Answer: Debit to supplies $300; Debit to Accounts Receivable $200; Credit to cash or accounts payable $500
Explanation: Supplies are inventories of an organisation. Tgey are components of current assets and have a debit balance.
When supplies are purchased, current assets are to be debited to increase the asset.
Depending on the means of purchase either cash or on credit. The credit entry will be passed according. If cash was paid for the supplies, cash is a current asset hence it is credited with the actual amount paid for the supplies inorder to reduce it.
However, if the supplies were bought on credit, accounts payables will be credited. Accounts payables is a liability account that has a credit balance. As such, to increase your liability, you credit it.
Answer:
Licensing
Explanation:
Licensing is a business arrangement in which an company gives permission or right to another company to produce its product by issuing a license for an exchange for a fee called "royalty".
The firm who permit and issues the licence to another firm is called LICENSOR.
The firm who receives the license is called the LICENSEE.
LyTV is the LICENSOR.
TipTV is the LICENSEE.
TipTV will pay a royalty to LyTV for permitting it to use its channels.
LyTV is giving permission to TipTV to use its channels and television programs in exchange for a royalty.
Answer:
A. Disagree. Checking accounts represent something that the bank owes to the owner of the account. It is a bank liability.
Explanation:
Given the definitions of liabilities and assets, it is also important to distinguish the <em>point of view</em> when discussing whether a specific item is an asset or liability.
Since a checking account represents money bank users deposit into the bank, that means that the <u>bank owes the money deposited</u> to the bank customer.
Similarly, a car loan is a bank asset. It is an essential bank product representing the money lent to someone. That means <u>bank users owe the bank</u> in that case. Although the bank doesn't possess the loan money after providing someone with a loan, the loan money will be returned to the bank after some time (representing the key asset characteristic).
This method of expressing concern to a senior human resources manager about an instance of illegal employment through proper channels is known as <u>opposition</u>.
A human resources manager has a lot of functions such as, selecting employees, recruiting, inducting employees, providing orientation, imparting training, appraising the performance of employees, motivating employees, giving compensation and benefits, etc.
So in an organization, if there are any concerns regarding, for instance illegal employment, then the human resources manager is approached. Thus, this method of expressing concern through proper channels is known as opposition.
Hence, the opposition is a disagreement with something, often by speaking or fighting against it.
To learn more about human resources manager here:
brainly.com/question/27956348
#SPJ4
