Its like renting but you have the option to buy at the end i believe.
The answer is to break down oxygen entering the respiratory system others are the functions.
Hope it helps:)
Answer:
$227,500
Explanation:
The computation of the total amount of cash paid is shown below:
Cash paid for insurance premium = Prepaid Insurance at end of the year + Prepaid Insurance recognized - Prepaid Insurance at the beginning of the year
= $61,250 + $218,750 - $52,500
= $227,500
We simply applied the above formula so that the correct amount of cash paid could come with respect to the insurance premium
Answer:
Debiting in this case means to add to the inventory. Therefore, crediting means that inventory was used up when closing inventory.
Explanation:
A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. ... A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account.
Answer: The accounts DEBITS are listed first then the accounts CREDITS would be listed next.
Explanation: In preparing a journal entry, the journal entry date is first stated. This is followed by all accounts DEBITS and the accounts CREDITS are listed next.
The sum of the debits on the journal entry must equate the total sum of the credits. This will help to balance the trial balance.
