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Karolina [17]
3 years ago
15

Which statement is correct in regard to renting a home?

Business
1 answer:
olasank [31]3 years ago
4 0
The answer is the first one
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A savings account is useful for all of the following purposes EXCEPT…
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Colors of cars in a mall parking lot is?
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Explanation:

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2 years ago
Bailey Corporation, prepares the following adjustments required at the end of the month on July 31: Before these adjustments, Ba
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Answer:

After the adjustments stockholders’ equity on 7/31 will be  $20,184.

Explanation:

<u>Journal Entries to Show the adjustments are as follows :</u>

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Utility Expenses $568 (debit)

Accounts Payable $568 (credit)

b.

Wages Expense $1,648 (debit)

Wages Payable $1,648 (credit)

c.

Loan Receivable $2,400 (debit)

Interest Income $2,400 (credit)

<u>To Determine Effect on Equity use the Accounting Equation : </u><u>Assets = Equity + Liability.</u>

Therefore, Equity = Assets - Liability

Effect on Assets = $70,000 + $2,400                    =  $72,400

Effect on Liabilities = $50,000 + $568 + $1,648   =  ($52,216)

Effect on Equity (Total)                                            =   $20,184

Conclusion :

Therefore, After the adjustments stockholders’ equity on 7/31 will be  $20,184.

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3 years ago
The fictional country of Alperta increases the income tax rate so that tax revenues increase by $50 million. If GDP, consumption
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hope it helps. brainliest pls

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