Sports teams travel together. they compete against other teams. this increases their role structure.
Hence, Option C is correct.
The purpose of organizational structure is to make it apparent who is responsible for what and where each individual stands in the hierarchy of authority. A director of an employee may answer to a vice president, who answers to the chief executive officer, who answers to the board of directors or the company's owners.A high school football player, for instance, simultaneously fulfills the responsibilities of student, athlete, classmate, etc. "A person in the role of a parent is supposed to care for their child and safeguard them from danger," is another illustration of a role.To know more about Role structure here
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In 2011, Cambodia had a GDP of $33.8 billion and a per capita GDP of $2,200. Nearly a third of its people lived below the poverty level, and average life expectancy was 62.5 years. Which of these additional factors would most support the conclusion that Cambodia is a developing economy rather than an emerging economy? (4 points)
Answer: Lack of basic infrastructure
Explanation:
Developing countries refers to the countries that have a low GDP per capita. These countries also rely on agriculture as their main industry.
Another characteristics of developing countries is that they lack basic infrastructure, high rate of unemployment, and high population growth rate.
Help me please with my Economics Study Guide
Some key concept of Economics Study Guide you must understand two main branches of economics that are microeconomics and macroeconomics.
Economics is the study of how individuals, businesses, and governments allocate scarce resources to satisfy their unlimited wants and needs, it is divided into two main branches: microeconomics and macroeconomics. Microeconomics studies the behavior of individual consumers and producers, focusing on supply and demand, market structures, and consumer behavior, key concepts include elasticity, utility, and opportunity cost. Elasticity measures the responsiveness of demand or supply to changes in price or income. Utility is the satisfaction derived from consuming goods and services and opportunity cost is the value of the next best alternative that must be given up when making a choice.
Macroeconomics deals with the overall performance of an economy, addressing issues such as unemployment, inflation, and economic growth. Important concepts in macroeconomics are gross domestic product (GDP), fiscal policy, and monetary policy. GDP is the total value of goods and services produced in a country during a specific period. Fiscal policy refers to the use of government spending and taxation to influence the economy. Monetary policy is the control of the money supply and interest rates by a central bank, such as the Federal Reserve in the United States, to achieve economic objectives. So therefore understanding the concepts of microeconomics and macroeconomics can help you excel in your economics studies and provide a strong foundation for further exploration in the subject.
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In measuring GDP as the sum of all incomes earned in production, we should include: purchases of used goods. purchases of used goods. American purchases of foreign output. American purchases of foreign output. wages and salaries. wages and salaries.
Answer:
wages and salaries.
Explanation:
GDP is an acronym for Gross Domestic Products (GDP) and it can be defined as a measure of the total market value of all finished goods and services made within a country during a specific period.
Simply stated, Gross Domestic Products (GDP) is a measure of the production levels of any nation.
Basically, the four (4) major expenditure categories of GDP are;
I. Consumption (C).
II. Investment (I).
III. Government purchases (G).
IV. Net exports (N).
Additionally, it is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.
In measuring GDP as the sum of all incomes earned in production, we should include wages and salaries of the people working in a particular country.
Which is the most effective way to reduce your risk as a driver?
A gene is considered to be dominant it mark ______
A. it is expressed only in homozygous state B. It is expressed only in heterozygous condition C. it is expressed both in homozygous and heterozygous condition D. it never expresses its effect in any condition
A gene is considered dominant if it is expressed both in homozygous and heterozygous condition. The correct answer is option C.
The term "dominant" in genetics indicates a type of gene that will always be expressed if present. When a dominant gene is present, it will always show up and mask any recessive genes that are also present. The recessive gene only shows up if the dominant gene is not present.
The expression of dominant genes in both homozygous and heterozygous conditions suggests that if an individual has either a homozygous or heterozygous condition, the dominant gene will be present in the offspring. As a result, both homozygous and heterozygous conditions are necessary for dominant genes to be present. An example of a dominant gene is brown eye color. Brown eyes are dominant over blue eyes.
Therefore, if an individual has one brown-eyed parent and one blue-eyed parent, they will have brown eyes because the brown eye color gene is dominant and always expressed. In a case where both parents have brown eyes, their child may have either brown or blue eyes, depending on whether or not they are carriers of the recessive blue eye color gene.
The answer, therefore, is option C.
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You are really hungry and have been wanting to eat pizza all day. Instead of ordering a medium, you order a large. However, after about 4 slices, you don’t want anymore. This is an example of which factor?
Responses
diminishing personal value
diminishing personal value
substitutes
substitutes
buying power
buying power
diminishing marginal utility
The fact that you ordered a large pizza but after 4 slices, don't want anymore is an example of diminishing marginal utility.
What is diminishing marginal utility?Diminishing marginal utility refers to an economic principle that talks about how the utility or satisfaction that a person gets from each additional unit of an item increases at first, and then decreases.
For instance, the person was really hungry and then ordered a large pizza to be satisfied. But as they ate more slices, they were satisfied less and less and eventually ended up wanting no more slices of pizza.
In conclusion, this is diminishing marginal utility.
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The entry to record the receipt of payment within the discount period on a sale of $2300 with terms of 2/8, n/30 will include a
a. credit to Sales Discounts for $46. b. debit to Sales Revenue for $2254.
c. credit to Accounts Receivable for $2300. d. credit to Sales Revenue for $2300.
The correct answer is a. credit to Sales Discounts for $46. When a customer pays within the discount period (in this case, within 8 days), they receive a discount of 2% on the sale. The amount of the discount is calculated as 2% of the sale price, which is $2300 x 2% = $46.
Therefore, the entry to record the receipt of payment within the discount period would include a credit to Sales Discounts for $46, reducing the amount owed by the customer to $2254 (which would be debited to Accounts Receivable). Option c. credit to Accounts Receivable for $2300 is incorrect because the customer has already been billed for the sale and the payment received is a reduction of the amount owed, not an additional credit.
Option d. credit to Sales Revenue for $2300 is also incorrect because the sale has already been recognized as revenue when it was initially recorded, and the payment received is not additional revenue but a reduction in the amount owed.
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A county that did not previously have a property tax levies a property tax for $900,000 on January 1, 2020 for the budget year January 1 to December 31, 2020. The county collected $875,000 during 2020, $20,000 during January 1 through February 28, 2021, and the remaining $5,000 in June 2021. What adjustment is needed to the data reported in the governmental fund financial statements to prepare the government-wide statements
Answer: See explanation
Explanation:
The adjustment is needed to the data reported in the governmental fund financial statements to prepare the government-wide statements will be:
Deferred revenues—property taxes
5,000
Revenues—property taxes
5,000
Deferred revenue, in this case refers to the advance payments that a company receives for the goods that are to be delivered in the future.
Question 3.Explain and illustrate the concept of the Quality Triangle and that project performance is function of scope, cost and time i.e. Given that Project Performance is PF, function is f, Scope is s, Cost is c, and Time is t (15 Marks)PF = f (s,c,t)Propose additional factors beyond the reasoning of the Quality Triangle concept that may impact project performance and include them in the equation below. In other words, list the contents of z below. (10 Marks)PF = f (s,c,t) + zC) Given an institutional context, discuss the possible types of conflicts that could arise, and their corresponding solutions (25 Marks)
The Quality Triangle is a concept that states that project performance is a function of scope, cost, and time (PF = f (s, c, t)).
Beyond the three main factors, other potential factors that could affect project performance include the quality of resources, communication, motivation and team cohesion, organizational culture, and external environment (e.g. changes in regulatory laws). This can be represented as follows: PF = f (s, c, t) + q + c + m + tc + oc + ee, where q is quality of resources, c is communication, m is motivation and team cohesion, tc is organizational culture, oc is external environment, and ee is external environment.
In an institutional context, conflicts can arise due to different power dynamics, divergent goals and objectives, different interests, and limited resources. Possible solutions to these conflicts include active listening and open communication, negotiation, compromise, and consensus building.
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which statement is indicative of the thinking that was present during the production orientation era in the evolution of marketing?
A statement indicative of the thinking present during the production orientation era in the evolution of marketing would be "Our main focus is on producing as many goods as efficiently as possible. We will worry about selling them later." This statement reflects the belief that if a company produces a large quantity of goods at a low cost, it will be able to sell them easily and at a high profit.
During the production orientation era, which was prevalent in the early 20th century, companies focused primarily on increasing efficiency and lowering costs, rather than understanding and meeting the needs of their customers. The thinking was that if a company could produce goods at a low cost, they could sell them at a lower price and still make a profit.
This approach was successful in the short term but not sustainable in the long term, as it ignored the importance of understanding and meeting customer needs. The production orientation era was later succeeded by the sales orientation and the market orientation eras, where the focus shifted more toward understanding and meeting customer needs.
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ow shifts in demand and supply affect equilibrium consider the market for pens. suppose that the number of students who are allergic to the rubber used in pencil erasers increases, leading more students to switch from pencils to pens in school. further, the price of ink, a major input in the pen production process, has dropped sharply.
The shifts in demand and supply will affect the equilibrium in the market for pens.
Due to the increase in the number of students who are allergic to pencil erasers, the demand for pens will increase, leading to a shift in the demand curve to the right. As a result, the equilibrium price and quantity of pens will both increase.
However, the drop in the price of ink, a major input in the pen production process, will increase the supply of pens, leading to a shift in the supply curve to the right. This will cause the equilibrium price of pens to decrease, but the equilibrium quantity will increase.
Overall, the increase in demand and the decrease in supply will result in a higher equilibrium quantity of pens, but the effect on the equilibrium price will depend on the magnitude of the shifts in demand and supply.
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Which component within a corporation elects the board of directors?
(middle school)
A) shareholders
B) all the vice presidents
C) workers
D) the president
Ω Entity001 And Project Ω
Answer:
A. shareholders
Explanation:
i took the quiz sorry i did not do it sooner
Which descriptions offer examples of Maintenance, Installation, and Repair workers? Check all that apply.
Andy uses heat and tools to shape glass.
Mana sets up and takes care of industrial machinery in a factory.
Emma fixes medical equipment.
Pablo makes parts for precise tools and equipment.
Colin cuts keys and repairs locks.
Cynthia supervises workers who operate machinery in a factory.
Answer:
B, C, E or 2, 3, 5
Explanation:
Hope this helps!! Have a great day!!
Answer:
B,C,E or 2,3,5
Explanation:
2. Mana sets up and takes care of industrial machinery in a factory.
3. Emma fixes medical equipment.
5. Colin cuts keys and repairs locks.
A responsible managing employee is required through the Contractor's state license board to work at least?
Answer:
32hours or 80% of the complete working hours per week of the business
Explanation:
When construction companies engage in contracts were materials and labor can cost $500 and above, they are expected to have a license. If the business does not have a license, it can qualify for a license if it decides to employ someone with the required license. The employed individual will be known as the responsible managing employee.
The contractors state license board requires such an employee to be a full and recognized employee of that business and to have at least 32hours or 80% of the sum of the working hours expended by the business.
What is fiat money and why does it have value?
how to work out opening balance?
Answer:
...
Explanation:
Answer:
Opening Balance (what you have in bank at the start) plus Total Income (what money comes in) minus Total Expenses (what money goes out) equals Closing Balance (what money you have left). The Opening Balance is the amount of cash at the beginning of the month (1st day of month).
Some companies positively harness the power of rumors to multiple choice instill false confidence in investors. replace formal communications. create buzz about a new product launch. deflect interpersonal conflicts. achieve the boundaryless organization.
Some companies positively harness the power of rumors to create buzz about a new product launch. Option C. This is further explained below.
What are rumors?Generally, rumor is simply defined as a tale or report that is now doing the rounds but whose veracity is questionable.
In conclusion, In certain cases, corporations use the power of rumors to promote a new product introduction.
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Skysong Company is considering two capital investment proposals. Estimates regarding each project are provided below: Project Soup Project Nuts Initial investment $400000 $600000 Annual net income 18000 34000 Net annual cash inflow 96000 119000 Estimated useful life 5 years 6 years Salvage value 0 0 The company requires a 10% rate of return on all new investments. Present Value of an Annuity of 1 Periods 9% 10% 11% 12% 5 3.89 3.791 3.696 3.605 6 4.486 4.355 4.231 4.111 The annual rate of return for Project Soup is
Answer:
20%
Explanation:
Calculation to determine The annual rate of return for Project Soup is
Annual rate of return = [(Current Value of Investment - Initial Investment for one year )/Initial Investment for one year )]*100
Let plug in the formula
Annual rate of return= (($96000 - $80000) / $80000) * 100
Annual rate of return= ($16000 / $80000) *100
Annual rate of return= 20%
Workings:
Calculation to determine the Initial Investment for one year
Initial Investment for one year = $400000 / 5 year
Initial Investment for one year = $80000
Therefore The annual rate of return for Project Soup is 20%
Herald Company had sales of $154,000, sales discounts of $3,900 and sales returns of $5,100. Herald Company's net sales equals:
The net sales of Herald Company can be calculated by subtracting the sales discounts and sales returns from the total sales.
The net sales of Herald Company equals the total sales minus the sales discounts and sales returns. Start with the total sales: $154,000. Subtract the sales discounts: $3,900. Subtract the sales returns: $5,100. Calculate the net sales by subtracting the discounts and returns from the total sales: $154,000 - $3,900 - $5,100 = $145,000.
The net sales of Herald Company can be calculated by subtracting the sales discounts and sales returns from the total sales. In this case, the total sales are given as $154,000, the sales discounts are $3,900, and the sales returns are $5,100. To find the net sales, we need to subtract the discounts and returns from the total sales. Thus, the calculation is as follows:
$154,000 - $3,900
- $5,100 = $145,000.
Therefore, the net sales of Herald Company equals $145,000.
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You’ve recently been hired by Me Again, Inc., a successful online retail company that personalizes clothing and accessories with embroidery, screen printing, and laser engraving. The company is ready to expand their business into the global market, and they’ve hired you to oversee the needed renovation of their website to accommodate their growing online presence.
The website already has some online sales that generate from outside of the U.S., and uses a simple currency translator during the checkout process, but the content is in English and the pricing listed on the website is in U.S. dollars.
The company recognizes that the business model it’s been using, while successful in the United States, might not work so well in other countries. There’s been a lot of discussion on how to adapt product design, marketing techniques, and customer relationship management strategies to best fit within other countries’ cultural expectations and standards. Due to the company’s reliance on following fashion trends within each market, one of the company’s priorities during the expansion is to provide sufficient autonomy to staff for customizing product offerings within different cultural environments.
As the company expands into other countries and continents, the website will need to be optimized for a much wider variety of audiences and technologies. While the company recognizes they can't tackle all available markets right away, they want to design the website renovations in such a way that will readily support adding more global markets in the future.
Based on the given information, a straightforward website with minimal complexity would be better suited to the company's priorities.
Based on the given information, a straightforward website with minimal complexity would be better suited to the company's priorities. The focus is on accommodating a growing global market and providing autonomy to staff for customizing product offerings within different cultural environments. A simple and user-friendly website will allow for easy adaptation and customization of content, product designs, and marketing strategies to cater to diverse cultural expectations and standards. An intricate website with extensive multimedia features may introduce unnecessary complexity and potentially hinder the company's ability to quickly and efficiently expand into new markets.Note: The complete question is:
You’ve recently been hired by Me Again, Inc., a successful online retail company that personalizes clothing and accessories with embroidery, screen printing, and laser engraving. The company is ready to expand their business into the global market, and they’ve hired you to oversee the needed renovation of their website to accommodate their growing online presence.
The website already has some online sales that generate from outside of the U.S., and uses a simple currency translator during the checkout process, but the content is in English and the pricing listed on the website is in U.S. dollars.
The company recognizes that the business model it’s been using, while successful in the United States, might not work so well in other countries. There’s been a lot of discussion on how to adapt product design, marketing techniques, and customer relationship management strategies to best fit within other countries’ cultural expectations and standards. Due to the company’s reliance on following fashion trends within each market, one of the company’s priorities during the expansion is to provide sufficient autonomy to staff for customizing product offerings within different cultural environments.
As the company expands into other countries and continents, the website will need to be optimized for a much wider variety of audiences and technologies. While the company recognizes they can't tackle all available markets right away, they want to design the website renovations in such a way that will readily support adding more global markets in the future.
Which of the following strategies is best suited to the company's new priorities?
- Intricate website with extensive multimedia features.
- Straightforward website with minimal complexity.
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Why would the inherent and control risks at Kid Castle be of concern to a potential auditor?
10th standard Sura guide for Tamil
Answer:
I WANT TO HELP YOU...
BUT I DID NOT NO
SORRY......
(2 points) Suppose that an excise tax of $3 is imposed (paid by producer). Graphically show how this affects the price paid in the market and the number of goods purchased. Make sure to include the consumer surplus, producer surplus, government revenue, and deadweight loss on your graph.
Answer:
2years of hard work 4years of relation shipExplanation:
omg that is what you need trust me
Leo Co. uses the allowance method to account for bad debts. At the end of the year, Leo Co.'s accounts receivable balance is $25,000; allowance for doubtful accounts balance of $100 (credit); and sales of $500,000. Based on history, Leo estimates that bad debts will be 2% of accounts receivable. The entry to record estimated bad debts will include a debit to Bad Debts Expense in the amount of:
The bad debts expense for the year to be debited will be $600.
Adjusted balance of the Allowance for Doubtful Accounts = Accounts receivable * 2%
Adjusted balance of the Allowance for Doubtful Accounts = $25,000 x 2%
Adjusted balance of the Allowance for Doubtful Accounts = $500
Unadjusted balance of the Allowance for Doubtful Accounts = $100
Amount of bad debt expenses = Adjusted balance of the Allowance for Doubtful Accounts + Unadjusted balance of the Allowance for Doubtful Accounts
Amount of bad debt expenses = $500 + $100
Amount of bad debt expenses = $600
Therefore, the bad debts expense for the year to be debited will be $600.
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Answer:$400
Explanation:
What does an exchange rate tell you?
Answer:
An exchange rate tells you how much one type of currency is worth in a different currency.
Explanation:
Answer:A foreign exchange rate is the relative value between two currencies. Simply put, "exchange rates are the amount of one currency you can exchange for another."
Explanation:
Which of the following steps is NOT a factor to be considered before making your first investment?
A. Work to balance your budget.
B. Manage your credit card debt.
C. Have access to other sources of cash for emergency needs.
D. Save at least $10,000 to invest.
E. Start an emergency fund.
he step that is NOT a factor to be considered before making your first investment is D. Save at least $10,000 to invest.
While having savings is generally beneficial for financial stability and security, it is not a mandatory requirement before making your first investment. The other options, A, B, C, and E, are important factors to consider before diving into investments.
A. Work to balance your budget: Before investing, it is crucial to assess your income and expenses, ensuring that you have a balanced budget and sufficient funds to cover your living expenses.
B. Manage your credit card debt: It is advisable to address high-interest debt, such as credit card debt, before investing. Prioritizing debt management helps avoid financial strain and increases your available funds for investment purposes.
C. Have access to other sources of cash for emergency needs: Building an emergency fund is essential. Having readily available cash for unexpected expenses or emergencies ensures that you don't have to rely on investments or incur high-interest debt to cover unforeseen circumstances.
E. Start an emergency fund: Creating an emergency fund acts as a financial safety net. It provides peace of mind and protects your investments from potential liquidation during emergencies, allowing you to maintain a long-term investment strategy.
Remember, the specific amount of savings needed to start investing can vary depending on individual circumstances, risk tolerance, and investment goals. It's always wise to consult with a financial advisor to determine an appropriate investment plan based on your financial situation.
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write the
5 imp of professsion
Judy and Amy are having lunch together and decide to split the bill equally. Amy ordered more expensive items than she normally would because she is ______ price sensitive when sharing the cost. Multiple choice question.
Considering the scenerio about Judy and Amy are having lunch together and decide to split the bill equally. In this case, Amy is less price sensitive when sharing the cost.
What is price sensitivity?
Price sensitivity can be regarded as the degree to which demand changes as result if the changes in cost of a product or service changes.
It should be noted that Price sensitivity helps in measuring price elasticity of demand.
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the firm is currently along isocost cd. if the price of capital is $40, then the price of labor is $6. $40. $240. indeterminate from this information.
The given question is regarding the price of capital and the price of labor if the price of capital is $40. Then the price of labor is $6, $40, $240, or indeterminate from this information.Along the isocost CD: In microeconomics, the isocost line is a graph that displays all potential combinations of inputs that have the same total cost.
The term isocost is derived from two Greek words: iso, which means equal, and cost, which means price.Firms generally utilize isocost lines to discover the most cost-effective method of creating a specific number of products.In this scenario, if the price of capital is $40, then the price of labor is $6. Therefore, the total cost of the inputs, which is represented by the isocost line, can be calculated using the following equation:TC = (Price of Capital * Quantity of Capital) + (Price of Labor * Quantity of Labor)
Substitute the given values for the price of capital and the price of labor into the equation to get:TC = ($40 * Quantity of Capital) + ($6 * Quantity of Labor)Hence, the answer is $40.
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I NEED HELP WITH MOSTLY THE SECOND AND THIRD PART OF THIS.
Aracel Engineering completed the following transactions in the month of June.
J. Aracel, the owner, invested $175,000 cash, office equipment with a value of $7,100, and $67,000 of drafting equipment to launch the company.
The company purchased land worth $60,000 for an office by paying $6,400 cash and signing a note payable for $53,600.
The company purchased a portable building with $54,000 cash and moved it onto the land acquired in b.
The company paid $3,600 cash for the premium on an 18-month insurance policy.
The company provided services to a client and collected $8,000 cash.
The company purchased $32,000 of additional drafting equipment by paying $11,000 cash and signing a note payable for $21,000.
The company completed $16,000 of services for a client. This amount is to be received in 30 days.
The company purchased $1,100 of additional office equipment on credit.
The company completed $26,000 of services for a customer on credit.
The company purchased $1,489 of TV advertising on credit.
The company collected $10,000 cash in partial payment from the client described in transaction g.
The company paid $1,200 cash for employee wages.
The company paid $1,100 cash to settle the account payable created in transaction h.
The company paid $1,090 cash for repairs.
J. Aracel withdrew $10,290 cash from the company for personal use.
The company paid $1,600 cash for employee wages.
The company paid $3,500 cash for advertisements on the Web during June.
Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Prepaid Insurance (108); Office Equipment (163); Drafting Equipment (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); J. Aracel, Capital (301); J. Aracel, Withdrawals (302); Services Revenue (403); Wages Expense (601); Advertising Expense (603); and Repairs Expense (604).
Post the journal entries from part 1 to the ledger accounts.
Prepare a trial balance as of the end of June.
Purchased additional office equipment with a credit line of 106,000 dollars . The transactions' general journal entries are as follows
J. Aracel put money into the business:Cash (101) 175,000
Office Supplies (163) 7,100
Drafting Supplies (164) 67,000
J. Aracel, Capital (301) 249,100
Purchasing a portable building:
Land (172) 60,000
Cash (101) 6,400
Notes Payable (250) 53,600
Building: 54,000 dollars
Cash: 54,000 dollars
Paid for insurance:
Cash or Prepaid Insurance (101) 3,600
facilitated services and gathered funds:
Services Revenue (403) 8,000
Paid for additional drafting equipment:
Equipment for drafting (164) 32,000
Cash (101) 11,000
Notes Payable (250) 21,000
Paid-for services:
Services Revenue (403) 16,000
Purchased additional office equipment with a credit line of 106,000 dollars:
Equipment for the office (163) 1,100
Accounts Payable (201) 1,100
Credit-worthy services:
26,000 in accounts payable (106).
used credit to purchase TV advertising:
Advertising Expense (603) 1,489
Accounts Payable (201) 1,489
Received cash in the following accounts:
Ten thousand dollars in cash (101) and 10,000 dollars in accounts receivable (106)
Expenses pertaining to wages (601) 1,200 Cash (101,200) Paid accounts payable:
Cash (101) 1,100, Accounts Payable (201) 1,100,
Paid for repairs:Expenses for repairs (604) 1,090 Cash (101) 1,090 J. Aracel took cash out:
J. Aracel, Cash Withdrawals (302) 10,290 Cash Paid Employee Wages (101) 10,290
Cost of wages (601) 1,600 Cash (101,600) Paid for internet advertising:
Accounts for advertising expenses (603) 3,500 and cash (101) 3,500 are as follows:
Cash (101) Date Description Debit Credit Balance
6/1 J.
Aracel investment 175,000 175,000
6/2
Land purchase 6,400 168,600
6/3
Building purchase 54,000 114,600
6/4
Insurance payment 3,600 111,000
6/5
Services provided 8,000 119,000
6/6
Purchase of drafting equipment 11,000 108,000
6/6
Notes payable 21,000 87,000
6/7
Services provided on credit 16,000 71,000
6/8
Purchase of office equipment 1,100 69,900
6/9
Services provided on credit 26,000 43,900
What are Journal Entries?All financial transactions are recorded in the accounting journal, which is the book where these entries are made, prior to being transferred to the general ledger. Each journal entry includes the date of the transaction, the accounts involved, and the amount of the transaction. The purpose of journal entries is to keep track of all financial activities and ensure that the financial statements are accurate.
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