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3 years ago

What are the five main columns of a journal?

1 answer:

6 0

The general journal is used to track categories of transactions and includes all company transaction. All journal entries are recorded in the general journal.
The five main columns of a journal are: date, account titles, posting reference, debit, and credit columns.

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Which are results of regulation in a mixed-market economy? Check all that apply.

solong [7]

Answer: Option 1 and Option 5

Explanation:

In mixed economies under the government regulation most of the production is done by private ownership. There is very little government intervention. The main aim of the government intervention is to make sure that the private business activities comply with the law of the country.

Another result of government regulation is to control the externalities created by these business structures. Government ensures there is no externality which affects the market as well as the people. Due to these regulations there is no advantages for producer or government. Also the markets cannot be controlled with these regulations in mixed market economy.

8 0

4 years ago

Read 2 more answers

Boyd Corp. issued $1,500,000 of 9% nonconvertible bonds at 107, due in 10 years. Each $1,000 bond was issued with 45 detachable

FrozenT [24]

Answer:

Cash 1.605.000‬‬ debit

Discount on Bonds payable 279,480 debit

Bonds payable 1,500,000 credit

Warrant on stock 384,480‬ credit

Explanation:

cash proceeds:

1,500,000 x 107/100 =

bond par value $1,000

warrants 45 x $7= $315

Total $1,315

Issued at 107 which is 1,000 x 107/100 = 1,070

bonds issued: 1,500,000 / 1,000 = 1,500

bonds payable: 1,070 x 1,000/1,315 = 813,68 x 1,500

discount on bonds: 1,000- 813,68 = 186,32‬ x 1,500

stock warrants 1.070x315/1,315=256,31 x 1,500

4 0

4 years ago

Do you think it is best to keep track of finances using a check register, a bank statement, or both? Why?

aalyn [17]

It is best to keep both a check register and then to reconcile your bank statement with your check register. That means you have recorded everything that has happened.

7 0

3 years ago

If you put $7000 in a saving account that earns 2% interest for 10 years, how much will you have in

blondinia [14]

Answer:

1) 56,000

2) 9,950

3) 8,479

4) 25,500

Explanation:

1)20% of 70.000=56.000

2)5% of 10.000=9.950

3)21% of 10.500=8.479

4)15% of 30.000=25.500

4 0

3 years ago

A note receivable due in 18 months is listed on the balance sheet under the caption A. long-term liabilitiesB. fixed assetsC. cu

MAVERICK [17]

Answer:

Investments

Explanation:

If the note receivable is expected to be received in 12 then it is listed as a Current Asset else as Investments.

For further detail in how you can recognize Financial instrument ,please refer to the accounting rules for this type of accounts in https://www.iasplus.com/en/standards/ias/ias39

3 0

3 years ago