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
ruslelena [56]
3 years ago
15

The following transactions occur for Cardinal Music Academy during the month of October: a. Provide music lessons to students fo

r $9,000 cash. b. Purchase prepaid insurance to protect musical equipment over the next year for $3,240 cash. c. Purchase musical equipment for $12,000 cash. d. Obtain a loan from a bank by signing a note for $14,000. Record the transactions. The company uses the following accounts: Cash, Prepaid Insurance, Equipment, Notes Payable, and Service Revenue.
Business
1 answer:
Licemer1 [7]3 years ago
6 0

Answer:

Part a

Debit : Cash $9,000

Credit : Service Revenue $9,000

Part b

Debit : Prepaid Insurance $3,240

Credit : Cash $3,240

Part c

Debit : Equipment $12,000

Credit : Cash $12,000

Part d

Debit : Cash $14,000

Credit : Loan Payable $14,000

Explanation:

Step 1 : Identify the Accounts affected in each and every transaction.

Step 2: Then determine if this Account is increasing or decreasing.

Step 3 :The journal entries have been prepared above.

You might be interested in
Camino’s cost of goods sold and operating expenses are 80 percent variable and 20 percent fixed. Camino has received an offer fr
aniked [119]

Answer: -$140000

Explanation:

Total operating expenses, = fixed costs + variable cost

Fixed cost is 20% = $60000

Variable cost is 80%

Therefore Total Operating expenses is $300000

When we subtract the total operating expenses (300000) from the total revenue (160000) , we get -140000.

Camino's is having a net operating loss of $140000. To make profit, they need to sell above 37500 cups

7 0
2 years ago
Classified ads are printed only in newspapers. True False
katovenus [111]
The answer is false i hope this helps :3
4 0
3 years ago
Read 2 more answers
Dale’s young son does not know much about his dad’s job but he does know that his dad works at the Chevy Manufacturing Plant. Da
noname [10]

Answer:

Dale would explain that he makes sure that everything is running smoothly and that he has to make sure that everyone is doing everything correctly.

Explanation:

I got 15/15 on the questions. :)

Also, make sure you rewrite a few words so you don't get in trouble!

4 0
2 years ago
What are the implications of using criteria, such as baldrige, in assessing organizational culture needs? explain
KIM [24]

The implications of using criteria, such as baldrige, in assessing organizational culture needs to:

-Identify successes and opportunities of organization for improvement.

-Jump and start a new change initiative

-Energize the improvement initiatives

-Energize the workforce by motivating.

-Focus whole organization on common goals

-Assess the performance against the competition

-Align resources with  some strategic objectives

Baldrige self-assessment helps organizations to assess whether they are developing and deploying a good, balanced and systematic approach for running the organization.

No matter the organization is large or small, and no matter your industry or sector, you can use the Baldrige  Criteria to conduct a self-assessment of the organization.

It provides the best way to evaluate how well your organization is meeting its goals and objectives. Organizations use it to evaluate their processes and their impact on results.

To know more about Baldrige criteria here:

brainly.com/question/27960097

#SPJ4

7 0
1 year ago
What is artificial selection
rusak2 [61]

Artificial selection is the intentional reproduction of individuals in a population that have desirable traits. In organisms that reproduce sexually, two adults that possess a desired trait — such as two parent plants that are tall — are bred together.

7 0
3 years ago
Read 2 more answers
Other questions:
  • Allison is contemplating a job offer with an advertising agency where she will make $54,000 in her first year of employment. Alt
    15·1 answer
  • All insurance companies charge the same rate for a given person. True False
    13·2 answers
  • Name seven things needed for manufacturing
    13·1 answer
  • Gordon Jones is considering purchasing a computer from Best Buy. He has created a scale for rating eight different computers on
    9·1 answer
  • You are given the following information: Stockholders' equity as reported on the firm’s balance sheet = $4 billion, price/earnin
    15·1 answer
  • A company uses radio frequency identification (RFID) tags to keep track of its inventory. This is an example of the impact of te
    8·1 answer
  • PLEASE ANSWER FOR BRAINLIEST How is the Lucy v. Zehmer case similar to the TV series Suit: 'Napkin Contracts'? How are they diff
    14·1 answer
  • Jason Ford, the CEO of the Green-Plus Company, was known among businesspeople for his qualities of self-discipline, friendliness
    14·1 answer
  • Value a Constant Growth Stock Financial analysts forecast Best Buy Company (BBY) growth for the future to be 14.00 percent. Thei
    14·1 answer
  • . Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500 Cash Allowance straight of
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!