Answer:
C) debit Cash $540 and Service Revenue, $280, credit Accounts Receivable, $820
Explanation:
The correct journal entry should have been:
Dr Cash 820
Cr Accounts receivable 820
But since the transaction was erroneously recorded as:
Dr Cash 280
Cr Sales revenue 280
an adjusting entry is necessary for the difference:
Dr Cash 540
Dr Sales revenue 280
Cr Accounts receivable 820
This way cash account will have increased by $280 + $540 = $820, sales revenue will remain unchanged $280 - $280 = $0, and accounts receivable will decrease by $820.
Answer: Edmond's budget line equation is 6V - 24G = 48
Explanation: A Budget Line is also called as Budget Constraint. It shows all the combinations of two commodities that a consumer can afford at given market prices and within the particular income level.
Let Punk video cassette = V
Garbage = G
Therefore, Edmond's budget line equation will be a combination of the punk video cassette less the garbage he is paid for equal to his allowances
6V - 24G = 48
Answer and Explanation:
Nonprofit organizations are not stressed over boosting benefit and rather need to expand yield. On account of a clinic this yield is patients who get more advantageous or on account of a college it is understudies who graduate that the nonprofit organizations need to increment. Simultaneously. they need to take care of the expenses of work and capital that go into keep their foundations running. This implies the pace of yield at which nonprofit organizations need to deliver ought to be when normal all out cost rises to the market cost with the goal that their benefits would be zero.
Answer:
The total cash due from the buyer at closing is $ 32700.
Explanation:
The total cash due from the buyer at closing is given by the sum of: the cost of the property plus the closing cost, minus the remaining balance of the first loan minus the note and deed of trust. So, we have:
Total_Cash= 150000+2500-89800-30000
Total_Cash= $ 32700
The total cash due from the buyer at closing is $ 32700.
Creating an emergency fund should be a top priority, because you need to have extra money in case an emergency comes up that requires money.
