1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
KengaRu [80]
3 years ago
5

Required: Journal entry

Business
1 answer:
lisabon 2012 [21]3 years ago
7 0

Answer:

If a cheque was being issued to settle a account payable, the relevant entry is to debit the accounts payable account to show that the debt is being reduced. You will then credit the cash account to show that cash is being reduced as well because it was used to pay off the debt.

Date                    Account Title                                           Debit               Credit

XX-XX-XXXX     Accounts Payable - Saurya Stores     Rs. 39,000

                           Cash                                                                            Rs. 39,000

You might be interested in
Sunland Company had the following department data: Physical Units Work in process, beginning 0 Completed and transferred out 909
ElenaW [278]

Answer:

Equivalent units of production= 98,700

Explanation:

Giving the following information:

Physical Units Work in process, beginning 0

Completed and transferred out 90,900

Work in process, ending 7,800

Materials are added at the beginning of the process.

<u>To calculate the equivalent units, we need to use the following formula:</u>

<u></u>

Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production

Equivalent units of production= 0 + 90,900 + 7,800*1

Equivalent units of production= 98,700

Because the materials are added at the beginning of the process, the percentage of completion is 100%.

4 0
3 years ago
Write a paragraph (5-8 sentences) that compares and contrasts grants, scholarships, and loans. Be sure to include the pros and c
daser333 [38]

Answer:

he lets talk on here pls

Explanation:

8 0
2 years ago
The USDA maintains ethanol has an impact on food prices. "Higher ethanol production definitely and directly raises the price of
aleksklad [387]

Answer:

new corn farmers will enter the market and decrease the market price.

Explanation:

In regards to the information provided, it can be said that in a long term perspective if the production of ethanol keeps increasing then new corn farmers will enter the market and decrease the market price. This is because as ethanol production increases, so does the price of corn. This will continue up to a certain point were profitability for farmers is high and many new farmers will enter the market hoping to profit from the corn as well. All these new farmers will drastically increase the production of corn and as the supply of corn rises the prices will begin to fall.

5 0
3 years ago
Pick some number between $500 and $1500 and assume that the MPC for that state is 0.75. Estimate the total impact on the economy
lana66690 [7]

Answer:

$750

Explanation:

If I pick $1,000, and the Marginal Propensity to Consume (MPC) is 0.75, it means that while travelling the state, I will have spent $750 on goods and services either produced and traded in that state, or only traded in that state (while having been produced in other place). This is the total impact that I will have made on the economy of this state.

The remaining $250 that I will have saved will only impact the economy of the state if I deposit or invest the money in a financial institution located in the state. If instead, I invest those saving in some other state, or put the money under the mattress in my house (located in another state), my savings will not impact the economy of the state in any way whatsoever.

5 0
3 years ago
Additionally, as the price level rises, the impact on the domestic interest rate will cause the real value of the dollar torise
Akimi4 [234]

Answer:

rise, fall, rise, fall, fall, exchange rate

Explanation:

When there is a change in the level of price it will cause the real value to change as well. This is due to the fact that real value is basically relative price i.e., nominal value adjusted by inflation.

This rise in price effects the demand for exports, which in return falls due to higher goods rates. And the effect is opposite for imports which would now rise. The combination effect of imports and exports results in the change in the net exports which would also fall due to rise in imports and fall in the exports. Overall, this effect is known as the exchange rate effect.

7 0
3 years ago
Other questions:
  • Which of these statements is true of the hiring process
    13·2 answers
  • CompX Inc. is an online retailer of electronic products including laptops and tablets. The company is known for its unique appro
    14·1 answer
  • When used to introduce your speech, a good story or anecdote
    12·1 answer
  • he following information relates to current production of outdoor chaise lounges at Backyard​ Posh: Variable manufacturing costs
    12·1 answer
  • Two variables have a correlation coefficient equal to -0.65 from a sample size of 10. Which one
    7·1 answer
  • Suppose real GDP for a country is $1,200 billion. The GDP price index is 114.6. There are 25 million workers who work 36 hours p
    8·1 answer
  • Which financial planning document should you use to measure your current financial​ condition?
    5·1 answer
  • your grandmother tells you a dollar doesn't go as far as it use to. she says the "purchasing power" of a dollar is much less tha
    13·1 answer
  • Why do many companies find that providing employees a comprehensive benefits package that includes insurance, retirement investm
    7·1 answer
  • A stock currently sells for $49. the dividend yield is 3. 8 percent and the dividend growth rate is 5. 1 percent. What is the am
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!