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balandron [24]
3 years ago
14

Jax Recording Studio purchased $7,800 in electronic components from Music World. Jax signed a 60-day, 8% promissory note for $7,

800. Music World's journal entry to record the sales transaction is:
Business
1 answer:
AveGali [126]3 years ago
3 0

Answer:  Debit Notes Receivable          7,800  

Sales(to record sales)   7,800

Explanation:

When a customer signs a promissory note in exchange for commodity then the entry to record sales is recorded by debiting notes receivable.

here,  sales = $7,800 = Debit Notes Receivable  

The entry to record the sales transaction would be

Debit Notes Receivable          7,800  

Sales(to record sales)   7,800

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International data show a positive correlation between income per person and the health of the population.
Y_Kistochka [10]

Answer:

True

Explanation:

In the case when the person income is high so he have an opportunity to have a good food, healthy environment, health care, etc this represents that the higher income defines the good health and if a person is healthy so he would work in efficient way as compared with the sick person

Therefore the given statement is true

3 0
3 years ago
Which is the best general statement about the role of government in business in the United States? O A. Government determines wh
NikAS [45]
The answer is B hope that helps
3 0
2 years ago
If the price level is 100 for 1996 and the price level is 103.3 in 1998, a nominal GDP in 1998 of $8,800 billion would mean that
ella [17]

Answer: b. $8,518.9 billion.

Explanation:

Nominal GDP is calculated with current prices which means that the effects of inflation are present.

Real GDP removes this effect by basing the GDP calculation on the prices of a previous period:

Real GDP = Nominal GDP * 100/ Price level

= 8,800 * 100/ 103.3

= $8,518.877

= $8,518.9 billion

4 0
3 years ago
Imagine that you are reading one of your favorite magazines. if you see a logo and recognize the brand as it is being presented
gizmo_the_mogwai [7]

Assuming you see a logo and recognize the brand as it is being presented to you, this is an example of Aided recall.

<h3>What is aided recall?</h3>

Aided recall can be defined as the process in which a person is being asked a question partaining to the advertisement he/she saw.

Aided recall in important as it help to create product awareness and it enables people to recognize a brand based on the advert they saw and to showcase their knowledge about the advert when asked.

Inconclusion this is an example of Aided recall.

Learn more about Aided recall here:brainly.com/question/24106562

3 0
2 years ago
Recording partner's original investment Instructions Kimberly Payne and Arionna Maples decide to form a partnership by combining
levacccp [35]

Answer and Explanation:

The Journal entry is shown below:-

Cash A/c Dr, $20,000  

Accounts Receivables A/c Dr, $140,000

($145,000 - $5,000)

Inventory A/c Dr, $101,700  

Equipment A/c Dr, $81,200.

     To Allowance for doubtful Accounts $4,400

     To Payne's Capital A/c $338,500

(Being assets contributed by partner in business is recorded)

For recording the assets contributed by partner in business we simply debited the cash account, accounts Receivables, Inventory and Equipment as increase the assets while we credited the Allowance for doubtful Accounts as it decreasing the assets and Payne's Capital as increasing the stockholder equity.

7 0
3 years ago
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