Answer:
Explanation:
According to the scenario, the following transaction can be put in journal as follows:
Date Account Titles Ref. Debit ($) Credit ($)
Oct. 1 Cash $28,490
Common stock $28,490
Oct.2 No journal
Oct.3 Office furniture $3,276
Accounts payable $3,276
Oct.4 Account receivable $3,600
Revenue on service $3,600
Oct.5 Accounts payable $850
Cash $850
Oct.6 Salary expense $2,500
Cash $2,500
Answer:
Ne Income 425
Explanation:
Revenue 2000
Salaries 1325
Travel expenses 250
Net Income 425
The cash basis is a method of recording accounting transactions for revenue and expenses only when the corresponding cash is received or payments are made
Answer:
Experiencing declining production capacity because net investment is negative.
Explanation:
Monetary value of all goods and services produced in the country are known as Gross Domestic Products. The economy is said to be inclining if the value of GDP rises. The value of GDP is directly associated with increasing production.
The perfectly competitive firm charges a price equal to marginal cost
monopolistic competitor firm charges a price greater than marginal cost.
Answer:
Explanation:
The sugar would dissolve in water. You could then pour off the solution and wash the remaining sand with a bit more water. Heat the water to evaporate it from the sugar, and the two are separated
