Answer:
1- Cash (Dr.) $ 47,000
Computer (Dr.) $ 40,000
Common Stock (Cr.) $ 87,000
2- Rent Expense (Dr.) $2,200
Cash (Cr.) $2,200
3- Office Supplies (Dr.) $2,000
Cash (Cr.) $2,000
10- Prepaid Insurance (Dr.) $2,200
Cash (Cr.) $2,200
14- Salaries Payable (Dr.) $14,000
Cash (Cr.) $14,000
24- Cash (Dr.) $14,000
Commission from Airline (Cr.) $14,000
28- Salaries Payable (Dr.) $1,300
Cash (Cr.) $1,300
29- Computer Repair Expense (Dr.) $300
Cash (Cr.) $300
30- Telephone Bill Expense (Dr.) $1,100
Cash (Cr.) $1,100
30- Dividend Payable (Dr.) $2,000
Cash (Cr.) $2,000
Explanation:
The company has incurred business transactions which are recorded in the system as journal entries. These entries are then posted to create ledgers which shows the summarize form of all the transactions. These ledger then create trial balance which displays complete account balances of all the transactions separately.
When the value of a country’s currency falls, the currency is <u>depreciating</u><u>,</u> so one unit of that currency can buy <u>fewer</u> units of other currency.
<h3>What is effect of a currency depreciation?</h3>
When there is a depreciation of a country's currency, its makes its export goods cheaper for foreigners and domestic residents find that foreign imports are more expensive.
Therefore, the correct dropdown includes <u>depreciating</u> & <u>fewer</u>.
Read more about currency depreciation
<em>brainly.com/question/8106383</em>
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