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weqwewe [10]
3 years ago
13

Journalizing Adjusting Entries Journalize the following adjusting entries in the general journal below.

Business
1 answer:
Zarrin [17]3 years ago
7 0

Answer:

See below

Explanation:

1. Supply expense.                   700

       Supplies inventory.                        700

2. Insurance expense.              650

        Prepaid insurance.                         650

3. Depreciation expense.          200

        Accumulated Depreciation.           200

4. Wages expense.                    100

         Wages payable.                             100

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seropon [69]
B) Marketing Research
5 0
2 years ago
In a situation where the investor exercises significant influence over the investee, which of the following entries is not actua
Aneli [31]

Answer:

2) Debit to Cash (for dividends received from the investee), and a Credit to Dividend Revenue.

Explanation:

Whenever the investment is made in shares of a company where the investor can exercise significant influence, then equity method is used.

Under equity method, it is that all incomes of investee company are incomes of investor company.

And any amount of income received as a distribution is deducted from the carrying value of investment, as reduces the cost of investment.

Thus, any dividend received is debited and investment account is credited.

Dividend is never treated as dividend revenue.

Thus, option 2 is not correct.

7 0
3 years ago
Cody Barnett describes starting and managing your own business as
artcher [175]

Answer:

Time consuming.

Explanation:

More and more people dream of having their own business not only to dedicate themselves to doing something they like, but also to have more freedom with their time and money.

However, despite the increase in the number of people with this entrepreneurial spirit, not all of them have a deep knowledge of what it means to undertake and are not well aware of the advantages, disadvantages, how to start a business and what kind of profitable businesses can be developed. In addition, many people do not know that setting up their own business is difficult, laborious and time consuming and requires a lot of patience, perseverance and dedication.

4 0
3 years ago
The basic difference between macroeconomics and microeconomics is: In a command economy, the __________ either makes most econom
Novay_Z [31]

Question 2 options are;

- government

- market

- firm

- business sector

Answer:

1. microeconomics concentrates on the behavior of individual consumers and firms, while macroeconomics focusses on the performance of the entire economy.

2. government.

Explanation:

1. Indeed, the government in a command economy (like China) makes most economic decisions itself or at least strongly influences how the decisions are made.

2. We note that the word 'macro' indicates large scope, while 'micro' indicates a smaller scope. And so, the difference is that microeconomics concentrates on the behavior of individual consumers and firms, while macroeconomics focusses on the performance of the entire economy.

5 0
3 years ago
Identify two components from the business environment and support them with one example of each​
aev [14]
Business environment is simply the environment in which the business operates.

It includes the industry situation, the customers, the suppliers, the demand and supply of products of business, competitive position, government regulations, and everything that affects the business, directly or indirectly.
3 0
1 year ago
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