Explanation:
The Journal entry is given below:-
1. Purchase Dr, $1,280
To cash $1,280
(being merchandise is purchased)
2. Cash Dr, $115
To Purchase return $115
(Being merchandise is returned)
3. Purchase Dr, $668
Freight In Dr, $43
To Account payable $771
(being Purchase on credit)
4. Account payable $50
To Purchase return $50
(Being purchase return is recorded)
5. Account payable $661
To cash $661
(Being cash is paid)
During business-cycle expansions when income and wealth are rising, the demand for bonds rises and the demand curve shifts to the right, everything else held constant.
A business is an activity that makes a living or makes money by manufacturing or buying and selling products (such as goods or services).
The existence of a company name does not separate the entity from its owner. In other words, the company owner is responsible and liable for the debt incurred by the company. Creditors can trace owner's personal property Corporate structure does not allow corporate tax rate Owners are personally taxed on all income from the business.
Learn more about business here:brainly.com/question/24553900
#SPJ4
Answer:
A Business School student looking at changes in structures of Small and Medium Sized Enterprises (SMEs) using publicly available information
Explanation:
Answer:
-$3,000
Explanation:
Data provided in the given question:-
bonds payable = $10,000
unamortized discount = $2,000
purchased bonds = $11,000
The computation of the consolidated gain or loss on a consolidated income statement for 2018 is given below :-
= (bonds payable - unamortized discount) - purchased bonds
= ($10,000 - $2,000) - $11,000
= $8,000 - $11,000
= -$3,000
