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Volgvan
3 years ago
14

Assume the following adjustment data.

Business
1 answer:
Lunna [17]3 years ago
8 0

Answer:

                                    Adjusting Entries

      Date    Accounts titles and Explanation     Debit   Credit

1.                  Supplies expense                            $500

                           Supplies expense                                  $500

2.                  Insurance expense                          $300

                              Prepaid Insurance                                $300

3.                   Depreciation expense                     $ 70

                                Accumulated depreciation                 $70

                                 - equipment

4.                    Unearned service revenue             $500

                                   Service revenue                                $500

5.                     Accounts receivable                      $200

                                   Service revenue                                $200

6.                      Interest expense                            $90                            

                                   Interest payable                                  $90

7.                      Salaries and wages expense        $1,700

                                   Salaries and wages payable               $1,700

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70 tickets were sold to student and 130 tickets were sold to adults

Explanation:

Let the number of tickets purchased by students be "X" and the number of tickets purchased by adults  be "Y"

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X + Y = 200\\ ------Eq (1)

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What are the criticisms of fiscal policy
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One of the things that the government can do to reduce the inflation is by selling government bonds to the public. These bonds can be bought by companies from another countries. This will strengthen that country's influence over US economy.

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Government in United States were reshuffled between 2-4 years. While the effect of fiscal policies could need more than 10 years before it actually can be felt.  Sometimes, fiscal policies taken by previous government could create a deficit that had to be handled by the next government after the election.

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