Answer:
The cash effects of transactions that create revenues and expenses are operating activities.
Explanation:
Operating activities are useful to stable the business and they are mostly based on cash transactions. Business need cash for their daily operational activities.
Answer:
The journal entry for recording the original sale is shown below:
Explanation:
The journal entry for recording the original sale is as follows:
Accounts receivable A/c................................Dr $735
Sales Tax A/c...................................................Cr $35
Sales A/c............................................................Cr $700
As sales is made on credit so the accounts receivable account will be debited against the Sales account, which is credited. And there is sales tax charged on selling necklaces, which is credited to the sales tax account.
Computation of Sales Tax as:
Sales tax = Selling amount × Tax
where
Selling amount = Number of Necklaces × Price
= 20 × $35
= $700
So,
Sales tax = $700 × 5%
Sales tax = $35
<span>The answer is james watt created an improved steam engine to pump water out of mines
James watt's steam engine design was an improvement from the one that created by Newcomen in 1712.
Due to Watt's deisgn, the machine could almost doubled in productivity and it started to be developed for other industries beside minings</span>
<span>What is the value of capital stock for the company based on the information provided?
We need more info</span>
Answer:
compitition of the bussiness
