All categories

3 years ago

Record the journal entry Received October's rental bill of $1,300; set it aside.

Business

1 answer:

Flura [38]3 years ago

8 0

Answer:

Note: The full question is attached below

S/No Accounts titles and Explanation Debit ($) Credit ($)

A. Accounts receivable 5,200

Service revenue 5,200

(To record the service revenue)

B. Cash 3,100

Service revenue 3,100

(To record the service revenue)

C. Cash 1,500

Unearned service revenue 1,500

(To record the advance received for the services to be provided)

D. Cash 4,600

Accounts receivable 4,600

(To record the collection of amount)

E. Rent payable 1,100

Cash 1,100

(To record the payment of bill)

F. Rent expense 1,200

Rent payable 1,200

(To record the accrual of rent expense)

You might be interested in

Free enterprise system → A system in which businesses may buy, sell, and set prices with little government control

stiks02 [169]

That is true my friend

5 0

3 years ago

Read 2 more answers

A bank has Tier I capital of $90 million and Tier II capital of $70 million. The bank has total assets of $2,522 million and ris

skelet666 [1.2K]

Answer:

C. Under-capitalized

Explanation:

Tier Capital/Risk-weighted assets = (90 million + 70 million)/2,017.6 million

= 7.93%;

Tier 1 Capital /Risk-weighted assets = 90 million /2,017.6 million

= 4.46%;

Tier Capital/Total assets= (90 million + 70 million)/2,522 million

= 6.34%.

The first ratio puts the bank in the undercapitalized zone.

8 0

4 years ago

The managerial function of ______ involves monitoring performance, comparing it to goals, and taking corrective action when need

sleet_krkn [62]

Answer:

Controlling

Explanation:

Out of the many functions of management, controlling is an important managerial function. Controlling can be referred to as a managerial function that enables the achievement of results as it relates to set goals. This function involves the measurement of progress for the purpose of achieving organizational goals. It helps to ensure that subordinates and managers inclusive are doing what is necessary, identify errors and take corrective measures to meet up to the standard.

3 0

3 years ago

Suppose that the federal budget deficit increases. the increase in government borrowing will cause interest rates to ▼ rise fall

yan [13]

Answer:

Rise; More attractive; More; Less; Rise

Explanation:

Suppose that the federal budget deficit increases.

So, there is a need to borrow funds and this will increase the government borrowings. The higher government borrowings will lead to cause the interest rate to rise.

In an open economy, the buyers in the foreign countries are buying more U.S bonds as they will receive higher rate of return from investing in bonds. Hence, the U.S bonds are becoming more attractive to the foreign buyers because of the higher interest rate.

This will reduce the value of U.S exports, hence, the trade deficit (Value of imports - Value of exports) will rise further.

6 0

3 years ago

You are planning to build a new home with approximately 2,000-2,500 gross square feet of living space on one floor. In addition,

Sphinxa [80]

Answer:

The unanimous Declaration of the thirteen united States of America, When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature

5 0

3 years ago