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ahrayia [7]
3 years ago
9

Record and analyze installment notes (LO9-2)

Business
1 answer:
djyliett [7]3 years ago
3 0

Answer:

January 1, 2021, building purchased

Dr Building 420,000

    Cr Cash 100,000

    Cr Notes payable 320,000

Explanation:

The building account (asset) must be recorded at the purchase cost. The mortgage is considered a note payable (long term liability), while the cash account (asset) decreases, therefore, it must be credited.

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About how many people in the u.s. claim arab ancestry?
jenyasd209 [6]

About three million people in the u.s. claim Arab ancestry

Who are Arabs?

  • A sizable ethnic group, the Arabs are also referred to as the Arab people, and they are mostly found in the Arab world, which includes parts of Western Asia, North Africa, the Horn of Africa, and the western Indian Ocean islands (including the Comoros).
  • A sizable number of Arabs have also emigrated to other parts of the world, including the Americas, Western Europe, Turkey, Indonesia, and Iran.
  • The word "Arab" is often used in modern contexts to describe people who are both speakers of Arabic and members of that ethnic group.
  • Arabs are also referred to as a socio-ethnic group in a source that contrasts Arabs in Europe with other socio-ethnic communities.
  • This contrasts with the more limited conventional meaning, which only refers to the offspring of Arabian tribes.

To learn more about Arab, refer to the following link:

brainly.com/question/7414837

#SPJ4

4 0
2 years ago
What's of the following is true statement about a 401k​
Effectus [21]
Is A retirement saving plan sponsored by an employer
4 0
3 years ago
All of the following bank reconciliation items would result in an adjusting entry on the company's books excepta. interest earne
Olin [163]

Answer:

b. deposits in transit

Explanation:

Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smooth manner.  

There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.

The adjusting entry of interest earned is

Cash A/c Dr

     To Interest income A/c

(Being interest is earned)

Likewise, for The fee for collection

Bank charges A/c

     To Cash A/c

(Being fees is charged)

And for NSF check of customer, it would be

Account receivable A/c Dr

          To Cash A/c

(Being the adjusting entry is made)

So, for this the adjusting entry is made but for Deposit in transit , no adjusting entry would be made.

6 0
3 years ago
The Atlanta Journal-Constitution is an example of _________ because it is an organization that use technological channels to dis
AVprozaik [17]

A daily newspaper is The Atlanta Journal-Constitution, a company that uses technological channels to disseminate information with the aim of establishing and sustaining an audience.

<h3>What is the Atlanta Journal-Constitution?</h3>

The Atlanta Journal-Constitution is the only significant daily publication. It serves as Cox Enterprises' flagship publication.

The Atlanta Journal-Constitution, a daily newspaper, uses technological platforms to disseminate information in an effort to build and maintain an audience.

Learn more about the daily newspaper, refer to:
brainly.com/question/8059438

#SPJ1

5 0
2 years ago
How much money does a Sales Agent make?
Flauer [41]

Sales Agent makes an average income of nearly 67,000 dollars approximately per year

<u>Explanation:</u>

Sales agent performs the duty of selling and distributing the products to the customer. They also provide complete services regarding the products and duly take the responsibility in clearing an issue in the product.

Sales Agents perform various roles such as;

  • Provides a complete description regarding the product along with its feature.
  • Interact with business officials for future sale agreements.
  • Maintains a friendly relationship with their customers.
  • Progress towards rapid growth in selling more products.
7 0
3 years ago
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