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Zielflug [23.3K]
3 years ago
8

If a two-column (all-purpose) general journal, a revenue journal, and a cash receipts journal are used, indicate the journal in

which each of the following transactions should be recorded: (a) Investment of additional cash in the business by the owner.(b) Rendering of services for cash.(c) Rendering of services on account.(d) Receipt of cash on account from a customer.(e) Sale of office supplies for cash, at cost, to a neighboring business. (f) Adjustment to record supplies used at the end of the year.(g) Closing of drawing account at the end of the year.
Business
1 answer:
Nutka1998 [239]3 years ago
3 0

Answer:

Explanation:

A. Investment of additional cash into the business by owner is recorded in the general Journal

B. Rendering service for cash is recorded in the cash receipt Journal

C. Rendering of service on account is recorded in the revenue journal

D. Receipt of cash on account from a customer is recorded in the cash receipt Journal

E. Sale of office supplies for cash, at cost, to a neighboring business is recorded in the general journal

F. Adjustment to record supplies used at the end of the year is recorded in the general journal

G. Closing of drawing account at the end of the year is recorded in the general journal

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Answer:

the size of M1 can only be a fraction of checkable deposits.

Explanation:

fractional reserve banking system requires that a fraction banks receive as deposits from customers be kept as reserves with the central bank and the rest be made out as loans.

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Answer:

Actual Yiel to maturity is 9.3%

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Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]

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Yield to maturity = [ $40 + $43 ] / $892.5  = $83 /$892.5 = 0.0645 = 0.093%

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Answer:

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