1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Fudgin [204]
3 years ago
9

Which journal entry reflects the following transaction?:

Business
1 answer:
Grace [21]3 years ago
7 0

Answer:

The correct answer is Option A.

Explanation:

The concept of double entry says for every debit entry, there must be a corresponding credit entry. This is necessary for the journal entries to balance, that is, the total of the debit balance must always equal the credit balance.

The building purchased by BOC is an asset. So there is need to debit that account to recognize the asset. Since there was an outflow of cash to the tune of $50,000, we need to credit cash while the remaining balance being financed by mortgage will be credited to recognize the liability.

You might be interested in
Can someone please answer this question? For 100 points
patriot [66]
I'll go with D fixed!!!!!!
3 0
3 years ago
Read 2 more answers
A nation's central bank auctions off a new issue of 10-year bonds. What is the short-run effect on the nation's economy
sdas [7]

Answer: Aggregate Demand Decreases

Explanation:

When the Central Bank sells bonds, it is engaging in Open Market Operations to reduce the amount of money in the Economy by taking money out of people's hands ( the money they will use to buy the bonds).

When money supply in the economy decreases, it will have the opposite effect on Interest rates as they will increase because money is no longer readily available.

When this happens both businesses and Individuals will reduce the amount of money they borrow for investment and consumption respectively which are both components of Aggregate Demand.

Aggregate Demand therefore decreases and the AD curve shifts to the LEFT to depict this.

6 0
3 years ago
An example of an externally identified problem would be management voicing concern about the organization's lack of a competitiv
asambeis [7]

Ihope it helps you

ithink the answer is true !!!

8 0
4 years ago
although stocks can generate greater revenue, they are also more risky than many forms of investments. true or false
34kurt
The correct answer for the question that is being presented above is this one: "TRUE." Although stocks can generate greater revenue, they are also more risky than many forms of investment. Dividends are not guaranteed; each company's board of directors has to vote to issue dividends, and they may not always do so.
4 0
3 years ago
Read 2 more answers
Helena is looking for an advisor who can help guide her as she invests. She also wants to reduce transaction and trading costs.
Trava [24]

The correct answer would be option D. Mr. Jones, who has positive client reviews and charges moderate fees.

Her goal is to achieve a 8% return in one year so that she can buy a house. Mr. Jones, who has positive client reviews and charges moderate fees, would be the most appropriate one for her.

Explanation:

When choosing the best for you, you must make a decision by considering all the factors contributing in the choice of that alternative.

So when Helena wants to hire an adviser who can help her guide her with the investments, she should choose the one who has positive clients' reviews. This would be to first priority for Helena to choose the adviser. Secondly if that adviser charges moderate fee, then this would be a plus point for that alternative.

So Helena must choose Mr. Jones who has both positive reviews as well as charges moderate fees.

Learn more about decision making at:

brainly.com/question/9075718

#LearnWithBrainly

5 0
3 years ago
Other questions:
  • You have just sold your house for $ 1000000 in cash. Your mortgage was originally a​ 30-year mortgage with monthly payments and
    14·1 answer
  • To date, how much has grameen bank given out in micro loans to poor people?
    8·1 answer
  • The Patersons bought a home that was newly constructed in 2007 for $275,000. They sold the home in 2015 for $255,000. Which of t
    12·2 answers
  • If investment funds are limited, the net present value of one project should not be compared directly to the net present value o
    11·1 answer
  • Portfolio A has an average return of 13.6 percent, a standard deviation of 17.2 percent, and a beta of 1.38. Portfolio B has an
    13·1 answer
  • Give examples of various costs Attending college involves incurring many costs. Give an example of a college cost that could be
    11·1 answer
  • When the pressure for local responsiveness is strong and the pressure for coordination is weak for multinational corporations in
    11·2 answers
  • The price of a ranchette estate is $260,000. The bank requires a 15% down payment and 3 points at the time of closing. The cost
    10·1 answer
  • If consumers feel that the price of ice cream is so low that there must be something wrong and do not buy it then this is an exa
    14·2 answers
  • Extraction of petroleum from oil sands causes environmental degradation at the extraction site and its surroundings. how does th
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!