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Rom4ik [11]
2 years ago
13

Can someone help pick 1, 2,or 3 ?

Business
1 answer:
ollegr [7]2 years ago
8 0

Answer:

2no I think you are confused so

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Discuss two or more of the risks and benefits associated with credit card borrowing.?
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3 years ago
Received $13,000 cash from the issue of common stock. Performed services on account for $45,000. Paid the utility expense of $1,
kirill115 [55]

Answer:

Please see explanation

Explanation:

The transactions shall be recorded in the general ledger in the following way:

                                                                   Debit                      Credit

Cash                                                          $13,000

Common stock                                                                           $13,000

(Received $13,000 cash from the issue of common stock)

Accounts receivable                                $45,000

Revenue                                                                                      $45,000

(Performed services on account for $45,000)

Utility expense                                          $1,100

Cash                                                                                             $1,100

(Paid the utility expense of $1,100)

Cash                                                          $33,000

Accounts receivable                                                                   $33,000

(Collected $33,000 of the accounts receivable)

Salaries expense                                      $6,250

Salaries payable                                                                          $6,250

(Recorded $6,250 of accrued salaries at the end of the year)

Retained Earnings                                    $1,000

Cash                                                                                              $1,000

(Paid a $1,000 cash dividend to the stockholders)

6 0
3 years ago
Read 2 more answers
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