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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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Your family runs a specialty ice cream parlor, Ice-Scoops. It manufactures its own ice cream in small batches and sells it only
BartSMP [9]

Answer:

The reasons why I need to restructure the company's channel of distribution are:

The company is going to enter a new market.

If we don't increase our distribution we are going to lose against our adversaries.

The existing distribution is not going to be profitable.

Explanation:

The arguments behind these reasons are that in the first place we no longer belong to the same market. The company has entered a new market and because it now has this bigger pool of customers we need to increase the channel of distribution or we are going to lose the market. That is the second reason if we don't build a distribution network we are going to let our adversaries sell their products to the new clients because we are unable to satisfy their needs. Third, the actual channel of distribution needs to improve it because if we don't do it we are going to lose by working with the same. the reason is that the capability might not be enough to satisfy the demand.

5 0
3 years ago
What is globalization?<br> Help ASAP pls
denis-greek [22]

Answer: increasing ties between countries through trade and culture

Explanation:

5 0
3 years ago
Read 2 more answers
Between 1870 and 1910, corn and wheat a. output showed little, if any, growth in land productivity. b. output increased dramatic
romanna [79]

Answer:

b. output increased dramatically, due to labor productivity increases.

Explanation:

Between 1870 and 1910, corn and wheat output increased dramatically, due to labor productivity increases.

This is a graph based question and hence reading off the graph provided in the scenario the output more than doubled between 1870 and 1910

6 0
3 years ago
cash inflows and outflows involving stockholders and creditors are classified on the statement of cash flows as activities.
natima [27]

On the statement of cash flows, cash inflows and outflows involving creditors and stockholders are categorized as financing activities.

In the cash flow statement, the cash flow between a company's owners and creditors is referred to as financing operations. The actions involve the issuance and sale of shares, the payment of cash dividends, and the addition of loans.

Transactions between a firm and its lenders and owners to obtain or repay resources are referred to as financing operations. In other words, financial operations finance the business, pay back loans, and give owners a profit. Offering and buying back shares are examples of financing activity.

Receiving cash through stock issuances or spending cash to repurchase shares are two examples of frequent cash flow items resulting from a company's financing operations. receiving money as a result of issuing or paying off debt. dividends to shareholders in cash.

To learn more about financing activities

brainly.com/question/14122060

#SPJ4

3 0
1 year ago
Guns R Us overstated its ending inventory in the current year by $5,000. The company incorrectly reported $100,000 of net income
mr_godi [17]

Answer:

Cost of goods sold will be too low by $5,000.

Explanation:

7 0
3 years ago
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