Double entry, a fundamental concept underlying present-day bookkeeping and accounting, states that every financial transaction has equal and opposite effects in at least two different accounts. It is used to satisfy the accounting equation:
Assets
=
Liabilities
+
Equity
Assets=Liabilities+Equity
With a double entry system, credits are offset by debits in a general ledger or T-account.
So debit is the answer
Answer:
$4,480
Explanation:
The total amount to be recorded as expense would include the cost of the item purchased an the values of the applicable taxes.
As such, the advertising expense would include the value of the goods and services tax as well as the provincial sales tax with both tax rates applied to the applicable cost.
Goods and services tax = 5% × $4,000
= $200
Provincial sales tax = 7% × $4,000
= $280
Total debit to advertising expense
= $4,000 + $200 + $280
= $4,480
If the amount of variability due to within-group differences is equal to the amount of variability due to between-group differences, your F value will be equal to one (1).
<h3>What is the F value?</h3>
In biology, the F value is a statistic used to estimate the variation level between different groups that can be explained by collected data.
The F value is used to test (either confirm or reject) a given explanation of data, which is known as the null hypothesis.
In conclusion, if the amount of variability due to within-group differences is equal to the amount of variability due to between-group differences, your F value will be equal to one (1).
Learn more about the F value here:
brainly.com/question/24515272
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Answer:
Date Accounts Titles and Explanations Debit Credit
Sept, 11 Cash $450
2016 Sales $450
(To record the Cash Sales)
Sept, 11 Warranty Expenses $40.50
2016 ($450 x 9%)
Estimated Warranty Payable $40.50
(To record the Warranty Expenses)
July, 24 Estimated Warranty Payable $32
2017 Repairs Parts Inventory $32
(To record the material taken from Inventory)
