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katrin2010 [14]
2 years ago
15

QUESTION 3

Business
1 answer:
Oksana_A [137]2 years ago
7 0
Yes yes yes yes yes yes yes
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On May 25, after the transactions had been posted, Adams discovered that the following entry contains an error. The cash receive
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Answer:

With the correcting entry method, the wrongly posted account will transfer the amount that was to be posted elsewhere to the place it was to be posted in. In this case the posting was to be to Accounts Receivable not Service fees so:

Date                   Account Title                                     Debit                  Credit

May 23              Service Fees                                   $1,270

                          Accounts Receivable                                                 $1,270

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2 years ago
What is the four parts of SWOT analysis
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<span>strengths, weaknesses, opportunities and threats.</span>
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3 years ago
After decreasing Nominal &amp; Real GDP, the Federal Reserve will_______.
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<span>After decreasing Nominal & Real GDP, the Federal Reserve will engage in Contractionary Monetary Policy. The answer is letter B. IF the Federal Reserve increases the amount of monetary growth, the economic theory shows that it will decrease in the short run but will increase eventually in the long run from their initial value.</span>
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3 years ago
as Jake began his market research he discovered that there wasn't another retail boating supplies business for hunting more than
gulaghasi [49]
The right answer for the question that is being asked and shown above is that: "b. his marketing should stress quality and service." As Jake began his market research he discovered that there wasn't another retail boating supplies business for hunting more than 100 miles in fact there was no large lake or river either Jake concluded that his<span> marketing should stress quality and service</span>
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3 years ago
Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2018, the company's board of di
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Answer:

<u>December 31, 2018</u>

Debit : Dividend $40,000

Credit : Shareholders for dividends $40,000

Explanation:

When dividends are declared, we Debit an Equity Element - Dividend and Credit the Liability - Shareholders for dividends.

Calculation of this dividend is made on the stockholders in existence at the on a stated date (January 15 in this case) and at par value ($2) as follows :

Dividend = 100,000 x $2.00 x $0.20 = $40,000

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