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maks197457 [2]
2 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]2 years ago
4 0
Credit $1300 from you cash or bank account and Debit $1300 to Principal account.
You might be interested in
Newark Company has provided the following information:
djverab [1.8K]

Answer:

$1829000.

Explanation:

Given: Cash sales, $540,000.

           Credit sales, $1,440,000.

           Sales returns and allowances, $99,000.

           Sales discounts, $52,000

Now, computing net sales of Newark.

Net sales= Cash\ sales+ Credit\ sales- Sales\ discount- Sales\ return

Net sales= 540000+ 1440000- 99000-52000

⇒ Net sales= 1980000- 151000

∴ Net sales= \$ 1829000

Hence, Newark´s net sales is $1829000.

7 0
3 years ago
Accounts payable has a normal beginning balance of $1,000. During the period, there were debit postings of $600 and credit posti
creativ13 [48]

Answer:

c. 900 credit

Explanation:

Account payable is a liability account and as such, the normal balance is in credit.

Opening balance = $1,000

Debit postings represents settlement of account payable.

Debit posting = $600

Credit postings are additions to the liability

Credit postings = $500

Ending balance = - $1,000 + $600 - $500

                          = -$900

Ending balance is a credit of $900. c. 900 credit

7 0
3 years ago
Algorithmic tasks are easier to automate than phronetic tasks. <br>,○ True <br>○ False​
Nostrana [21]

Algorithmic tasks are easier to automate than phronetic tasks. Therefore it's false.

<h3>What are algorithm tasks?</h3>

It should be noted that algorithmic tasks simply means tasks where one follows a set of prices to achieve a result.

In phronetic tasks, the main goal is to clarify values as power as a basis for praxis.

In this case, it's complicated than algorithm task.

Learn more about task on:

brainly.com/question/12831236

#SPJ1

4 0
1 year ago
A friend of yours is considering two cell phone service providers. Provider A charges $120 per month for the service regardless
erma4kov [3.2K]

Answer / Explanation:

To properly answer this question, we will first define some key terms which includes:

Surplus: This can be refereed to as an amount exceeding a particular requirement after it has been met.

Demand: This can be refereed to as the quantity of goods and serves a consumer or an individual is willing and pay for per time.

Now that we understand the basic concept above, we now refer back to the narrative of the question to try and answer t hem.

(a) With Provider A, the cost of an extra minute is $0. With Provider B, the cost of an extra minute is $1.

(b) With Provider A, my friend will purchase 150 minutes [= 150 – (50)(0)]. With Provider B, my friend would purchase 100 minutes [= 150 – (50)(1)].

(c) With Provider A, she would pay $120. With Provider B, he would pay $100.

(d) The figure below shows the friend’s demand. With Provider A, she buys 150 minutes and her consumer surplus is equal to (1/2)(3)(150) – 120 = 105. With Provider B, her consumer surplus is equal to (1/2)(2)(100) = 100

(e) I would recommend Provider A because she receives greater consumer surplus when buying from that provider.

7 0
3 years ago
A(n) _____ force represents the influences and trends originating in the human relationships of a society that may affect indust
makkiz [27]

Answer: sociocultural

Explanation:

got the answer

3 0
1 year ago
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