Answer:
It is beneficial because it makes money from the trade.
Answer:
In terms of the evolution of the internet,Web 2 point zero created online communities that connect buyers and sellers in new ways
Explanation:
Web 2 point zero as the name suggests is the second phase of internet advancement in that it transforms the internet from static web page into dynamic content as well as with the growth of social media channels.
Besides,the social media channels serve as platform for prospective sellers and buyers to connect and by extension to perfect business deals, thereby breaking the barriers of physical presence and the need to be operate in the same time zone.
Answer:
$5789
Explanation:
Calculation to determine the amount realized by Casey in the exchange
Fair market value of stock $5250
Add Cash in transaction $ 720
Add Liability which is going to the buyer $ 830
Less Selling expenses ($461)
Amount realized $5789
($5250+$720+$830-$461)
Therefore the amount realized by Casey in the exchange is $5789
Answer:
Transactions:
1. June 1 Monthly invests $4,000 cash in exchange for shares of common stock in a small welding business.
2. June 2 Purchases equipment on account for 1,200.
3. June 3 $800 cash is paid to landlord for June rent.
4. June 12 Bills P. Leonard $300 after completing welding work done on account.
Journal Entries:
1.
June 1 Dr. Cr.
Investment $4,000
Cash $4,000
2.
June 2 Dr. Cr.
Equipment $1,200
Account Payable $1,200
3.
June 3 Dr. Cr.
Rent Expense $800
Cash $800
4.
June 12 Dr. Cr.
P. Leonard (Receivable) $300
Welding Service Revenue $300
