Answer and Explanation:
The journal entry is shown below:
Cash Dr 30,000
Bank Dr 50,000
To Capital 80,000
(Being cash and bank brought into the business)
Here the cash and bank is debited as it increased the assets and credited the capital as it also increased the equity
Answer:
The correct answer is option A.
Explanation:
US imports refer to the goods and services that are produced in some countries other than the US. These goods are then sold in the US. The imports for the US are exports for the country that is producing those goods and services.
While the goods and services that are produced in the US and sold in some other country are exports for the US and imports for the purchasing country.
Answer:
The actual effective annual rate is <u>3.33%</u>.
Explanation:
Effective Annual Rate (EAR) refers to an interest rate has been adjusted for compounding over specified period of time.
Effective annual rate can therefore be described as the interest rate that paid to an investor in a year after compounding has been adjusted for.
Effective annual rate can be computed using the following formula:
EAR = [(1 + (i / n))^n] - 1 .............................(1)
Where;
i = Annual interest rate claimed by the dealer = 3.28%, or 0.0328
n = Number of compounding periods or months = 12
Substituting the values into equation (1), we have:
EAR = [(1 + (0.0328 / 12))^12] - 1 = 0.0332976137123635
EAR = 0.0333, or 3.33% approximately.
Therefore, the actual effective annual rate is <u>3.33%</u>.
The Sixth Amendment guarantees the right of criminal suspects to have an attorney defend them in court. This right does not depend on the defendant's ability to pay attorneys' fees. If the defendant cannot afford one, the government must provide one.
An amendment is a formal or official change to a statute, treaty, constitution, or legal document. It is based on the verb 'change' which means 'to change for the better.
Changes may add, remove or update portions of this Agreement. They are often used when it is better to modify a document than to create a new one. Only legislative bodies are involved in the change process.
learn more about amendments here. brainly.com/question/458137
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Answer:
a. Salaries expense (Dr.) $18,000
Salaries Payable (Cr.) $18,000
b. Interest Receivable (Dr.) $375
Interest Earned (Cr.) $375
c. Interest Expense (Dr.) $1,000
Interest Payable (Cr.) $1,000
Explanation:
The adjusting entries will be made once the expenses are paid. For now these expense are recorded as current liability because the payment needs to be made for the expenses that has already incurred. The salaries expense is recorded in contra account of salaries payable, once these salaries are paid then the expense will recorded as cash outflow.
