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3 years ago

F brown lent us 4000 giving us the money by cheque

Business

1 answer:

PSYCHO15rus [73]3 years ago

3 0

Answer:

See below

Explanation:

This transaction is affecting the bank's balance and F brown accounts. It is increasing the bank balance( asset account) by 4000 and increasing accounts payable/F brown ( liabilities account) by 4000.

An increase in assets is debited while an increase in liabilities is credited.

The journal entry will be

Bank A/c Dr. 4000

F brown A/c 4000

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The Minton Company has gathered the following information for a unit of its most popular product: Direct materials $ 7 Direct la

Blababa [14]

Answer: $14,500

Explanation:

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= $20,300

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= $8,700

Variable shipping and other selling expense = 2,900 units × $1 per unit

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Net profit from special order:

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= $14,500

Therefore, if the special order is accepted, Minton's operating profits will increase by $14,500.

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3 years ago

Price elasticity of demand refers to the ratio of the:

Rudiy27

The ratio of the percentage change in the quantity demanded of a good to a percentage change in its price refers to the price elasticity of demand.

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3 years ago

Steve Pratt, who is single, purchased a home in Spokane, Washington, for $347,500. He moved into the home on February 1 of year

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Answer:

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3 years ago

(02.03 MC) Bernadette wants to set aside some money, but she wants to have easy access to it without penalty. She is not worried

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Answer:

<em>Traditional savings account</em>

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4 years ago

F brown lent us 4000 giving us the money by cheque​

F brown lent us 4000 giving us the money by cheque