Answer: If the United States eliminates its import quotas on Costa Rican sugar, <em><u>consumer surplus for American consumers of sugar products will rise.</u></em>
Here, the United States has finally decided to eliminates its import quotas on Costa Rican sugar. This will further allow the producer in Costa Rica to export more quantity of this commodity.
Answer:
Oct 1
Dr Supplies $620
Cr Accounts Payable $620
Oct 6
Dr Cash $350
Cr Fees Earned $350
Octd 7
Dr Equipment $2500
Cr Cash$900
Cr Accounts Payable $1400
Oct 9
Dr Accounts Payable $620
Cr Cash $620
Explanation:
Preparation of the journal entries
Oct 1
Dr Supplies $620
Cr Accounts Payable $620
Oct 6
Dr Cash $350
Cr Fees Earned $350
Octd 7
Dr Equipment $2500
Cr Cash$900
Cr Accounts Payable $1400
($2,500-$900)
Oct 9
Dr Accounts Payable $620
Cr Cash $620
The key factor that kept the Copernican is that Roman Catholic Church had decided that earth was the center of the universe and contrary opinions were heresy. The Copernican also proposed that a heliocentric system had decided the the Earth is the center of the universe and all of the contrary opinions regarding this was false.
Answer:
June 1 Sheldon Cooper invests $4,000 cash in exchange for shares of common stock in a small welding business.
Account Debited: Cash
Account Credited: Common Stock capital
2 Purchases equipment on account for $1,200.
Account Debited: Equipment
Account Credited: Accounts Payable
3 Pays $800 cash to landlord for June rent.
Account Debited: Rent expense
Account Credited: Cash account
12 Bills P. Leonard $300 after completing welding work done on account.
Account Debited: Accounts receivable
Account Credited: Service revenue
