The October transactions were as follows. Oct. 5 Received $1,490 in cash from customers for accounts receivable due. 10 Billed customers for services performed $5,090. 15 Paid employee salaries $1,380. 17 Performed $570 of services in exchange for cash. 20 Paid $1,990 to creditors for accounts payable due. 29 Paid a $260 cash dividend. 31 Paid utilities $340. Prepare a general ledger using T-accounts. Enter the opening balances in the ledger accounts as of October 1.

there are no initial balances, but I can still record the journal entries that would go into the general ledger:

Oct. 5 Received $1,490 in cash from customers for accounts receivable due.

Dr Cash 1,490

    Cr Accounts receivable 1,490

Oct. 10 Billed customers for services performed $5,090.

Dr Accounts receivable 5,090

    Cr Service revenue 5,090

Oct. 15 Paid employee salaries $1,380.

Dr Salaries expense 1,380

    Cr Cash 1,380

Oct. 17 Performed $570 of services in exchange for cash.

Dr Cash 570

    Cr Service revenue 570

Oct. 20 Paid $1,990 to creditors for accounts payable due.

Dr Accounts payable 1,990

    Cr Cash 1,990

Oct. 29 Paid a $260 cash dividend.

Dr Dividends

    Cr Cash 260

Oct. 31 Paid utilities $340.

Dr Utilities 340

    Cr Cash 340

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

the correct answer will be d