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2 years ago

8

An increase in personal income tax will ________ the amount of money consumers have to spend for food. a. increase c. replace b.

reduce d. not change

1 answer:

Anna71 [15]2 years ago

7 0

Answer

I think it is

Explanation:

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Exercise 2-10A Record transactions (LO2-4) Sun Devil Hair Design has the following transactions during the month of February.

Iteru [2.4K]

Record transactions means to record the ledger entries

Explanation:

Proper understanding of the Double Entry Principle is important, it says that “For every Debit entry there must be a corresponding credit entry and vice versa”

It is also important to note that Debit the Receiver and Credit the giver - this is how transactions are recorded, understanding who is giving the money and who is receiving it.

Sun Devil Hair Design

Feb 2nd Dr Advertisement Account $700 and Cr Bank $700

Being advertising paid for the month of February

Feb 7th Dr Purchases Account $1,300

Cr Trade Creditor $1,300

Being purchases bought on credit

Feb 14th Dr Cash Account $2900

Cr Customers Account $2,900

Being cash sales

Feb 15 Dr Salaries $900

Cr Cash $900

Being salaries paid for the month of February

Feb 25 Dr Trade Receivables $1000

Cr Credit Sales $1000

Being goods bought on credit

Feb 28th Dr Utility $300

Cr cash $300

Being utility paid in cash

Note: It is important to include narrations of transactions that way any user of the account understands the transactions that have taken place

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3 years ago

Read 2 more answers

Ivanhoe Company issued $250,000 of 10%, 20-year bonds on January 1, 2022, at face value. Interest is payable annually on January

Ivanshal [37]

Answer:

Dr. Cash $250,000

Cr. Bond Payable $250,000

Explanation:

Bonds issued are the liabilities for the company because it company received cash against the bonds which will be paid at maturity along with the interest.

As cash is an asset and it is being received, to increase the value of cash balance we debited the cash account. The bond is a liability and to add a value in a liability account we need to credit the bond payable account.

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3 years ago

Network Analytics Inc. (NAI) recently made a sale to a foreign trading partner, but the customer does not need to make a payment

emmainna [20.7K]

Answer:

The question is missing the options which can be found in the attached.

The correct option is banker's acceptance

Explanation:

Banker's acceptance is a guarantee by a bank to the exporting party to pay a sum of money at specific date.

In international business, exporters would require additional security against their receivable usually request for a banker's acceptance also known as bill of exchange.

The bank pays the exporter a discounted amount as agreed then chase the importer for the full value of the transaction.The difference between the discounted amount paid by the bank and the full value recoverable from the importer is the bank's margin.

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3 years ago

Simons Company purchased land to build a new factory. The following expenditures were made in conjunction with the land purchase

Alexandra [31]

Answer: attached

Explanation:

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3 years ago

Economists differ in their views of the role of the government in promoting economic growth. at the very least, the government s

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<span>Economists differ in their views of the role of the government in promoting economic growth. at the very least, the government should lead the country.</span>

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2 years ago