1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
umka21 [38]
3 years ago
13

June 1 Sheldon Cooper invests $4,000 cash in exchange for shares of common stock in a small welding business. 2 Purchases equipm

ent on account for $1,200. 3 $800 cash is paid to landlord for June rent. 12 Bills P. Leonard $300 after completing welding work done on account.
Business
1 answer:
algol [13]3 years ago
4 0

Answer:

Transactions:

1. June 1 Monthly invests $4,000 cash in exchange for shares of common stock in a small welding business.

2. June 2 Purchases equipment on account for 1,200.

3. June 3 $800 cash is paid to landlord for June rent.

4. June 12 Bills P. Leonard $300 after completing welding work done on account.

Journal Entries:

1.

June 1              Dr.      Cr.

Investment   $4,000

Cash                          $4,000

2.

June 2              Dr.      Cr.

Equipment     $1,200

Account Payable       $1,200

3.

June 3                Dr.        Cr.

Rent Expense   $800

Cash                               $800

4.

June 12                                Dr.        Cr.

P. Leonard (Receivable)     $300

Welding Service Revenue              $300

You might be interested in
Several legal steps must sometimes be taken before a creditor can have his outstanding debt satisfied through the sale of the de
bagirrra123 [75]

Answer:

B) writ of persecution

Explanation:

According to my research on different legal requirements, I can say that based on the information provided within the question the only step that is not part of this process is writ of persecution. This is because a "writ of persecution" is a  written order of the court to persecute a person, since there is no mention of such a thing in the question we can say that this is not part of the process.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
Diversification is important in investing because...
Alenkinab [10]

Diversification is important in investing because "It helps you to balance your risk across different types of investments".

Explanation:

Diversification is a risk management approach that includes investing beyond or within various asset types to depreciate the ups and downs of economic exchanges. In different terms, diversification is thereby not owning all your eggs in one basket. Diversification goes by expanding properties beyond and within various asset types. Because asset types have their own individual financial rounds, when one class is making substantial profits, another may not be functioning as well. By expanding your purchases beyond and within distinct asset categories you’ll be in an immeasurable situation to offset the buoyancy of unique expenses.

8 0
3 years ago
Read 2 more answers
Which of the following is not an economic goal that influences how societies answer the three key economic questions?
Nadya [2.5K]

I believe the answer is: D. patriotism


Patriotism is the act of showing vigorous support to our own country . The support that shown in patriotism does not revolve around financial decision, but more to how our country is perceived in its foreign nation relative to the other countries.

5 0
3 years ago
Read 2 more answers
For the first time in two years, Big G (the cereal division of General Mills) raised cereal prices by 4 percent. If, as a result
Ira Lisetskai [31]

Answer:

the coefficient of elasticity is 0.5. Thus, demand is inelastic.

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price  

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Price elasticity = 2/4 = 0.5

Because demand is less than1, big g has an inelastic demand.

5 0
3 years ago
If the price of pepsi-cola increases from 50 cents to 60 cents per can and the quantity demanded decreases from 100 cans to 50 c
rosijanka [135]
This type of demand is classified as autonomous demand. Autonomous demand does not depend on other products but is due to increase in consumer usage by natural desire. This type of demand is relative to the needs of the consumer.
4 0
3 years ago
Other questions:
  • There are several ways to file pending insurance claims. what is the best way to file so that timely follow-up can be made?
    10·1 answer
  • Al-qaeda linked units have shifted much of their focus from the middle east to africa. this is the case especially of the recent
    9·1 answer
  • Identify whether or not each of the following scenarios describes a competitive market, along with the correct explanation of wh
    15·1 answer
  • It is Micah's role at the company to plan, organize, and control the functions within the human resource department. Based on th
    15·1 answer
  • the probabilities that stock A will rise in price is 0.61 and that stock B will rise in price is 0.39. Further, if stock B rises
    5·1 answer
  • A sample of 40 individuals at a shopping mall found that the mean number of visits to a restaurant per week was 2.88 with a stan
    6·1 answer
  • To find the net worth of a company, liabilities are subtracted from assets true or false
    7·1 answer
  • Which would be processed as an exception to the payment rate typically calculated according to the Federally Qualified Health Ce
    14·1 answer
  • You make a salary of $75,000 per year, and are to be given a bonus in stock options for this past year's work. You are to
    15·1 answer
  • sunland corporation currently manufactures a subassembly for its main product. the costs per unit are as follows: direct materia
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!