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elena-14-01-66 [18.8K]
4 years ago
5

Recording Journal Entries

Business
1 answer:
DochEvi [55]4 years ago
6 0

Answer:

A.

Cash $68,000 (debit)

Common Stock $68,000 (credit)

B.

Store fixtures $12,000 (debit)

Payable $12,000 (credit)

C.

Cash $20,000 (debit)

Note Payable $20,000 (debit)

D.

Equipment $17,000 (debit)

Cash $1,900 (credit)

Note Payable $15,100 (credit)

E.

Note Receivable $1,400 (debit)

Cash $1,400 (credit)

F.

Payable $12,000 (debit)

Cash $12,000 (credit)

Explanation:

A.

Recognize Cash and Recognize Equity - Common Stock

B.

Recognize Store fixtures and recognize a liability - Payable

C.

Recognize Cash - Asset and a Liability - Note Payable

D.

Recognize Equipment - Asset , Recognize Liability - Note Payable and de-recognize the Asset - Cash

E.

De-recognize Cash and Recognize the Asset - Note Receivable

F.

De-recognize the Liability - Payable and de-recognize the Asset Cash

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Activities included (and not included) in the calculation of GDP
iVinArrow [24]

Answer:

market value; goods

The gross domestic product (GDP) of the United States is defined as the _market value_ of all _final goods and services_ in a given period of time.

Explanation:

Calculo, a U.S. electronics company, produces a calculator at a plant in Indonesia on March 27, 2015. Calculo imports the calculator into the United States on May 18, 2015.----- The GDP won't be affected by this mainly because it is imported.

Rotato, a U.S. tire company, produces a set of tires at a plant in Michigan on September 25, 2015. It sells the set of tires to Speedmaster for use in the production of a two-door coupe that will be made in the United States in 2015. (Note: Focus exclusively on whether the production of the set of tires increases GDP directly, and ignore the effect of the production of the two-door coupe on GDP.)----- This would have an effect on the GDP because it is a finished domestic product.

An accountant starts a client's 2015 tax return on April 14, 2016, finishing it just before midnight on April 15, 2016.--- This is excluded, the 2015 gdp won't be affected by this.

Fastlane, a Japanese automobile company, produces a sedan at a plant in Indiana on December 9, 2015. A family buys the sedan on December 24. ---It is included as it affects the GDP.

Awake Cafe, a U.S. coffee company, produces a latte at its location in Minneapolis on January 14, 2015. It sells the latte to a customer immediately.----- It affects the 2015 gdp because it's a domestic product.

3 0
3 years ago
The trial balance of ABC Co. does not balance. АВС CO. TRIAL BALANCE JUNE 30, 2019 Debit Credit Cash 0 5740 Accounts Receivable
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Answer:

ill do it of you make it more readable

Explanation:

4 0
4 years ago
An investment adviser is opening that day's mail and receives a check from a customer made out to the "Jones Cleaning Service" -
kkurt [141]

Complete Question:

An investment adviser is opening that day's mail and receives a check from a customer made out to the "Jones Cleaning Service" - the check was mailed in error to the adviser. The same day, the investment adviser mails the check back to Jones Cleaning Service. Under NASAA rules, the investment adviser:

I. is deemed to have taken custody of the customer's funds

II. has not taken custody of the customer's funds

III. must keep a record of the check received

IV. is not required to keep a record of the check received

A. I and III

B. I and IV

C. II and III

D. II and IV

Answer:

C. II and III

Explanation:

In this scenario, an investment adviser is opening that day's mail and receives a check from a customer made out to the "Jones Cleaning Service" - the check was mailed in error to the adviser. The same day, the investment adviser mails the check back to Jones Cleaning Service. Under North American Securities Administrators Association (NASAA) rules, the investment adviser has not taken custody of the customer's funds and must keep a record of the check received.

<em>According to NASAA rules, if an investment adviser inadvertently receives a check made out to a third party like it was made out to the "Jones Cleaning Service" in error, provided that the investment adviser mails the check to the third party (customer) within 3 business-working days, then the adviser has not taken custody of the customer's funds. Also, it is required that the investment adviser must keep a record of the check received. </em>

5 0
3 years ago
Exercise 24-3 Payback period computation; straight-line depreciation LO P1 A machine can be purchased for $140,000 and used for
kkurt [141]

Answer:

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Explanation:

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6 0
3 years ago
Solve the exponential equation by taking the logarithm on both sides. 5^(x+8)=7
rodikova [14]
<h2>Answer:</h2>

x = (log₅7) - 8

<h2>Explanation:</h2>

<em>Given;</em>

5^{x+8} = 7

<em>Take log of both sides;</em>

log₁₀(5^{x+8}) = log₁₀7               -------------(ii)

<em>From the laws of logarithm remember that;</em>

logₐ xⁿ = n logₐ x

<em>Equation (ii) can then be written as;</em>

(x + 8)log₁₀5 = log₁₀7

<em>Divide both sides by log₁₀5</em>

(x + 8) = \frac{log_{10}7}{log_{10}5}                -----------(iii)

<em>From the laws of logarithm, remember that;</em>

\frac{log_{a}x}{log_{a}y} = log_yx

<em>Equation (iii) can thus be written as;</em>

(x + 8) = log₅7

x + 8 = log₅7

<em>Make x subject of the formula;</em>

x = (log₅7) - 8

7 0
3 years ago
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