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3 years ago

Scenario

Business

1 answer:

aalyn [17]3 years ago

4 0

Answer:

GBI

a. Journal Entries

Feb. 2

Debit Supplies Expense $800

Credit Payables-Misc. account $800

To record the purchase of supplies on account.

Feb. 4

Debit Accounts Payable $800

Credit CAsh $800

To record the payment on account.

b. The resulting document numbers are:

FI document number 1: __________ 100001

FI document number 2: __________ 100002

Explanation:

The journal entries are made to initially record the transactions in the books of GBI. Journal entries identify the accounts involved in every transaction. They add some brief narrations of the transaction.

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Answer:

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Explanation:

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Olenka [21]

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3 years ago

A baking company has different product ranges like whole-wheat pizzas for the diet-conscious and rich cookies for children and y

Sidana [21]

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3 years ago

Which of the following statements is more likely if cash and marketable securities increase by $5,000 during a period in which c

Goryan [66]

Answer:

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Explanation:

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3 years ago

Bill is trying to decide what combination of bananas and apples to buy. A banana costs half as much as an apple. If no apples ar

tia_tia [17]

Answer:

To maximize utility, Bill can will buy one banana and one apple.

Explanation:

Utility maximisation refers to the concept that individuals and firms seek to get the highest satisfaction from their economic decisions.

For example, when deciding how to spend a fixed some, individuals will purchase the combination of goods/services that give the most satisfaction.

The theory of Utility maximization highlights two fators

combination of goods
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if a banana cost half as much as an apple,

Cost of banana = cost of apple/2

cost of apple - cost of banana × 2

Assuming the cost of one banana is $1

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3 years ago