The correct actions to show the journalized transaction of the sale of the piece of land by ABC Co. are:
- 1. 4,000 is entered in the cash dr column
- 2. sold land is entered in the explanation column
- 3. 4,000 is entered into the other accounts cr column
- 4. land is entered into the accounts credited column
<h3>How to record the sale of the land?</h3>
When land is sold, as ABC Co just did, the cash account is to be debited by the amount the land was sold for. This is because cash is increasing from the sale and so, like normal assets, will be debited to show an increase.
Land will be credited with the value of the land which is $4, 000. This shows that the land is no longer owned by the company and like other assets, when an asset leaves a company, it is credited.
Find out more on recording the land at brainly.com/question/20714023
#SPJ1
<span>The answer would be false. Alcohol and Drug abuse certainly physically affects only the user, but when it comes to mental, emotional, and financial aspects alcohol and drug abusers affect the people around them, their families, and in extension, society also. That is why alcohol and drug abuse is considered a public health issue as it affects many people apart from the user himself/herself. </span>
A symbolic interactionist would be most interested in the relationship and nature of day-to-day exchanges between the two groups.
Symbolic interaction is a theory or a school of thought in sociology that explains social behavior in terms of how people interact with each other through symbols. The theory was formulated by Blumer in 1969, it states that people develop subjective interpretations of events based on their social interactions.
Answer:
Present Value= $978.83
Explanation:
Giving the following information:
An investment will pay $150 at the end of each of the next 3 years, $100 at the end of Year 4, $400 at the end of Year 5, and $450 at the end of Year 6.
i= 0.09
We need to use the following formula:
PV= FV/(1+i)^n
For example:
Year 1= 150 / 1.09= 137.61
Year 4= 100/1.09^4= 70.84
Year 6= 450/1.09^6= 268.32
PV= 978.83
