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Anvisha [2.4K]
2 years ago
14

Martinez Corp. has the following transactions during August of the current year.

Business
1 answer:
Vinvika [58]2 years ago
6 0

Answer:

Aug 1

Cash                                      $10930 Dr

     Common Stock                      $10930 Cr

Aug 4

Prepaid Insurance                  $1760 Dr

      Cash                                       $1760 Cr

Aug 16

Cash                                 $810 Dr              

    Service Revenue               $810 Cr

Aug 27

Salary Expense                     $570 Dr

       Cash                                     $570 Cr

Explanation:

Aug 1

The receipt of cash in exchange of common stock is recorded as a debit to cash which is an asset and a credit to common stock which is capital

Aug 4

Prepayment of any expense is recorded as a current asset. Thus, prepaid insurance is debited as asset increases and cash is credited as cash decreases.

Aug 16

The receipt of cash in exchange of service provision is recorded as a credit to service revenue and a debit to cash

Aug 27

Payment of salary is an expense and is recorded as a debit to salary expense and a credit to cash.

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The abuse of children is a symptom of _____.
ra1l [238]

Answer:

lack of parental care and training

Hope that helps!

4 0
3 years ago
Read 2 more answers
The three "R's" of socially responsible business are "reuse," " recycle," and "____."
vagabundo [1.1K]

Answer:

Reduce

Explanation:

Reduce

Reuse

Recycle!

6 0
2 years ago
Read 2 more answers
A stock will have a loss of 13.6 percent in a recession, a return of 12.3 percent in a normal economy, and a return of 27 percen
SpyIntel [72]

Answer:

Standard deviation =21.34

Explanation:

<em>Standard deviation is measure of the total risks of an investment. It measures the volatility in return of an investment as a result of both systematic and non-systematic risks. Non-systematic risk includes risk that are unique to a company like poor management, legal suit against the company .</em>

<em>Standard deviation is the sum of the squared deviation of the individual return from the mean return under different scenarios</em>

Expected return (r) = (13.6% × 0.33 ) +  (12.3% × 0.36)  + (27%× 0.31)=17.3%

Outcome           R       (R- r )^2           P×(R- r )^2

Recession        13.6       13.6                 4.5

Normal         12.3         24.9                  8.9

Boom           27%        94.4              <u>     29.3 </u>

Total                                                <u>   42.7 </u>

Standard deviation = √42.7 = 21.34

Standard deviation =21.34

3 0
2 years ago
Suppose you deposit ​$1 comma 700 cash into your checking account. By how much will the total money supply increase as a result
puteri [66]

Answer:

$17,000

Explanation:

Amount Deposited into checking account = $1,700 cash

Required reserve ratio = 0.10

Money multiplier = 1 ÷ Required reserve ratio

                            = 1 ÷ 0.10

                            = 10

Change in money supply = Amount deposited × Money multiplier

                                          = $1,700 × 10

                                          = $17,000

Therefore, the increase in total money supply would be $17,000.

6 0
2 years ago
On June 7, Pixer Co. sells $1500 of merchandise to Jasmine Co. on account. Jasmine Co. pays for this merchandise on June 21. a.
Musya8 [376]

Answer:

a.

Debit Accounts Receivable $1,500

Credit Sales $1,500

b.

Debit Cash $1,500

Credit Accounts Receivable $1,500

Explanation:

On June 7, Pixer Co. sells $1500 of merchandise to Jasmine Co. on account.

Pixer's books records the sale by the entry:

Debit Accounts Receivable $1,500

Credit Sales $1,500

On June 21, Jasmine Co. pays for this merchandise. Pixer's books records the receipt of payment by the entry:

Debit Cash $1,500

Credit Accounts Receivable $1,500

7 0
2 years ago
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