Answer:
D. debit card
Explanation:
A debit card is an electronic card that enables customers to access their bank accounts via an ATM. An ATM ( Automated Teller Machine) is a banking outlet that allows customers to perform basic banking services such as deposits, withdrawals, transfers, and balance inquiries without stepping into the banking hall.
A customer needs to have their debit card and the PIN to access their bank account via the ATM.
B. Find the difference between debits and credits
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The company's ending Equipment balance equals a $106,000 balance.
<h3>Ending Equipment balance</h3>
Using this formula
Ending Equipment balance= Beginning Equipment balance+New equipment- Ending Equipment balance
Where:
Beginning Equipment balance=$100,000
New equipment=$10,000
Ending Equipment balance=$4,000
Let plug in the formula
Ending Equipment balance=$100,000+$10,000-$4,000
Ending Equipment balance=$106,000
Inconclusion the company's ending Equipment balance equals a $106,000 balance.
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Answer:
For the items listed below, indicate whether the item is an asset, liability, income statement or stockholders' equity item
1) Rent expense - Expense (Income statement)
2) Equipment - Asset
3) Account payable - Liability
4) Common stock - Stockholder's equity
5) Insurance Expense - Expense (Income statement)
6) Cash - Asset
7) Account receivable - Asset
8) Retained earnings - Stockholder's equity
9) Service revenue - Income (Income Statement)
10) Notes payable - Liability
Explanation:
Items in the financial statement can be classified as Income, Expense, Asset, Liability or Equity