Answer:
MRCORRECT has answered the question
Explanation:
Fiat money has value because the government declares that it has value.
When starting a business, more women choose service industries that tend to have lower average sales levels. Those industries that do not directly produce tangible things are known as service industries (such as agriculture and manufacturing). The supply chain is the process through which items generated in the agricultural and manufacturing sectors are delivered to final customers.
Some service industries involved in this process include transportation, wholesale trade, and retail trade. Others are offered straight to customers. These include public administration, health care, education, information services, legal services, and financial services. Everything else falls under the category of service industries, which also includes banking, communications.
To learn more about industries, click here.
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A lot more than 100k I believe
I think now I’m present day that money is now being transferred online and email services I think cash for no longer be used in the future because the rise of technology and how everyone is now getting so used to it and depending on tech
It would be positive it would be more clear to people and for the younger generation to learn about but for the older generation it would be much harder and would be a negative affect on them since they didn’t use technology in their days and a lot of people are still used to cash
Answer:
The Journal entry is as follows:
On December 31, 2021
Interest Receivable A/c Dr. $147
To Interest revenue A/c $147
(To record the interest receivable)
Working notes:
Interest Receivable:
= Amount received × Annual rate of interest × Time period
= $3,600 × (14% ÷ 12) × 3.5
= $3,600 × 0.01167 × 3.5
= $147
