Answer:
Debit to Unearned Rent
Credit to Rent Earned for $2,925
Explanation:
Given:
Amount of total rent = $7,800
Computation:
Amount unearned = Amount of total rent (3months / 8 months)
Amount unearned = 7,800 [3/8]
Amount unearned = $2,925
Journal entry:
Unearned rent A/c Dr $2,925
Rent A/c Cr $2,925
[Debit to Unearned Rent
Credit to Rent Earned for $2,925]
The correct answers to fill in the blanks are:
“a systematic way of thinking”
and
“misguided conclusions”
<span>Economics uses theories and extensive research to
determine the flexibility of two most important factor, price and demand on a
household. Economics helps us answer the how and the why of the financial side
of the country.</span>
Answer:
<u>A</u>
<u>Explanation</u>:
Remember, in economics the term equilibrium implies that this terms
- price and,
- quantity demanded
<u>are all equal or in a state of stability.</u>
Therefore, the stock in such an equilibrium market would yield it expected returns since there are no external factors such as increase in price that could affect the value.
The personal income is $700.
GIven:
Disposal personal income (dpi) = $800
Personal income taxes = $100
Solution:
Disposal personal income minus personal income taxes.
$800 - $100 = $700
So, the personal income or pi is equal to $700.
<span>a casual operation where few records are kept of income, expenses, stock and other items. </span>
