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slamgirl [31]
3 years ago
9

Billed a customer 4500 for work completed to date log as what on t-account

Business
1 answer:
anygoal [31]3 years ago
5 0

Answer:

On t-account, it will be logged as Accounts Receivable $4,500 and Service Revenue $4,500.

Explanation:

a) Data and Analysis:

Accounts Receivable $4,500 Service Revenue $4,500

b) The company's assets have been increased by $4,500, and its Equity has been increased by $4,500 (through Service Revenue in Retained Earnings).  When the customer pays for the work completed, the Cash account will be debited and the Accounts Receivable credited.

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B) Missing a credit card payment.

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2 years ago
According to the Fisher Effect, the expected rate of inflation does not influence the:________.
Alekssandra [29.7K]

Answer:

ex ante real interest rate.

Explanation:

According to Fisher effect the expected inflation rate will affect indices like nominal interest rate, current prices of goods, and the demand for money.

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6 0
3 years ago
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