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hjlf
3 years ago
6

Coates Inc. experienced the following events in 2014, in its first year of operation: (1) Received $20,000 cash from the issue o

f common stock. (2) Performed services on account for $38,000. (3) Paid the utility expense of $2,500. (4) Collected $21,000 of the accounts receivable. (5) Recorded $15,000 of accrued salaries at the end of the year. (6) Paid a $2,000 cash dividend to the shareholders.Record the events in general ledger accounts under an accounting equation.

Business
1 answer:
Nata [24]3 years ago
7 0

Answer:

Explanation:

Please see attached file

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3 years ago
When Olga asks Sven if he wishes to sell his Harley motorcycle, he replies that he would not sell it "for less than $2,000." Olg
klemol [59]

Answer:

The correct answer is B. False

Explanation:

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3 years ago
Jax Recording Studio purchased $8,200 in electronic components from Music World. Jax signed a 90-day, 10% promissory note for $8
Hunter-Best [27]

Answer:

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6 0
3 years ago
In pursing its own interest, an oligopoly firm will decide to increase production by 1 unit as long as
tamaranim1 [39]

In pursing its own interest, an oligopoly firm will decide to increase production by 1 unit as long as the output effect is larger than the price effect. An oligopoly happens when there is limited competition because there are only a small number of producers or sellers in the market. Due to limited competition there is no need for most of these businesses to produce more unless the output is going to produce more and become sustainable for their consumers demand.

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2 years ago
What is one of the key goals of unions?
stealth61 [152]
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3 years ago
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