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sasho [114]
3 years ago
5

The purpose of the general journal is to show accounting events in their __________ sequence.

Business
1 answer:
Valentin [98]3 years ago
7 0

Answer:

Chronological

Explanation:

For accounting day to day business transactions, there is a proper sequence of accounting cycle i.e.

1. Transactions

2. Journal entries

3. ledger posting

4. Trial balance

5. Worksheet

6. Journal entries i.e. adjusted

7. Financial statements

8. Books closing

So it would be chronological

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BBB Leasing purchased a machine for $280,000 and leased it to Jack Tupp Auto Repair on January 1, 2021. Lease description: Quart
Nostrana [21]

Answer: $251758.53

Explanation:

Based on the information given in the question,

Total lease liability = $280,000

Then, the balance in the lease payable account when the first lease payment takes place on January 1, 2021 will be:

= $280,000 - $16,427

= $263573

The, the interest that is included in the lease payment that's made on April 1, 2021 Will be:

= $263573 x 7% x 1/4

= $4612.53

Then, the principal amount that's included in the lease payment made on April 1, 2021 will be:

= $16,427 - $4612.53

= $11814.47

Therefore, the balance in the lease payable account after the April 1, 2021, lease payment will be:

= $263573 - $11814.47

= $251758.53

6 0
3 years ago
suppose the labor force in an economy equals 153 million workers. out of 153 million workers, 145.2 million workers are employed
34kurt

The unemployment rate equals 5.10 percent

What is unemployment rate?

Unemployment rate is the portion of the labor force in an economy who are unable to find jobs for living.

The unemployment rate is determined as the number of unemployed divided by the labor force, in other words, the unemployment rate is computed thus:

unemployment rate=unemployed/labor force

unemployed=7.8 million

labor force=153 million

unemployment rate=7.8 million/153 million

unemployment rate=5.10%

Find out more about unemployment rate on:brainly.com/question/18120862

#SPJ1

4 0
2 years ago
Read 2 more answers
1) A global company can be headquartered anywhere, but usually most of its employees come
Svetradugi [14.3K]

Answer:

False

Explanation:

A global company is a country that extends beyond the boundaries of the country of origin to carry out business activities but still maintain a consistent practice with the origin company

However , despite the its presence in other countries , the headquarters remains in the country of origin.

Moreover , it does not need to depend on the employees from the home country but rather from the host country.

8 0
3 years ago
Dingo Division’s operating results include: controllable margin of $150,000, sales totaling $1,200,000, and average operating as
Lelu [443]

Answer:

b. No, the return is less than the required rate of 9%

Explanation:

Projected sale = 100000

Projected exp = 86000

Profit = 14000

Assets= 200000

Return on assets = 14000/200000 = 7%

Expected return = 9%

Hence, project should not be taken

6 0
3 years ago
An entrepreneur is a person who owes money to a bank or other financial institution
horsena [70]
That statement is False.

An Entrepreneur is a person who sets up a business or businesses, taking on financial risks in the hope of profit.
4 0
3 years ago
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