Debit Accounts Payable $4,500; credit Notes Payable $4,500.
<em>In this case, accounts </em><em>payable </em><em>which have credit will be replaced by Notes payable. Hence accounts payable will be debited and notes payable will be </em><em>credited</em><em>.</em>
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A transaction is a finished settlement between a buyer and a seller to change items, offerings, or economic belongings in go back for cash. The term is also generally used in corporate accounting. In commercial enterprise bookkeeping, this undeniable definition can get difficult.
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Primarily based on the alternative of cash, there are three sorts of accounting transactions, particularly coin transactions, non-cash transactions, and credit score transactions.
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Transaction process is a time period that refers to the adding, converting, deleting, or searching up of a record in an information record or database via coming into the information at a terminal or computer
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Learn more about transactions here:-brainly.com/question/1016861
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Answer:
a.
b.
C.No
Explanation:
Let X be the probability of a net gain.
a.Given that 
is a discrete random variable,
is its probability mass function defined as:
#for all 
.
b. Possible outcomes of X are 
. A win of $1 occurs when the gambler wins/loses the first bet but is successful in the next two. A win of -$1 occurs in the, if the gambler loses the first and second but wins 
or loses first and third but wins 
. The gambler wins -$3 if he loses all three bets.
c.No. The gambler has a more than 50% probability of winning. The winnings are however high risk and less than 
Answer: Total cost of the units completed and transferred out of the department was $229500.
Explanation:
Given that,
Total units were transferred out of the department during the month = 51,000
costs per equivalent unit for materials = $1.40
costs per equivalent unit for conversion costs = $3.10
Therefore,
Total cost of the units completed and transferred out of the department was:
= Total units transferred × costs per equivalent unit for materials + Total units transferred × costs per equivalent unit for conversion costs
= 51000 × $1.40 + 51000 × $3.10
= 71400 + 158100
= $229500
