Answer:
Following are the Journal entries of the give scenario.
July 31
Debit: Cash = $2,076
Credit: Account Receivable = $2,076
The transaction is processed to record the electronic fund transfer received by the bank.
July 31
Debit: Bank Services Charges = $41
Credit: Cash = $41
The Transaction is Processed to record the bank service charges.
Answer: C. occurs when aggregate planned expenditure exceeds real GDP, so firms increase production and real GDP increases
Explanation:
When the Aggregate expenditure which is also known as Aggregate demand, exceeds the real GDP, it means that there is more demand for goods in the economy than the economy has currently produced.
Producers would therefore increase their production level in order to meet up with the new demand and return to a level of inventory that they are comfortable with. This increased production was not planned so any inventory it yields is unplanned as well.
Answer:
Goods shipped by the owner to the consignee who sells the goods for the owner.
Explanation:
Consignment goods -
It refers to the goods holded by the consignee which is responsible for selling the goods , is referred to as consignment goods .
The consignee receives certain amount of money as commision for the goods .
This method is used by many manufacturing firm , to have a smooth and proper distribution of goods and services .
Hence , from the given question ,
The correct option is first one .
You have to make sure all debits and credits in the account are accounted for. if you are balancing your checkbook, then your bottom amount should match your bank statement