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Anika [276]
2 years ago
5

Which of these is NOT a barrier to trade?

Business
1 answer:
Anton [14]2 years ago
7 0

Answer:

All the options are correct

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Answer and Explanation:

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b Cash $840,000

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(To record cash received on season sales)  

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c Cash $300,000

      Note payable  $300,000

(To record note payable issued on borrowed amount )  

Adjusting entry:  

Interest expense ($300,000 × 6% ÷ 12) $1,500

         Interest payable   $1,500

(To record interest payable due)  

d Prepaid advertising 3,500

          To Cash 3,500

(To record cash paid for advertising)  

Adjusting entry:  

Advertising expense ($3,500 ÷  60) × 20 $1,167

   To prepaid advertising  $1,167

e No entry  

Adjusting entry:  

Accounte receivable ($160,000 × 8%) $12,800

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(To record amout due)  

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D) all of the above because you should be doing all of these during an interview 
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