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2 years ago

Journalize the following selected transactions for January. Journal entry explanations may be omitted.

Business

1 answer:

ycow [4]2 years ago

3 0

Answer and Explanation:

The journal entries are shown below:

On Jan 1

Cash $14,000

To Capital owner $14,000

(being cash received)

On Jan 2

Cash $9,500

To Account service revenue $9,500

(being cash received)

On Jan 3

Account receivable $4,200

To Service revenue $4,200

(being service provided on account)

On Jan 4

Advertising expense $700

To Cash $700

(being cash paid is recorded)

On Jan 5

Cash $2,500

To Account receivable $2,500

(being cash received)

On Jan 6

Owner drawings $1,010

To cash $1,010

(being cash paid is recorded)

On jan7

Telephone expense $900

To Account payable $900

(Being telephone bill received)

On Jan 8

Account payable $900

To cash

(being cash paid is recorded)

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2 years ago

When economists are sketching examples of demand and supply, it is common to sketch a demand or supply curve that is close to ve

Hitman42 [59]

Answer:

a. inelastic

Explanation:

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I hope you find this information useful and interesting! Good luck!

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3 years ago

If a family spends its entire budget in a given time frame, the family can afford either 10 restaurant meals or 30 home meals. A

Andrej [43]

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2 years ago

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kirill115 [55]

Answer:

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Explanation:

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