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Karolina [17]
3 years ago
15

F brown lent us 4000 giving us the money by cheque show in journal entry​

Business
1 answer:
Nastasia [14]3 years ago
3 0

Answer:

see below

Explanation:

This transaction is affecting the bank's balance and F brown accounts. It is increasing the bank balance( asset account) by 4000 and increasing accounts payable/F brown ( liabilities account) by 4000.

An increase in assets is debited while an increase in liabilities is credited.

the journal entry will be

Bank A/c Dr.  4000

F brown A/c                4000

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Categorize each transaction according to the U.S. account to which it belongs and the direction the money flows.
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Answer:

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3 0
3 years ago
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Answer:

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5 0
2 years ago
Two years ago, Margo deposited $500 into a savings account. One year ago, she deposited an additional $300, and today she deposi
gregori [183]

Answer: none is correct.

Explanation:

Given data:

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PV ( presents value )

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p = principal ( $500, $300, $800 )

r = rate = 4%

t = duration (time) ( 2years, 1 year and present ).

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Read 2 more answers
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