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Answer:
Sheridan Company journal entries:
June 10
- Dr Merchandise inventory 7,700
- Cr Accounts payable 7,700
June 11
- Dr Merchandise inventory 430
- Cr Cash 430
June 12
- Dr Accounts payable 800
- Cr Merchandise inventory 800
June 19
- Dr Accounts payable 6,900
- Cr Cash 6,693
- Cr Merchandise inventory 207
Answer: Brian will have $700 dollars to pay the medical bill balance
Explanation: You already know your total is $3,000. Subtract 3,000 - 2,300, which will give you $700.00
Answer:
A Mortgage Backed Bond is:
e. A loan in which security interest in real estate is granted by a borrower.
Explanation:
A mortgage backed bond is tied to or secured on a real estate asset. This implies that the bond is not just a promise to pay a debt obligation but the attached promise is secured or backed by some real assets. There is extra security provided for the bond because specific assets are identified as securities for the bond. Since the bonds are associated with some real assets, the assets can be traded in the event that the debt obligations are not met.
