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Vinvika [58]
3 years ago
6

Boyd Docker engaged in the following activities in establishing his photography studio, SnapShot!:

Business
1 answer:
WARRIOR [948]3 years ago
4 0

Answer:

1. Dr Cash $8,290

Cr Common stock $8,290

2. Dr Supplies $980

Cr Cash $390

Cr Accounts payable $590

3. No Entry $0

No Entry $0

Explanation:

Preparation of the entries to record the transactions

1. Based on the information given if he deposited the amount of $8,290 of his own money into this account in exchange for common stock the journal entry will be:

Dr Cash $8,290

Cr Common stock $8,290

(Being To record the investment)

2. Based on the information given in a situation where he Purchased photography supplies at a total cost of the amount of $980 which means that if The business paid the amount of $390 in cash, and the balance is on account the journal entry will be:

Dr Supplies $980

Cr Cash $390

Cr Accounts payable $590

($980-$390)

(Being To record the purchase of supplies)

3. Based on the information given in a situation where he Obtained the estimates on the cost of photography equipment from the three different manufacturers which means that no transaction or entry will be recorded.

No Entry $0

No Entry $0

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Select the correct answer from each drop-down menu. What is the basis for the calculation of interest payable by various financi
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The interest payable is calculated based on the principal, interest rate, number of years of the loan or of the deposit.

Explanation:

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3 0
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Which of the following is a characteristic of an unstructured interview?
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C. Common in small businesses

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Therefore, the approximate heating, ventilation, and air conditioning (HVAC) revenue the landlord will realize is $78,375.

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