Answer:
Explanation highest paying
:
Answer:
a. Journal entries to record the reinstatement of the account receivable
Account Title and Description Debit Credit
Account receivable account $600
Allowance for Doubtful Accounts account $600
(Reinstatement of the account receivable)
b. Journal entries to record the receipt of cash
Account Title and Description Debit Credit
Bank Account $600
Account receivable account $600
(Receipt of cash)
Answer:
1. Point on x-axis will increase and so will the point on the y-axis
2. All of the above
Explanation:
1. The Production Possibilities Frontier shows the amount of resources needed to produce different quantities of two goods. It therefore allows one to see the trade-off in resources for producing more of one good vs the other.
When a factor of production leads to more efficiency in the production of a good, the frontier will increase. In this scenario, there has been a growth in technology which means that more of both goods can be produced. This will increase the PPF on both axis. (Refer to attached file).
2. All of the listed options have led to increases in the standard of living in the last century. More education means people can get better jobs and build more infrastructure. International trade has increased market access and increased wealth. Farm productivity is better so more people can be fed and improvement in technology is the main driver for growth.
When raw materials are purchased on account for use in a process costing system, the corresponding journal entry that should be recorded will include <u>A debit to the Work in Process Inventory</u>.
An easy journal entry is accounting access in which simply one account is debited and one is credited. using easy magazine entries is encouraged as a pleasant exercise since it's far easier to apprehend these entries.
In a nutshell: debits (dr) record all the money flowing into an account, whilst credits (cr) report all the cash flowing out of an account.
A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that indicates an organization's debit and credit balances. The journal entry can consist of several recordings, every of that is either a debit or a credit score.
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Answer:
$308,000
Explanation:
On this note, only the Interest expense is recorded under cash flow from operations section of the cash flow statement.
Thus we need to determine the interest expense first :
Interest expense = $308,000 ($4.4 million x 7%)
