Answer:
Fall.
Explanation:
Since government spending is one of the components of aggregate demand, an increase in government spending will shift the demand curve to the right. A reduction in taxes will leave more disposable income and cause consumption and savings to increase, also shifting the aggregate demand curve to the right.
Answer:
1. Bitcoin is a crypto currency
2.Microsoft, Newegg, Cheapair, Starbucks, Gyft, Burger King, Whole Foods, Home Depot, And KFC
3. According to Kemp, the definition of money is value that we have agreed upon to pay or receive in a set duration of time.
4. Litecoins. BerkShares. Equal Dollars. Ithaca Hours.
5. Starbucks Stars. Amazon Coins.
Explanation:
Answer and Explanation:
The general journal entries are shown below:
On Aug 1
Cash Dr $6,500
Equipment $33,500
To Common stock $40,000
(Being the invested amount is recorded)
For recording this we debited the cash and equipment as it increased the assets and at the same time it also increased the stockholder equity so common stock is credited
On Aug 2
Prepaid insurance Dr $2,100
To cash $2,100
(Being the cash paid is recorded)
For recording this we debited the prepaid insurance as it increased the assets and at the same time it also decreased the assets so cash is credited
On April 5
Office supplies Dr $880
To cash $880
(Being the office supplies purchased for cash is recorded)
For recording this we debited the office supplies as it increased the assets and at the same time it also decreased the assets so cash is credited
On April 20
Cash Dr $3,331
To Fess earned $3,331
(Being cash earned is recorded)
For recording this we debited the cash as it increased the assets and at the same time it also increased the revenue so fees earned is credited
On April 31
Utilities expense $675
To Cash $675
(Being the utilities expense paid)
For recording this we debited the utilities expense as it increased the expense and at the same time it also decreased the assets so cash is credited
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.