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3 years ago

Why might Juan choose a traditional savings account over other more aggressive savings plans?

Business

1 answer:

aniked [119]3 years ago

3 0

Answer:

He needs to be able to withdraw funds at any time.

Explanation:

Juan might choose a traditional savings account over other more aggressive savings plans because a savings account allows him to deposit his money and receives an interest and his money is available for withdrawal at any time he needs it but other more aggressive savings plans that probably would pay higher interest rates don't allow to withdraw the funds for a period of time. Because of this, the answer is that he needs to be able to withdraw funds at any time.

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The question is incomplete. Missing Portion is written as bold in explanation.

Explanation:

Required:

1. Prepare journal entries to record the transactions given above.

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Account Dr Cr

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Entry for Materials used in Production.

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38000

104000

131000

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