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EastWind [94]
3 years ago
10

A cash payment of $130 on account was recorded as a $310 debit to accounts payable and a $310 credit to cash. the necessary corr

ecting entry is
Business
2 answers:
dexar [7]3 years ago
8 0

(310-130=180)

debit cash $180; credit Accounts Payable, $180

Hope this helped :) !

SOVA2 [1]3 years ago
3 0
310-130=180
Debit cash 180 credit amount pay 180
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The correct answer is: No, it is not legal.

Explanation:

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Thus, <em>Sekelow has violated the FDCPA by sending debtors postcards requesting contact from their end.</em>

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b. False

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The security that represents the residual ownership of a firm and has no priority in bankruptcy is called<u> a convertible bond</u>.

The correct option is A.

<h3>What is bankruptcy?</h3>

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<h3>What is convertible bond?</h3>

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To know more convertible bond visit:

brainly.com/question/23266690

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I understand that the question you are looking for is:

The security that represents the residual ownership of a firm and has no priority in bankruptcy is called:

A. a convertible bond.

B. senior debt.

C. common stock.

D. preferred stock.

E. retained earnings.

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