I would say that it is a CHECKING ACCOUNT. The answer for this would be option A. This type of account can be accessed anytime which makes its liquidity very high, but on the other side, this has very low interest and the minimum balance required is also low. Hope this helps.
The adjusting entry made on December 31 by Fragment company would be: A debit to Unearned Revenue and a credit to Rent Revenue for $2,475.
<h3>What is revenue?</h3>
Revenue is income earned by an individual or a business from the sale of any products or services offered. It is the value of all sales of goods and services recognized by a company in a period.
Amount unearned = Amount of total rent (3months / 8 months)
Amount unearned = 6,600 [3/8]
Amount unearned = $2,475
Journal entry:
Unearned rent A/c Dr $2,475
Rent A/c Cr $2,475
[Debit to Unearned Rent
Credit to Rent Earned for $2,475]
Learn more about revenue adjusting entries here : brainly.com/question/13448930
Answer:
The process of making this decision By the CLASSICAL MODEL of decision making
Explanation:
The classical general equilibrium model was developed in the 18th century within the neoclassical economics and it is related to classical economics.
The classical general equilibrium model aims to describe the economy by taking an aggregate of the behavior of individuals and firms.
Decision taken using this Method is usually based on what the eyes are seeing. Facts.
From the text, Ola buys new bikinis weekly based on the designs the customers are buying more. He decides on what to buy for the new week by looking at the designs that his customers went for the previous week. This is a clear case of Classical model of Decision making.
Answer:
both raising taxes and reducing government spending, reduce the amount of money in the economy and reduce inflationary pressure on prices
Explanation:
Inflation is a situation where prices of goods and services become high. It can be caused by increased sand where consumers are willing to spend more on goods, or by an increase in production cost forcing suppliers to increase price.
The government can take various measures to control price increase during an inflation.
If money supply is reduced by less government spending and increased tax, there will be less tendency for price to increase.
Consumers will not be able to buy at the high price so suppliers are forced to reduce their prices
Answer: See explanation
Explanation:
Following the information given in the question, the adjusting journal entry to record depletion expense will be:
Debit Depletion expense - Coal deposit = $280,000
Credit Accumulated Depletion - Coal Deposit = $280,000
Note that the depletion expense was calculated as:
= ($900000 - $100000) / 200000] × 70000
= $280000