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3 years ago

For each of the following transactions, select the account to be debited and the account to be credited in the general journal.

Business

1 answer:

noname [10]3 years ago

5 0

Answer:

a. Dr Cash

Cr Capital

b. Dr Cash

Cr Rent

c. Dr Office supplies

Cr Accounts Payable

d. Dr Cash

Cr Accounts Receiveble

e. Dr Cash

Cr Accounts Receiveble

f. Dr Accounts Receiveble

Cr Services

g. Dr Cash

Cr Accounts Receiveble

Explanation:

Based on the information given the account to be debited and the account to be credited in the general journal will be:

a. Dr Cash

Cr Capital

b. Dr Cash

Cr Rent

c. Dr Office supplies

Cr Accounts Payable

d. Dr Cash

Cr Accounts Receiveble

e. Dr Cash

Cr Accounts Receiveble

f. Dr Accounts Receiveble

Cr Services

g. Dr Cash

Cr Accounts Receiveble

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Answer:

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Explanation:

We use the annuity formula for present value

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We post our know values and start solving for time:

$1000 * \frac{1-(1+0.005)^{-time} }{0.005} = 180,000$

First we clear the dividend:

$1-(1+0.005)^{-time} = 180,000/1000\times 0.005$

Then we clear for the power

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$log_{1.005}\: 0.1 = -time$

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3 years ago

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Marina86 [1]

Answer:

A. Inelastic

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Explanation:

A supply is inelastic when a percentage change in quantity supplied is less than percentage change in price.

A supply is inelastic if the price elascitiy is less than 1.

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3 years ago

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White Lion Homebuilders is considering investing in a one-year project that requires an initial investment of $500, 000. To do s

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Answer:

Explanation:

a) Required around for investment is $500,000

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Total amount require to issue =

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Employability.

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Answer:

The above statement is true .

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