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never [62]
3 years ago
9

The following transactions occur for Cardinal Music Academy during the month of October: Provide music lessons to students for $

10,500 cash. Purchase prepaid insurance to protect musical equipment over the next year for $4,000 cash. Purchase musical equipment for $17,000 cash. Obtain a loan from a bank by signing a note for $39,000. Record the transactions. (Omit the "$" sign in your response.)
Business
1 answer:
AleksAgata [21]3 years ago
8 0

Answer:

Explanation:

Provide music lessons to students for 10,500 cash.

Dr Cash                   10,500

   Cr  Sales             10,500

Being cash sales made

Purchase prepaid insurance to protect musical equipment over the next year for $4,000 cash.

Dr Prepaid Insurance account    4,000

   Cr Cash                                      4,000

Being payment for the prepaid insurance

Purchase musical equipment for $17,000 cash.

Dr  Equipment (asset) account             17,000

   CR  Cash                                               17,000

Being purchase of equipment

Obtain a loan from a bank by signing a note for $39,000.

Dr Cash                                39,000

  Cr     Loan note (liability)  39,000

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Alex17521 [72]

Answer:

The correct option is D

Explanation:

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So, the answer D states a requirement for the collection program to achieve its aim.

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3 years ago
Read 2 more answers
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MrRa [10]

Answer:

Total cost= $18,200

Explanation:

Giving the following information:

Haskins Company employs material handling employees who move materials between production divisions at a labor cost of $182,000 a year. It is estimated that these employees move 620,000 pounds of material per year. 62,000 pounds are moved in March.

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5 0
3 years ago
Suppose the M P C is 0.8 and the current tax rate is 25 % . What is the government purchases multiplier? Specify all answers to
Goryan [66]

Answer:

Therefore, Increases in the tax rate decrease the government purchases multiplier

Explanation:

Given that

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Tax rate t = 0.25

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Government purchases multiplier

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So, GPM = 1 ÷ 1 - 0.8 × (1 - 0.25) = 2.5

Government purchases multiplier

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GPM = 1 ÷ 1 - 0.8 × (1 - 0.35)

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3 0
2 years ago
You can also improve your messages through stylistic emphasis in sentence structure and word choice. Which of the following styl
kari74 [83]

Answer: Use vivid words.

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For the readers to be able to picture ones ideas, it is appropriate to use vivid words and also the readers will notice the important ideas when they're placed in either the first or the last part.

Using general terms

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3 years ago
If he wanted the cash award of each of the five prizes to be $45,000 and his estate could earn 7% per year, how much would he ne
Stels [109]

Answer:

The answer is $3,214,285.71

Explanation:

Price of each award is $45,000

And there are 5

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5 0
3 years ago
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