The correct answer is a becuse i just did that questiom
Answer:
A. Dr Accounts Receivable for $569
Cr Supplies $569
Dr Supplies $108
Cr Accounts payable $108
B. Dr Cash $8820
Cr Fees earned $8820
Explanation:
Preparation of the entry to correct the following errors:
A. Dr Accounts Receivable for $569
Cr Supplies $569
Dr Supplies $108
Cr Accounts payable $108
B. Dr Cash $8820
Cr Fees earned $8820
($4410+$4410)
Answer:
Explanation:
The journal entries are shown below:
On January 1
Copyright A/c Dr $420,000
To Cash A/c $420,000
(Being copyright is purchased)
On December 31
Amortization A/c Dr $42,000
To Accumulated amortization A/c $42,000
(Being annual amortization is recorded)
The computation is shown below:
= Purchase value of copyright ÷ number of goods years
= $420,000 ÷ 10 years
= $42,000
Answer:
He should use a limit order.
Explanation:
Limit order is given to a broker to buy a stock at a specified price or a price that is better that the specified price. Here Debin order will be executed at a price $40 or below when he places a limit order .
Therefore, He should use a limit order.
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To learn more about multi-item, click here.
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