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
maks197457 [2]
3 years ago
5

Paid $1,300 towards principal of the notes payable What is the credit and debit for this?

Business
1 answer:
Roman55 [17]3 years ago
4 0
Credit $1300 from you cash or bank account and Debit $1300 to Principal account.
You might be interested in
Sadler Corporation purchased equipment to be used in manufacturing. The purchase was made at the beginning of 2015 by paying cas
il63 [147K]

Answer:

The journals entry to record depreciation on the equipment for 2016 will be:

Debit Depreciation expense $14,000

Credit Accumulated depreciation $14,000

<em>(To record depreciation expense for Year 2016)</em>

Explanation:

Under straight-line method, depreciation expense is (cost - residual value) / Estimated useful life = ($150,000 - $10,000) / 10 years = $14,000 yearly depreciation expense. This applies to Years 2015 and 2016.

The change in the estimate in Year 2017 will not affect the depreciation expense for 2016 based on the previous parameters,

6 0
3 years ago
What is the difference between earned income, passive income, and investment income?
Rudiy27

Explanation:

Earned income consists of income you earn while you are working a full-time job or running a business.

Passive income is income earned from rents, royalties, and stakes in limited partnerships.

Portfolio income is income from dividends, interest, and capital gains from stock sales.

4 0
2 years ago
The Equal Employment Opportunity Act of 1972 strengthened the Equal Employment Opportunity Commission, an agency created by the
PilotLPTM [1.2K]

The equal opportunity Act of 1972 strengthened the Equal Employment Opportunity Commission by

  • issuing guidelines for employer conduct.
  • mandating specific record keeping procedures.

<h3>What is the Equal Employment Opportunity Act?</h3>

This is the act of the government that helps to ensure that all employers treat people of the US in all befitting ways regardless of their genders, race and skin.

The act talked against discrimination, it upheld compensation and the work condition of employees.

Read more on Equal Employment Opportunity Act brainly.com/question/14774625

#SPJ1

4 0
2 years ago
My account is not working right, I need someone to get ahold of me or fix it. We ordered brainly plus and I've been charged but
Harman [31]

Answer: Have you tried to restart the app or browser? How long ago did you purchase it? If it was today or yesterday you may need to wait a bit.

Explanation: It takes time for the transaction to go through. Trust me, my mom works at a bank.

7 0
2 years ago
Read 2 more answers
To maintain good citizenship as a company and to make a fair profit on current operations are examples of _____. values
Radda [10]
Those are examples of values.
Values is a set of standard that held by certain individuals or group that would be a crucial factor in creating their moral codes.
Different companies may held completely different values based on what they want to achieve as their goals and identity.
7 0
3 years ago
Other questions:
  • 4. Identify and discuss the product branding of the product. Describe the brand and symbol or logo it uses. Provide an image of
    9·1 answer
  • Liabilities are the amounts of money due to others that need to be paid now. true or false
    14·2 answers
  • Aaron works as a marketing associate for Media Cloud Inc. He is currently working on an important project with a tight deadline.
    7·1 answer
  • Suppose that the Fed has decided to utilize the Taylor rule to implement monetary policy. If the actual federal funds rate targe
    7·1 answer
  • What do the indicators used by economists reveal about the economy?
    14·2 answers
  • The following information is available for Miguel Company at December 31, 2020: beginning inventory $160,000; ending inventory $
    10·1 answer
  • As a manager for XYZ Company. you are assigned to resolve a conflict between two departments of your organization.Both parties h
    9·1 answer
  • Imagine you are a consultant who has been asked to summarize the strengths and weaknesses of Directavia, a nation with a pure co
    14·1 answer
  • The designer department received 4 dresses in style 1 436 that retailed for R
    13·1 answer
  • When asked a difficult question during an interview, _____.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!