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marissa [1.9K]
2 years ago
15

Accompanying a bank statement for Marsh Land Properties is a credit memo for payment on a $15,000 one-year note receivable and $

900 of interest collected by the bank. Marsh Land Properties had been notified by the bank at the time of collection, but had made no entries. Journalize the entry that should be made by Marsh Land to bring the accounting records up to date. If an amount box does not require an entry, leave it blank.
Business
1 answer:
SVETLANKA909090 [29]2 years ago
4 0

Answer:

Explanation:

The  journal entry is shown below:

Cash A/c Dr 15,900

To Notes Receivable A/c $15,000

To  Interest Revenue A/c $900

(Being cash is collected with respect of notes receivable and interest revenue)

For recording this transaction, we debited the cash account and credited the notes receivable and interest revenue account

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Answer:

Scarcity and Utility

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Using these examples, I have demonstrated the concepts of scarcity, utility, and value.

Explanation:

Therefore, scarcity is defined by the value and the relative availability of a good.  Scarcity is a basic economic problem that shows the gap existing between limited resources and unlimited needs.  Based on the lack experienced with satisfying a need, one has to always choose between alternatives in order to maximize resource allocation and utility.

Utility in Economics refers to the value or satisfaction derivable from the meeting of a human or economic need.  It is initially connected to the concept of scarcity.  But after attaining some level of utility, scarcity temporarily evaporates.  And this is the dividing thin line.  This is why they are mostly used together.  "Something that is valuable is scarce and give utility."  Something that is not highly valuable is not usual scarce and does not give much utility, at least, to an extent.

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Simplify the expression. 6(7 – 5) + 8
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Answer:

The answer is 20

Explanation:

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2 years ago
Read 2 more answers
if an item of clothing costs a manufacturer R60 to make,how much profit was made per item if 10 items were sold for R1200​
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Answer:

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