Answer:
to record Decker's investment:
Dr Cash 45000
Cr Decker, Capital 45000
to record Rosen's investment:
Dr Land 10,000
Dr Building 75,000
Cr Rosen, Capital 85,000
to record Toso's investment:
Dr Cash 10,000
Dr Accounts Receivable 27,000
Dr Equipment 14,000
Cr Allowance for Doubtful Accounts 2,700
Cr Toso, Capital 48,300
total owners' equity = $178,300
An economist would conclude that when goods are not rationed by monetary price or lottery, other rationing mechanisms like waiting arises.
Here, many people were willing to wait for more than two hours to see the rare flower. The visiting was arranged in such a way that first come, first see. The rareness of the flower made no option but to wait in line to see it.
In an economist's perspective, he will compare the flower to the goods. There is rationing for food through monetary and lottery mechanisms. But if there were no mechanisms like this, then waiting will be the only way to consume goods. Here, because the flower was rare, it cannot be rationed by price. But we are still able to ration goods by price. If someday, there will be lack of goods, then the only rationing mechanism we could opt will be waiting in lines.
Learn more about rationing mechanisms at brainly.com/question/14938189
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Answer:
I believe it us c but I'm stuck between c and D
after some searching the answer is c
I think the correct answer from the choices listed above is option B. A focused market would not be one of the factors that is <span>required to charge for online content. Since the market is already available and is always there. Hope this answers the question. Have a nice day.</span>
Answer:
Explanation:
The journal entry to record the bad debt expense is shown below:
Bad debt expense A/c Dr $19,340
To Allowance for doubtful debts $19,340
(Being estimated uncollectible amount is recorded)
For recording this journal entry, we debited the bad debt expense account and credited the Allowance for doubtful debts so that the amount is correctly recorded in the correct item.
