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3 years ago

Consider the following situations for Shocker:

Business

1 answer:

Delicious77 [7]3 years ago

5 0

Answer:

Cash $4,500 (debit)

Deferred Revenue $4,500 (credit)

Prepaid Advertising $2,700 (debit)

Cash $2,700 (credit)

Salaries Expense $8,000 (debit)

Salaries Accrued $8,000 (credit)

Cash $70,000 (debit)

Note Payable $70,000 (credit)

Interest Expense $2,100 (debit)

Note Payable $2,100 (credit)

Explanation:

Recognize Cash and Deferred Revenue

Recognize Asset - Prepaid Advertising and De-recognize Cash

Recognize Salaries Expense and Recognize Salaries Accrued Liability

Recognize Cash Asset and Recognize Liability - Note Payable

Recognize Interest income accrued on the Note Payable during September to December.

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Answer:

A corporation

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3 years ago

Each firm can produce at most one car. Suppose the market for electric cars is competitive. Why is the equilibrium price in this

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Answer:

Consumer surplus = (60000 - 40000)+ (90000 - 40000)+(40000 - 40000) = $70000

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3 years ago

After the accounts are adjusted and closed at the end of the fiscal year, accounts receivable has a balance of $340,000 and allo

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340,000-51,000=$289,000

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3 years ago

Short Answer 7: If the government announced that they were going to reduce the income tax next year, financed by finding a large

GalinKa [24]

Answer:

The labor would increase

Explanation:

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2 years ago

Which best describes the results provided by market research?

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3 years ago