1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
anygoal [31]
3 years ago
8

Terapin Company engages in the following external transactions for November.

Business
1 answer:
balandron [24]3 years ago
5 0

Answer and Explanation:

The journal entries are shown below:

1. Equipment Dr $21,300

          To cash $21,300

(Being the equipment is purchased for cash)

For recording this we debited the equipment as it increased the assets and credited the cash as it reduced the assets

2. Cash Dr $6,100

       To Service revenue $6,100

(Being the cash received is recorded)

For recording this we debited the cash as it increased the assets and credited the service revenue as it increased the revenue

3. Rent expense $900

       To Cash $900

(Being the rent is paid)

For recording this we debited the rent expense as it increased the expenses and credited the cash as it reduced the assets

4. Office supplies Dr

        To Account payable

(Being the office supplies purchased on account)

For recording this we debited the office supplies as it increased the assets and credited the account payable as it increased the liabilities

5. Salaries expense

           To cash

(Being the salaries paid is recorded)

For recording this we debited the salaries expense as it increased the expenses and credited the cash as it reduced the assets

You might be interested in
Which best ranks Agriculture, Food, and Natural Resources careers from highest to lowest required degree? Veterinarian → Nursery
pshichka [43]

Answer

Food is what we get from agriculture.

To rank the given option from the highest to lowest degree of importance, we need to do a little research on the each of the individual subjects.

these can be arranged in the following order.

(1) Food

(2) agriculture

(3) natural resources careers.

5 0
3 years ago
Read 2 more answers
Gwen deposits $5,000 with Home Bank on July 1, 2018. Home Bank promises to repay Gwen the $5,000 plus 1 percent annual interest
Allisa [31]

Answer:

certificate of deposit

Explanation:

A certificate of deposit (CD) is a financial instrument sold by banks

The bank gives this CD to Gwen. She cannot withdraw the cash until July 1, 2023

The certificate of deposit are risk-free investment. The difference with savings account is that a certificate of deposit has a fixed term and fixed interest rate and it is create with the idea of holding the title until maturity. Not doing so, may inccur in penalties so a portion of the interest will be negate.

As this is a financial instrument, the bank issued a title to the investor to recognize his investment.

7 0
3 years ago
Read 2 more answers
Suppose that Juan Carlos is filling out a survey that he received in the mail. The survey would do if the price of his favorite
GaryK [48]

Answer:

A. The definition of a market in determining the price elasticity of demand.

Explanation:

Price elasticity of demand is the height of responsiveness of demand or purchase to changes in price. It shows how consumers or buyers would react to the demand for a product when the price of their favourite brand increases.

Reaction of consumers in the market place is one of the determinants of price elasticity of demand. It tells how buyers will switch to different brand of products if the price of their favourite brand increases. It also shows how consumers will adjust their spending abilities if the price of all the brands are increased at the same time.

Alternatively, consumers would demand for the brand that falls within the limit of their spending.

4 0
3 years ago
A good time to Evaluate (the E in SMARTER) your long-term college or education goal would be __________
svlad2 [7]
D is the correct answer
6 0
3 years ago
Read 2 more answers
Bethany is doing a research project that involves several numbered lists and calculations. She wants to use technology to make t
N76 [4]

Answer:

D

Explanation:

Bc u can put lists in there and u can do the math in there too

4 0
3 years ago
Read 2 more answers
Other questions:
  • Recently, much of the western United States experienced a drought condition, and water usage was restricted in Denver. Yet, even
    5·1 answer
  • Was the first nonsedating antihistamine drug; however, it has been taken off the market due to adverse effects when combined wit
    15·1 answer
  • Millions of investors trade in primary and secondary markets. To protect their interests and to help maintain market_______ , th
    11·1 answer
  • Which of the following describes the stage in the economic cycle that follows growth?
    5·1 answer
  • 1. (30 points) Please elaborate what will happen to Net Earnings to Sales and Net Earnings to Total Book Assets when you observe
    10·1 answer
  • Janice started receiving an annuity payment of $1,500 per month when she turned 68 years old (expected return multiple for ordin
    14·1 answer
  • An owner of a corporation is known as a(n):Group of answer choicesLimited partner.Stockholder.General partner.Director.
    15·1 answer
  • Define bond economics.​
    15·1 answer
  • Companies and their customers working together to develop products that meet customer needs is known as​ ________.
    9·1 answer
  • When an accounts payable ledger is used, the Accounts Payable account in the general ledger becomes a(n) __________ account.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!