1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Allisa [31]
2 years ago
7

A. Following are the transactions of a new company called Pose-for-Pics.

Business
1 answer:
stich3 [128]2 years ago
4 0

Answer:

The August 31 trial balance is a debit and credit amount of $16,986

Explanation:

The journal entries for the following transactions is as follows;

  General Journal                          Debit                              Credit

1. Cash                                            $6,500

  Photography equipment            $33,500

  Common stock                                                                 $40,000

2. Prepaid insurance                       $2,100

   Cash                                                                                   $2,100

3. Office supplies                             $880

   Cash                                                                                    $880

4. Cash                                              $3,331

   Photography fees                                                              $3,331

5. Utilities expense                           $675

   Cash                                                                                     $675

August 31 trial balance                     $16,986                         $16,986  

The August 31 trial balance is a debit and credit amount of $16,986

You might be interested in
6 factors of production pasta
noname [10]

The four categories of factors of production are land, labor, capital and entrepreneurship.  So, things that fall into these four categories that involve the production of pasta include the factory, the skills of the workers, the machines used to produce it, the ingredients used to produce it and the entrepreneurship and investment of the business owner.

4 0
3 years ago
Consider a 3-year bond with a par value of $1,000 and an 8% annual coupon. If interest rates change from 8 to 6% the bond's pric
masya89 [10]
It’s B Decrease by 51.54 I hope this helps
3 0
3 years ago
The following model shows how resources in an economy move between households, businesses, and government. The Circular Flow Mod
Alex

Answer:

The correct answer is the circular flow model.

Explanation:

The circular flow model shows the movement of resources between different sectors in the economy. The firms or business hire factors of production from the households. In return, they make factor payments. They use these factors to produce goods and services. The households purchase these goods and services and pay by their factor incomes.  

The government sector charges taxes from households and businesses and provides goods and services in return. The government also hires factors of production and make factor payments. It also purchases goods and services from the businesses and pays for it.

6 0
3 years ago
True or false: allocative efficiency is achieved by equalizing consumer surplus and producer surplus
zepelin [54]
<span>THE EFFICIENT ALLOCATION OF LIMITED RESOURCES MOSTLY BEING FACTORS OF PRODUCTION TO COMPLETE A TASK. SO ALLOCATION EFFICIENCY PLAYS A VITAL ROLE TO ACHIEVE AND BY EQUALIZING CONSUMER SURPLUS AND PRODUCER SURPLUS . IT IS TRUE THAT ALLOCATION EFFICIENCY IS ACHIEVED BY EQUALIZING CONSUMER SURPLUS AND PRODUCER SURPLUS.</span>
4 0
2 years ago
On January 1, 2021 Rastell Co signed a long term finance lease for an office building. The terms of the lease required Rastall t
Alinara [238K]

Answer:

$145,726

Explanation:

Note: <em>The options to this question belongs to another question entirely and that is attached as picture. So, the correct answer is not among the 4 options</em>

Interest expense = Present value of lease payment * Interest rate

Interest expense = $151,146 * 7%

Interest expense = $10,580.22

Particulars                                                                           Amount

Present value of lease payment                                       $151,146

Add: Interest expense                                                       $10.580

Less: Annual Payments                                                     <u>($16,000)</u>

Lease Payable on December 31, 2021 Balance Sheet  <u>$145,726</u>

7 0
3 years ago
Other questions:
  • Which of the following is NOT one of the reasons that globalization has taken place?
    6·1 answer
  • When his supervisor approached him about his quality issues, Joe replied that lately he has been having a string of bad luck. In
    7·1 answer
  • Van pays the following medical expenses this year:
    13·1 answer
  • Nordstrom, an upscale department store, has a well-known reputation for going the extra mile to serve its customers. This reputa
    14·1 answer
  • A concentration ratio indicates the:
    9·1 answer
  • The distinction between _____ is what defines an MNE from a firm that merely exports or imports.a. small- and large-scale of ent
    14·1 answer
  • Amex Corporation invests excess cash to purchase $25,000 in corporate bonds on March 30, 2018. In addition to the $25,000, Amex
    15·1 answer
  • You notice that the price of Blu-ray players falls and the quantity of Blu-ray players sold increases. You suspect that _____ Bl
    10·1 answer
  • Higher customer satisfaction and more efficient use of resources are impacts of businesses that operate with a _______
    5·2 answers
  • Business executives often prefer to work with rate of return, so to overcome some of the IRR's limitations the modified IRR was
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!