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erastova [34]
3 years ago
5

The assets (what a business owns), liabilities (what a business owes), and capital (how much a

Business
1 answer:
Sati [7]3 years ago
8 0

Answer:

balance sheet

Explanation:

Businesses are required to prepare a balance sheet at the end of every financial year. The balance reports the net worth of a company. It lists all the assets and their values on one side and liabilities and equity on the side. The balance sheet follows the accounting equation to indicate the total assets on one side. It shows how the assets have been financed through liabilities and equity.

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True or False. A single working person may claim themselves as a dependent.
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Answer: I think it’s false

Explanation:

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A company borrowed $10,000 from the bank at 5% interest. The loan has been outstanding for 45 days. Demonstrate the required adj
baherus [9]

Answer:

The required adjusting entry would be to debit the Interest <u>expense</u> account and <u>credit</u> the Interest<u> </u><u>payable</u> account.

Explanation:

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In line with the general accounting rules, all expenses must be debited. Therefore, the interest expense has to be debited.

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The required adjusting entry would be to debit the Interest <u>expense</u> account and <u>credit</u> the Interest<u> </u><u>payable</u> account.

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Bingel [31]

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are qualified in there industry

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3 years ago
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tigry1 [53]

Answer:

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