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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.

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A cover letter is ______
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3 years ago
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shtirl [24]

Answer:

The correct answer is letter "C": Profitable product lines may be dropped.

Explanation:

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6 0
2 years ago
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Leni [432]
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4 0
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After years of using a mass marketing strategy, Digital Print Shops has responded to new competition from national chain stores
Ket [755]

Answer:

Niche Marketing

Explanation:

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I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
3 years ago
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