In a case whereby George corporation recognized $1,000 of accrued property taxes on its manufacturing facility. the journal entry to record this debits as Manufacturing overhead $1,000 and credits Property taxes payable $1,000.
<h3>What is
journal entry?</h3>
A journal entry can be described as an act of keeping which involves the making records of any transactions .
It should be noted that Transactions are listed in an accounting journal so that the company's debit as well as the credit balances of the company can be shown.
In the case, above , we will record this debits as Manufacturing overhead $1,000 and credits Property taxes payable $1,000, hence journal entry can encompass several recordings, in a debit or a credit.
Find out more on journal entry at brainly.com/question/14279491
#SPJ1
Answer:
analogous
Explanation:
both green and yellow are a part of analogous
Martin, a US. citizen travels to Mexico and buys a newly manufactured motorcycle made there. his purchase is included in both Mexican GDP and U.S. GDP.
This is further explained below.
<h3>What is
GDP?</h3>
Generally, The gross domestic product (GDP) of a nation is a monetary measurement that is based on the market value of all of the final products and services that are produced in that nation during a certain time period.
Before being regarded as a trustworthy indication, this measure often undergoes revision because of the complexity and subjectivity inherent in its design.
In conclusion, Martin, a resident of the United States, makes a trip to Mexico in order to purchase a motorbike that was only just produced in that country. His purchase is accounted for in both the GDP of Mexico and the GDP of the United States.
Read more about GDP
brainly.com/question/15682765
#SPJ1
Answer:
b.used to determine amounts recorded in the unadjusted trial balance.
Explanation:
As we know that the trial balance contains two sections. The one section records the debit accounts like expenses, and the assets account while the other section records the credit accounts like liabilities and stockholder equity
And, the unadjusted trial balance is that which is prepared before passing the adjusting entries and for this, the spreadsheet is used.
Answer:
Correct option is (c)
Explanation:
Market interest rate and price of the bond are inversely related.if market interest rate falls and is lesser than stated interest rate (coupon rate), then the bond becomes attractive and its price increases. So, bond can be solved at present higher than the maturity value. This is the reason bond is redeemed before maturity.
On the other hand, if market rate increases, bond becomes less attractive as investors can earn more by investing at market interest rate. So price of bond falls and there is no point redeeming it before maturity.