<span>Gross domestic product </span>occurs when the amount of of capital per worker increases. The answer is letter A
Answer:
Asset sales. Depreciation.interest income and interest expense
Explanation:
These Journals are:
Sales journal
Cash receipts journal
Purchases journal
Cash disbursements journal
An action which this company needs to take is debit Inventory and credit Cost of Goods Sold for $1,500.
<h3>What is journal entry?</h3>
A journal entry can be defined as a process which involves keeping the records of the financial transactions of a business such as sales, salaries, inventory, etc, that are made by a business organization.
In Financial accounting, the journal entry is generally used by both bookkeepers and accountants for effective and efficient record purposes. This ultimately implies that, it is very important that a journal comprises the following information;
- Date
- Reference number.
- Credit balance.
- Transaction description.
- Debit balance.
In this scenario, the proper journal entry to record this financial transaction consists of a debit Inventory and credit to Cost of Goods Sold for $1,500.
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A general store in a remote community is an example of a geographic monopoly.
Answer: Receivables can be classified as accounts receivables, notes receivable and other receivables ( loans, settlement amounts due for non- current asset sales, rent receivable, term deposits). An example of accounts receivable includes an electric company that bills its clients after the clients received the electricity. The electric company records an account receivable for unpaid invoices as it waits for its customers to pay their bills.
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Explanation:
