Answer:
A Assets and liabilities
Explanation:
Since the sole trader takes the loan of £5,000 from the bank that means the cash is increased because the receipts is received and the loan is also increased as the liability is created
So as per the given situation, both the assets and the liabilities are increased
Therefore the option a is correct and the same should be relevant
Answer:
Bourne Inc.
Journal entries
Date Account Name Debit Credit
1-Dec Supplies $2,000
Accounts Payable $2,000
1-Dec Cash $6,000
Deferred Revenue $6,000
1-Dec Land $40,000
Notes Payable $40,000
15-Dec Accounts Payable $2,000
Cash $2,000
Adjusting entries
Date Account Name Debit Credit
31-Dec Supplies expense $1,900
($700 + $2,000 - $800)
Supplies $1,900
31-Dec Deferred Revenue $1,000
($6,000/6)
Service Revenue $1,000
31-Dec Interest expense $400
($40,000*12%* 1/12)
Interest Payable $400
Answer:
Biotechnology: Technology that applies the power of microbes toward the manufacture of industrial products, foods, and drugs
Bioremidation: Process that involves the introduction of microbes into the environment to restore stability or to clean up toxic pollutants
Genetic Engineering: Newer technology that manipulates the genetics of microbes, plants, and animals to create new products and genetically modified organisms (GMOs)
A wise money manager is someone who is smart with their money. They plan out how they are going to spend it and what exactly they will spend it on. Before spending a lot of money, they save for something so that they aren't making impulse, drastic decisions.
