Based on the transactions that occurred on Aug. 15 and Oct. 25 the appropriate journal entries for Newton Company are:
Aug. 15
Debit Cash $14,550
($15,000×97%)
Debit Service Charge Expense $450
($15,000×3%)
Credit Accounts Receivable $15000
Oct. 25
Debit Cash $784
($800×98%)
Debit Service Charge Expense $16
($15,000×2%)
Credit Sales Revenue $800
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The Leroux firm can reduce the costs of regular health care without driving up the price by reduce the co-pay amounts but increase the annual deductible so that the monthly premium can stay the same.
<h3>What is a
health care insurance?</h3>
This is a health insurance that provide coverage for expenses arising from health issues.
If the firm want to reduce the costs of regular health care without driving up the price of their health care plan, then, its need to reduce the co-pay amounts but increase the annual deductible so that the monthly premium can stay the same.
Therefore, the Option B is correct.
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Answer:
Time Value of the Money : This means that the future value of money is lesser than the present value of the money.
Compounding effect: this means that once an interest is accumulated on the principal, then the interest earned for the next period earns the additional interest income on the initial principal and the interest. Over time, this effect can increase wealth tremendously.
Discounting : discounting refers to a selected rate, (that represents the inflation and the cost of capital) used to reduce and adjust the value of future sum or a cash flow to the present value.
Explanation:
Answer:
common stock = 29,000 credit
Explanation:
We will calculate the debits and credit and solve for common stocks:
Assets and expenses (debits)
cash 5,000
accounts receivable 12,000
furniture 10,000
expenses <u> 17, 500 </u>
Total 44,500
Now the credits which is liabilities, equity and revenues:
account payable 5,000
note payable 5,500
revenues 5,000
total 15,500
To balance common stock must made up the difference between debit and credit:
44,500- 15,500 = 29,000
Notes: from the expand accounting equation we can conclude which has debit and credit balance:
assets + expenses = laiblities + equity + revenues
this side is debit while this is credit