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3 years ago

12

To show a decrease in any asset on a T account, that entry must be made on the _____ Answers-Credit side, debit side or balance

side

1 answer:

fiasKO [112]3 years ago

7 0

Debit asset
Credit liability.

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First, add Accounts Payable—J. C. Hollings and Accounts Payable—Craft Bank from the

Dvinal [7]

12. After posting the journal entries to the ledger, the balance of the Cash account is <span>Credit $1,042.92.

13. </span>After posting the journal entries to the ledger, the balance of the Equipment—Store account is <span>Debit $4,500
</span><span>
14.</span>On May 3, the balance of the Equipment—Office account is <span>Debit $690
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15. T</span>he balance of the Accounts Payable—Bellhaven Bank account is <span>Debit $1,000</span>
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16. </span>After posting the journal entries to the ledger, the balance of the Supplies account is Debit $542.92

17. After posting the journal entries to the ledger, the balance of the Accounts Payable—Craft Bank account is <span>Credit $3,500

18. </span><span>After posting the journal entries to the ledger, the opening balance of the P. Woodsley—Capital account was unchanged.

19. The entry </span>you make in the Post Ref. column of the ledger to show that you posted the transactions from the journal is <span>J1

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Pretty sure I got all of them! Hope this helps!!

7 0

4 years ago

Read 2 more answers

Tamarisk Corp. purchased machinery for $347,400 on May 1, 2020. It is estimated that it will have a useful life of 10 years, sal

Grace [21]

Answer:

Explanation:

Purchase price = 347,400

Useful life = 10 years

Salvage value = 17,400

Production unit = 264,000

Unit produce = 29,580

Working hours = 25,000

Working hours used = 2,650

Workings

Depreciable amount = 347,400 - 17,400 = 330,000

1. Straight line depreciation = 347,400-17,400 /10

= 330,000 / 10 =33,000

2.Units of output = 29,580/264,000*330,000

= 36,975

3. Working hours method

2650/25,000*330,000 = 34,980

4.Sum of the years digit

Sum of the digits = 10(10+1)/2 =55

330,000 *10/55*4/12 +330,000*9/55*8/12 = 56,000

5 Declining balance at 20%

2020 = ( 347,400 *20%) = 69,480

2021 = 347,400 -69,480 * 20% =277,920 *20%

277,920 - 55,584 = 222,336

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3 years ago

Your department has been microfilming old records and paying for off-site storage for years. you are the health information mana

frutty [35]

In order to write the proposal, i will first count all the expense that should be paid for using both off-site storage and the computerized system.
After that, i will compare the cost to the benefit that the department will get if we're changing into the computerized system (such as larger space, faster processing, more secure, etc)

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3 years ago

According to Hurka, which action would produce the greatest net gain of intrinsic good in the world?

Katarina [22]

Intrinsic good is something worthwhile not because it leads to something else, but for its own sake alone. So the answer isTaking someone from +7 to +8.

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4 years ago

HELPPP ASAP ECON ?!!!!!!

sveta [45]

Answer:

C

Explanation:

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3 years ago