Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $1,100
To Interest revenue $100
To Note receivable $1,000
(Being cash received in respect of note receivable, interest accrual is recorded)
The computation of accrued interest is shown below:
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= 1,000 × 10%
= $100
<span>This means that:
-the value of output in 2015 was around $17.3 trillion
-total income in 2015 was around $17.3 trillion
-total spending in 2015 was around $17.3 trillion
Value of output and total spending has basically similar meaning because they account for the total amount required to produce all output/product within the period.
Assuming that it's all gonna be sold, the total income will be at least close to the amount needed for production because the nominal GDP is evaluated at current market prices.</span>
Answer:
Bursar Office or Admin Office
Explanation:
The Bursar is the person who is assigned the task to manage the financial affairs of the university. So it is better that you visit bursar office so that he can better guide you about the payment process because every university follow different procedures. It is also possible that the bursar's office might not be named as Bursar Office, it may be named as "Admin Office" or "Accounts Office".
B) its businesses can invest in the future
Answer:
Explanation:
1)
Dr Cash $30,000
Cr Common Stock $30,000
2) No Entry
3)
Dr Office Furniture $3,800
Cr Accounts Payable $3,800
6)
Dr Accounts receivables $10,800
Cr Service Revenue (Commission) $10,800
10)
Dr Cash $140
Cr Service Revenue (Commission) $140
27)
Dr Accounts Payable $700
Cr Cash $700
30)
Dr Salary Expense $3,000
Cr Cash $3,000
