The following errors took place in journalizing and posting transactions:
a. The receipt of $8,400 for services rendered was recorded as a debit to Accounts Receivable and a credit to Fees Earned.
b. The purchase of supplies of $2,500 on account was recorded as a debit to Office Equipment and a credit to Supplies.
Journalize the entries to correct the errors. Omit explanations.
Answers: 3
Business, 22.06.2019 04:00
Assume that the following conditions exist: a. all banks are fully loaned up- there are no excess reserves, and desired excess reserves are always zero. b. the money multiplier is 5 . c. the planned investment schedule is such that at a 4 percent rate of interest, investment =$1450 billion. at 5 percent, investment is $1420 billion. d. the investment multiplier is 3 . e.. the initial equilibrium level of real gdp is $12 trillion. f. the equilibrium rate of interest is 4 percent now the fed engages in contractionary monetary policy. it sells $1 billion worth of bonds, which reduces the money supply, which in turn raises the market rate of interest by 1 percentage point. calculate the decrease in money supply after fed's sale of bonds: $nothing billion.
Answers: 2
Business, 22.06.2019 05:30
From a business perspective, an information system provides a solution to a problem or challenge facing a firm and represents a combination of management, organization, and technology elements. the organization's hierarchy, functional specialties, business processes, culture, and political interest groups are components of which element of information systems?
Answers: 1
Business, 22.06.2019 17:40
Because the demand for wheat tends to be inelastic. true or false
Answers: 1
Business, 22.06.2019 19:30
Which of the following occupations relate to a skill category of words and literacy
Answers: 1
The following errors took place in journalizing and posting transactions:
a. The receipt of $8,400...
Mathematics, 19.10.2020 07:01
Mathematics, 19.10.2020 07:01
Chemistry, 19.10.2020 07:01
Social Studies, 19.10.2020 07:01
Mathematics, 19.10.2020 07:01
Health, 19.10.2020 07:01
History, 19.10.2020 07:01
Mathematics, 19.10.2020 07:01
Biology, 19.10.2020 07:01
Mathematics, 19.10.2020 07:01
French, 19.10.2020 07:01
Mathematics, 19.10.2020 07:01