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Svetlanka [38]
3 years ago
5

Demonstrate the required adjusting entry needed to record a $1,000 note receivable collected by the bank by choosing the correct

entry below. Debit Cash $1,000 and credit Accounts Receivable $1,000. Debit Cash $1,000 and credit Notes Receivable $1,000. Debit Notes Receivable $1,000 and credit Cash $1,000. Debit Cash $1,000 and credit Notes Payable $1,000.
Business
1 answer:
MrRissso [65]3 years ago
5 0

Answer:

Debit Cash $1,000 and credit Notes Receivable $1,000.

Explanation:

The adjusting entry is shown below:

Cash Dr $1,000

    To Notes receivable $1,000

(Being the note receivable collected by the bank is recorded)    

While recording the transaction, we debited the cash account as it increases the cash balance and credited the note receivable.

Hence, the second option is correct

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Given the list of accounts below, identify which of them would appear on a balance sheet. (Check all that apply.)
aksik [14]

Answer:

(A) Accounts Payable - Liabilities

(D) Equipment  - Assets

(E) Supplies  - Assets

(F) Retained earning - Owner's Equity

(H) Cash  - Assets

Explanation:

The major categories in a balance sheets are: Assets, Liabilities and Owner's Equity,

Assets are many things (as equipment, machinery, Receivables, etc)  that belongs to the company, please see details in the answer.

Liabilities represent the obligations of the company with all kind of creditors.

And finally Owner's Equity it's the Capital that support part of the Assets along with the Liabilites.

4 0
3 years ago
Emilio and lara have two children who are enrolled full-time at their state college, wyatt, who is a freshman and deidra, who is
amid [387]
According to The American opportunity tax credit (AOTC<span>) Each student could </span>get a maximum annual<span> credit of $2,500 per eligible student.
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3 0
3 years ago
Read 2 more answers
In 2005, BridgePort Brewing Company expanded sales of its BridgePort India PaleAle, and BridgePort Black Strap Stout into Alabam
solmaris [256]

Answer:

C- resource planning

Explanation:

“Resource planning is the act of allocating and utilizing resources (people, machinery, tools, rooms etc) to achieve maximal efficiency of those resources” (Ganttic, 2015). This management function plans the inputs needed for operations and ensures that they are always available for the daily functioning of the organisation and its different units. the resource planning unit would ensure that the required numbers for production and distribution are met.

5 0
3 years ago
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Despite trade restrictions, international business is a. struggling for survival. b. decreasing. c. slowing down. d. moving slow
vlabodo [156]

Answer:

The answer is e. growing

Explanation:

The reason international business will continue to grow is because no nation can meet all its needs by itself. There will always be importation and exportation. This is where Comparative Advantage comes in.

What is comparative advantage?

  • Simply put, this is the ability of a company or an economy to produce and sell goods and services at a lower price than its competitors, and still realize a larger sales margin. This theory was introduced by the English political economist David Ricardo in 1817.

Another reason why international trade will continue to grow is because of Absolute Advantage.

  • Absolute advantage refers to the ability of an economy or a company to produce more or better goods and services than its others.

Let us assume that country A cannot produce its own oil, but country B can. In this scenario, country B has Absolute advantage over country A, therefore country A will naturally import oil from country B regardless of whether there are trade restrictions between them. This is because country A must fulfill its oil needs whether it likes it or not.

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Here your picture!yay
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very pretty but dont have that money :(

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