1. is true, and the 2. is false
Answer:
d. discover errors that affect the equality of debits and credits
Explanation:
There are two sections in the trial balance, namely columns of debits and columns of credits. The combined columns of debit and credit will also be matched and equaled.
The debit sections report the assets and expenditures side while revenues shareholder equity and the liability portion are reported in the credit section.
Answer:
5.52%
Explanation:
The coupon rate is given below:
Given that
Future value = $1,000
Present value = $1,055
NPEr = 18 × 2 = 36
PMT = $1,000 × 6% ÷ 2 = $30
The formula is shown below:
=RATE(NPER;PMT;-PV;FV;TYPE)
The present value comes in negative
After applying the above formula, the rate is
= 2.76% × 2
= 5.52%
Answer:
you don't
Explanation:
only the wealthy and GODS have lives lol
Answer:
1. 5 April ; Debit merchandise 25100, Credit accounts Payable 20080 and bank 5020
2.6 April; Debit freight cost 530, credit bank 530
3. 07 April Debit Equipment 32500, Credit Accounts payable 32500
4. 08 April Debit Accounts payable 3600, Credit Merchandise 3600
5. 15 April Debit accounts payable 20080, Credit Bank 20080
Explanation:
First transaction had terms 2/10 upfront
then we take the amount owing of 25100*2/10= 5020 paid that day.
last transaction is the payment of that balance owing.
