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stealth61 [152]
3 years ago
14

Adam’s Computer Shop had the following transactions last week. Record the general journal below.

Business
1 answer:
Setler [38]3 years ago
4 0

Answer:

Oct 1

Dr Supplies $620

Cr Accounts Payable $620

Oct 6

Dr Cash $350

Cr Fees Earned $350

Octd 7

Dr Equipment $2500

Cr Cash$900

Cr Accounts Payable $1400

Oct 9

Dr Accounts Payable $620

Cr Cash $620

Explanation:

Preparation of the journal entries

Oct 1

Dr Supplies $620

Cr Accounts Payable $620

Oct 6

Dr Cash $350

Cr Fees Earned $350

Octd 7

Dr Equipment $2500

Cr Cash$900

Cr Accounts Payable $1400

($2,500-$900)

Oct 9

Dr Accounts Payable $620

Cr Cash $620

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Answer:

The answer is D. Accumulated depreciation

Explanation:

Accumulated depreciation is the sum total of the depreciation recorded for certain assets.

6 0
3 years ago
In the week about to begin, a bank expects $30 million in incoming deposits, $20 million in deposit withdrawals, $15 million in
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Answer:

The answer is E. $15 million

Explanation:

We have the bank's net liquidity position is equal to its Cash inflow - Cash outflow.

Cash inflow = incoming deposits + revenues from the sale of nondeposit services + customer loan repayments + sale of bank assets + money market borrowings= 30 million + 15 million + 25 million + 5million + 45 million = $120 million

Cash outflow =  deposit withdrawals + acceptable loan requests + repayments of bank borrowings + cash outflows to cover other operating expenses + dividend payments to its stockholders = 20 million + 60 million + 10 million + 5 million + 10 million = $105 million

So, net liquidity position is:  120 million - 105 million = $15 million.

So, the answer is E. $15 million.

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3 years ago
In the context of Camp Bow Wow, which of the following is likely to be affected and shaped by founder Heidi Ganahl's inspiration
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c.Internal environment

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3 years ago
Why is career planning important?
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You are bullish on telecom stock. the current market price is $110 per share, and you have $22,000 of your own to invest. you bo
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Answer:

9.4%

Explanation:

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