale and purchase of a call. So here the the types of spreads determine the relationship between the strike price and the expiration dates of all options involved in the trade.

In this example investor has sold 1 ABC Jan 50 Call and has bought 1 ABC Apr 60 Call. This means he bought the option ABC with the longer expiration date and with a higher strike price and sold the option ABC with the near expiration date and the lower strike price. Here both the expiration and strike price are different. So this is an example of diagonal spread.

The option horizontal spread is incorrect because it is a spread that depicts the difference in expiration dates but strike price is the same. Here both the expiration and strike price are different.

The option straddle is incorrect because it is a spread in which both options have the same expiry date and same strike price. Here both the expiration and strike price are different.

The option dialogue spread is not a valid option too.

The option Combination is also suitable because this is an example of Combination and combinations include option spread trades such as vertical spreads, horizontal spreads, and diagonal spreads.

So the most suitable option is diagonal spread which is an example of Combination.

5 0
3 years ago
According to growth accounting studies, a country would achieve better results by promoting
sergij07 [2.7K]

Answer:

I dont really know i nee the points tho sorry hope you find help

Explanation:

6 0
3 years ago
Ben owns an ice cream shop. Last quarter's income was $9,000; his cost of goods was $575, and his total expenses were $5,000. Wh
rewona [7]

Answer:

$3,425

Explanation:

took the test

7 0
2 years ago
Dew wanted to create a campaign based on its core concept of diy. they ran multiple contests and created nations and communities
ruslelena [56]
By doing this, Dew was able to create a stronger bond with the customer and their brand. They already have brand awareness with their customers but now they are able to engage their customers by allowing them to have a "say" in their products. They are letting them design a product they would like to see on the market and become a part of the brand/company.
8 0
3 years ago
What is the vertical component​
MrMuchimi

Answer:

4.33 I guess

Explanation:

F=Fysin

F=5×sin60

F=5×√3

2

F=4.33

5 0
3 years ago
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