Answer:
Debit Office Supplies Expense $250, Credit Office Supplies on Hand $250
Explanation:
The journal entry is shown below
Supplies expense Dr ($350 - $100) $250
To Supplies $250
(being the supplies expense is recorded)
For recording this we debited the supplies expense as it increased the expense and credited the supplies as it decreased the assets
Hence, the last option is correct
The interest expense for the year ended December 31, 2021, for Blanchard Corporation is b) $9,000.
<h3>How is interest expense computed?</h3>
Interest expense is prorated. Since Blanchard Corporation issued the notes on April 30, the interest expense for the year will not be for 12 months but only 8 months (May to December).
<h3>Data and Calculations:</h3>
Note payable = $150,000
Interest rate = 9%
Period of note = 1 year
Date of issuance = April 30, 2020
Interest expense at December 31, 2021 = $9,000 ($150,000 x 9% x 8/12)
Thus, the interest expense for the year ended December 31, 2021 is b) $9,000.
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Answer:
Possible options:
A) 1.79 percent decrease
B) 1.79 percent increase
C) 1.6 percent decrease
D) 1.97 percent increase
E) 1 percent decrease
Answer is A
Explanation:
N = 13X2=26
I/Y = 5.7/2
PV =-1027.28
PMT = 30
FV = 1000change
I/Y to 5.5/2
10463
change between 1046.0056 to 1027.25
1- F/I (decrease)
or I-F/I
(1046.0056/1027.25) / 1046.0056
Assume that there are no fixed costs and ac = mc = $200. at the profit-maximizing output and price for a monopolist, the producer surplus is $3200.
The government provides public services such as railroads. They are therefore the monopoly as no new partners or private companies are allowed to operate the railways. A monopoly is an individual, group, or company that controls a market for goods or services.
A monopolist is a person, group, or company that controls and controls the market for a particular good or service. This lack of competition and lack of alternative goods or services means that monopolists have enough power to charge high prices in the market.
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