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2 years ago

Name the accounts debited and credited for each of the following transactions.

Business

1 answer:

kumpel [21]2 years ago

6 0

Answer:

Explanation:

In this the golden rules of accounting applies, debit the receiver, and credit the giver, debit all expenses and credit all incomes and gains.

1. The journal entry is

Accounts Receivable A/c Dr

To Revenue

(Being work performed is recorded)

2. The journal entry is

Cash A/c Dr

To Accounts Receivable

(Being cash received from customer is recorded)

3.The journal entry is

Office supplies A/c Dr

To accounts payable

(Being office supplies purchased on credit )

4.The journal entry is

Gasoline A/c Dr

To Cash

(Being purchase of gasoline is recorded)

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Tpy6a [65]

Answer:

Review all the Markups and make the requiered changes

Explanation:

Track changes permits to edit a text before the final version its complete, then reviewing all the Markups made in the editing process is critical to define the final version of the text that then will be share.

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2 years ago

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Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,600 monthly. The contract currently sells for $117

Tanzania [10]

Answer:

The monthly return on this investment vehicle is 1.37%

Explanation:

A perpetuity contract is one which lasts forever, It does not any time limit. Live Forever Life Insurance Co will pay $1,600 for indefinite time on today's investment of #117,000.

Monthly return will be calculated using following formula:

Present value of Perpetuity = Perpetuity Received / Interest rate

$117,000 = $1,600 / r

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r = 1.37%

Monthly return on the perpetuity is 1.37% for this perpetuity.

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3 years ago

Terrence buys a new car for $20,000. The value of the car depreciates by 15% each year. If f(x) represents the value of the car

Lana71 [14]

<span>Hi there,

100% - 15% = 85%
85% = 85/100 = 0.85

This is your factor of depreciation
The power it is raised to equals the years
20,000 x 0.85^3
= <span>12282.5
</span>
I hope my answer has come to your help. Thank you for posting your question here in Brainly.

</span>

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2 years ago

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Which qualities will build an employer’s dependability and reliability on an employee?

Elan Coil [88]

Answer:

Being On Time.

Respects and Meets Deadlines.

Detail Oriented and Takes Initiative. ...

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3 years ago

Identify the type of process in business that includes purchasing materials and supplies used in manufacturing, managing invento

Sergio [31]

Answer: (D) Support process

Explanation:

The support process is one of the type of primary process that helps in determining the main core functions and also the operations such as communication, accounting, managing and maintenance of an organization.

The main purpose of the support process is to manage the development and the configuration management in an organization.

According to the given question, the support process is refers to the business process which include the purchasing the various types of materials that is used in the manufacturing purpose such as installations and also managing the inventory system.

Therefore, Option (D) is correct answer.

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2 years ago