L. Lyons started a business and invested $4,000 in exchange for common stock. Illustrate how to record the transaction in the T-accounts by completing the following sentence. The Cash account would be Blank 1 of 4(debited/credited) on the Blank 2 of 4(left/right) side of the T-account and the Common stock account would be Blank 3 of 4(debited/credited) on the Blank 4 of 4 (left/right) side of the T-account.

Answers

Answer 1

Answer: Debited/left/credited/right

Explanation:

Answer 2

L. Lyons started a business and invested $4000. Following is the illustration of recording the transaction in the T-accounts:

The Cash account would be debited on the left side of the T-account and the Common stock account would be credited on the right side of the T-account

What are T-accounts?

In the business world, there are various terms that are formal as well as informal. The reason behind the usage of the terms is to make the conversation easier and more convenient.

The term “T-account” is used in business for keeping the financial record in the double-entry bookkeeping system. This term is an informal term. There is a reason behind calling the term a T-account.

The format of the account resembles the alphabet T, in which on the left side debits are mentioned, and on the right side credits are mentioned.

Therefore, transactions in the T-accounts will be recorded as per the above-mentioned illustration.

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Related Questions

1) A small firm employs nine workers. The wages it pays to these workers are $200, $220, $280, $300, $310, 320, $330, $350 and $390 a week. What is the average wage paid?

Answers

solution :

sum of dollar =200+220+280+300+310+320+330+

350+390

Now,

average =total sum of all dollar

total sum of worker

=2370

9

=263.333#

Do you agree that traditional technology is the main source of modern technology?explain you arguments.

Answers

Explanation:

.........................

Jackson Raleigh, a registered representative in Memphis, TN, has a client who is a pension fund manager for the Tiger Pension Fund. Raleigh creates several flyers of informational literature about the funds available in the Tiger Pension Fund and emails them to the fund manager so that the fund manager can prints copies of the flyers and make them available to the participants in the pension fund. FINRA would classify these flyers as
A) institutional communications.
B) sales literature.
C) retail communications.
D) correspondence.

Answers

the answer is a to the problem

Describe the professions related to agriculture.

Note: Subject is occupation not business there was no occupation option so.

Answers

Agriculture careers are professionals paths related to farming, cultivation and animal husbandry. These career paths involve everything from growing crops and nurturing the soil to raising livestock like cattle, pigs and chickens.

four reasons why Corona virus could be harmful to economic growth??​

Answers

Answer:

Employees have to be let go because social distancing is a thing

Businesses are not getting enough customers because of quarantine, which leads to them shutting down

Factories that supply stores are shut down to prevent spread in factory lines

For those with computer jobs, working from home does not give an employee as much freedom with printing or scanning as it does at work, which slows down the completion of assignments and lowering the business`s dependability

Samantha keeps $1,000 in her checking account. A friend has suggested that she move that money into a savings account which pays interest and that she apply for a debit card on that savings account so that she can spend money in her account directly with merchants without having to write a check. What's wrong with this idea

Answers

Answer:

Few banks will issue debit cards for savings accounts since the law limits the use of a debit card with merchants to 6 times per month.

homework libABC Inc. uses a machine that can produce 95 cranks per hour. The firm operates 9 hours per day, six days per week. Due to regularly scheduled preventive maintenance, the firm expects the machine to be running during approximately 90% of the available time. Based on experience with other products, the firm expects to achieve an efficiency level for the cranks of 80%. What is the expected weekly output of cranks for this company

Answers

The expected weekly cranks output should be 3,693.60.

The following formula should be applied:

= Number of cranks produced per hour × number of hours operated per day × number of days per week × expected machine running percentage × efficiency level

= 95 × 9 × 6 × 90% × 80%

= 3,693.60

Therefore we can conclude that The expected weekly cranks output should be 3,693.60.

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training sharpens our knowledge and adds skills. justify ​

Answers

Answer:

I hope that is helpful for you.

Wetlands help reduce erosion through _______.

Answers

Answer:

Wetlands reduce water erosion by trapping sediments.

two importance of seasonal vegetable cultivation grade 7

Answers

Q. Two importance of seasonal vegetable cultivation?

[tex] \\ [/tex]

$ \longrightarrow $ In-season produce is fresher and tastes better, sweeter and perfectly ripe. When fruits and vegetables are picked for consumption that have been naturally ripened on the vine or the tree and harvested at the right time, it will have much more flavor and nutrition.

sick leave programs Sick leave programsA) must be provided by all employers according to the law.B) are based solely on the age of employees.C) pay employees for days not worked due to illness.D) are mandatory forms of unpaid leave.E) are forms of floating holidays.

Answers

Answer:

A

Explanation:

Paid sick leave allows workers to keep their jobs and increases worker loyalty. ... Paid sick leave increases worker productivity by allowing workers to be absent, recover at home, seek medical help in time, and then return to work being more productive.

at the beginning of december, abc company had 1200 in supplies on hand during the month supplies purchased amounted to 2700 but by the end of the month the supplies balance was only 2900 what is the appropriate month-end adjusting entry

Answers

Answer:

( 1200 + 2700) - 2900

= 1000

( opening stock + purchases ) - closing stock

NEED THE ANSWER ASAP
What, if anything, is likely to happen to the number of pairs of running shoes sold as the price charged for them is reduced from $5,000 to $65?

Answers

Answer:

The number of pairs of running shoes would decrease becase of the huge price drop which would increase more customers to buy the shoes.

As the price of running shoes decreases from $5,000 to $65, it is likely that the number of pairs sold will increase. This is due to the inverse relationship between price and demand in economics known as the law of demand.

At higher prices, the demand for running shoes is likely to be lower as consumers may not be willing or able to pay such high prices.

As the price decreases, however, more consumers will be able to afford the shoes and may decide to purchase them, leading to an increase in demand.

Additionally, lower prices may attract new customers who may have previously been deterred by the high prices. This increase in demand may be further amplified if the price reduction is accompanied by effective marketing campaigns or sales promotions.

However, it is important to note that there may be a limit to how much the demand can increase due to factors such as market saturation, competition, and the availability of substitutes. Therefore, the extent of the increase in the number of pairs of running shoes sold will depend on various factors and may not be proportional to the decrease in price.

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Jose's Pizza Parlor, Inc., acquired the Eastern Pizza Cheese Corporation (EPCC). EPCC is a wholesale distributor of the cheese used in the making of pizza pies. The acquisition created a:
(A) Monopoly.
(B) Vertical merger.
(C) Conglomerate merger.
(D) Horizontal merger.

Answers

The answer is (D) Horizontal merge

MULTIPLE CHOICE
What's the biggest concern people have about mergers?
(A) They drive down the cost of labor, leading to greater unemployment.
(B) They lead to the development of generic brands that produce inferior goods.
(C) They lead to greater competition and force businesses to cut corners to stay in operation.
(D) They result in a concentration of power, which can lead to monopolies.

Answers

Answer:

D

Explanation:

Monopolies aren't good for a economy because with so much power, they are able to control the entire market of which they are based. This defeats the purpose of a free-market economy where consumers have options to pick from instead of one ultimate choice.

Jack and Martha watch two different weather stations before departing for work. One station reports a 50% chance of rain and Jack takes his umbrella to work. The other station reports a 50% chance of no rain and Martha leaves her umbrella at home. The difference decisions made by Jack and Martha can be attributed to:
A. mental accounting
B. framing
C. avoidance of regret

Answers

B. Framing
(Is the correct answer)

To significantly enhance customer choices, Levi combines flexible manufacturing with flexible marketing. Customers may visit the Levi's clothing website or some company-owned stores and order a pair of jeans that will be made especially for them. Levi's has adopted a ________ orientation approach

Answers

Levi's has adopted a mass customization orientation approach.

According to the background to the issue, it is correct to state that Levi took a mass customization orientation approach.

This is a strategy that companies use to provide differentiated products and services to meet a customer's specific needs.

The mass customization process is the focus on the product with a flexible production, which guarantees the possibility of a high production and at a lower cost, which therefore means selling a customized product offering a low price to the customer.

Mass customization has the benefits of satisfying consumer desires and creating added value to the company's products and services, which generates better positioning and competitiveness.

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Typical structure characteristics of interest to Industrial Organization researchers include a.​Barriers to entry b.​Product differentiation among firms c.​The number and size distribution of firms d.​All of the above

Answers

In the IO perspective it is important to enter an industry with

a) low supplier power

b) low threat from substitutes

c) low levels of rivalry between firms

d) all of the above

Typical structure characteristics of interest to industrial organization include

a) barriers of entry

b) product differentiation among firms

c) the number and size distribution of firms

d) all the above

firms have a competitive advantage when

a) they can deliver the same product beenfits as their competitors but at a lower cost

b)they can deliver superior product at a similar cost

c) both of the above

d)none of the above

resource to be able to generate sustained competitive advantage over rivals, it must be

a) valuable b) rare c) difficult to imitate or subsititue away from d) all of the above

Calculate the after-tax cost of debt for the Wallace Clinic, a for- profit healthcare provider, assuming that the coupon rate set on its debt is 11 percent and its tax rate is a. 0 percent. b. 20 percent. c. 40 percent.

Answers

Answer:25 percent

Explanation:

Here are the after-tax costs of debt for the Wallace Clinic for each tax rate:

a. 0% tax rate

The after-tax cost of debt is simply the coupon rate since there is no tax deduction for interest payments.

After-tax cost of debt = 11%

b. 20% tax rate

The after-tax cost of debt is calculated by multiplying the coupon rate by 1 minus the tax rate.

After-tax cost of debt = 11% × (1 - 20%) = 0.88%

c. 40% tax rate

The after-tax cost of debt is calculated by multiplying the coupon rate by 1 minus the tax rate.

After-tax cost of debt = 11% × (1 - 40%) = 0.66%

Here is the formula for calculating the after-tax cost of debt:

After-tax cost of debt = coupon rate ×(1 - tax rate)

The after-tax cost of debt for the Wallace Clinic will vary depending on the tax rate. If the tax rate is 0%, then the after-tax cost of debt is simply the coupon rate. If the tax rate is 20%.

Then the after-tax cost of debt is 0.88%. If the tax rate is 40%, then the after-tax cost of debt is 0.66%.

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como hacen las siclas para que uno no se caiga

Answers

con materials duro que aguantan bastante peso.

Answer:

lo que dijo thay

Explanation:

help fast



for 10 pts​

Answers

Answer:

training

Explanation:

I agree with first person I think it’s 2. training

An organization wants to form a strategic alliance with another form. The second firm is at the same level along the value chain. It cannot contribute the same level of financial resources, although it can contribute an extensive level of knowledge. In order to accommodate these factors, they decide to start a legally independent firm. Which of the following alliances will be best suited for the organization?
1) An equity alliance
2) A distribution agreement
3) A contractual alliance
4) A joint venture

Answers

Answer:

A distribution aggreement will be best suited for the organization.

A network externality is the effect that an additional user of a good or participant in an activity has on the value of that good or activity for others. a direct effect on an economic decision maker. an indirect effect on an economic decision maker. an uncompensated effect on someone other than the person who caused it.

Answers

Answer:

I don’t know

Explanation:

I don’t know

The government places excise (per unit) taxes on a variety of goods consumers buy, including gasoline, cigarettes, and alcoholic beverages. How would you describe the demand elasticity of goods most likely to be subject to excise taxes

Answers

Answer:

inelastic

Explanation:

because the prices change have little to no effect since one can not easily forgo them.

define level of profession​

Answers

Explanation:

The word "professional " means different things to different places.

Answer:

the word 'profession' means different things to different people . But at its core , it's meant to be an indicator of trust and expertise . traditionally , a " professional " was someone who derived their income from their expertise or specific talents , as opposed to a hobbyist or amateur.

hope this will help you

plz mrk me braniliest

Choose TWO of the responses that describe disadvantages of Roth IRAS
A) you pay taxes upfront
B) your savings grow tax-free
C) the maximum contribution is low
D) you can withdraw your contributions
E) there are no required minimum distributions​

Answers

Answer:

You pay taxes upfront

the maximum contribution is low

Explanation:

UTP quiz

how does the inflation affect the standard of living​

Answers

Answer:

Inflation affects your standard of living because it can reduce your spending power. Retirees are often greatly affected by inflation because many retirees live on a fixed income.

Explanation

Consequently, their disposable income is reduced as day-to-day expenses consume an ever growing portion of their income.

Explanation:

Inflation affects your standard of living because it can reduce your spending power. Retirees are often greatly affected by inflation because many retirees live on a fixed income.

Takisha Jorimoto works in finance for a small microbrewery. This week Takisha is working on a budget for the next 12 months. She has been doing research to determine prices for the new equipment the company will need in the next 12 months to stay competitive in this market. Which of the steps in financial planning is Takisha involved in

Answers

Answer:

to follow her heart

Explanation:

and you will follow the steps

ASAP PLZ
What advantage does a corporation have over a sole proprietorship or a partnership?
(A) The business is responsible for its debt, not the people who own the business.
(B) It's not considered a separate legal entity from the people who own it.
(C) It's faster to establish and doesn't require the permission of the state or federal government.
(D) It's not subject to double-taxation, whereby the business income is taxed, and then the owners are taxed.

Answers

Answer:

it's faster to establish and doesn't require the permission of the state or federal government

Answer:

A

Explanation:

Shareholders in a corporation are not liable for corporate debts. ...

purchased goods for RS 1000 from arun find debit and credit​

Answers

Answer:

purchase account debit

To arun account credit

( Being goods purchased from arun)

Other Questions
prove the conservation of linear momentum Drag the tiles to the boxes to form correct pairs.Match each organizational pattern with its description. in Brown v. Board of education, the supreme court____.A. ordered the integration of all public schools by 1956B. banned segregation in hotels, theaters, and restaurantsC. upheld the doctrine of "separate but equal"D. declared segregation in public schools unconstitutional Three years back, afather was 24 years older than his son at present the father is 5 times as old as the son how old will the son be three years from now? Taylor and Anya live 36 miles apart.On Some Saturdays.They ride theirs Bikes toward each other's houses and meet somewhere in between. Taylor is very Consistent rider she finds that her speed is always close to 12.5 miles per hour.Anya rides more slowly than Taylor, but she is working out and is becoming a faster rider as the weeks go by.On a Saturday in July, the two friends set out on their bikes at 8 a.m.Taylor rides at 12.5 per hour and Anya rides at 5.5 miles per hour.After one hour, how far apart are they? Show your work and Explain your Answer.At What Time will the two friends meet?How do you know? Show your Work and Explain your Answer. Plz help Elimination method1. 3x-5y=34x-15=-212. 1000 tickets were sold for a school play. The regular price tickets were $5. Tickets for reserved seating was $2 more. The box office took in a total of $5300. How many tickets of each type were sold? 50 PTS Read the following quote:"Your invention of the alphabet is worth more to your people than two bags full of gold in the hands of every Cherokee." -Sam Houston (from History of Sequoyah, Cherokee.org)Based on this quote, what can you conclude?Sam Houston was responsible for inventing the Cherokee alphabet.Sam Houston was a famous Cherokee Chief.Sequoyah was a famous Cherokee Chief.Sequoyah was responsible for inventing the Cherokee alphabet. Determine whether each function is one-to-one, onto, both, or neither. A system of equations is shown below. Which statement about the ordered pair (-7,-3) is true?3x + 3y = - 302x + y = -17a) It is not a solution to either equation.b) It is one of many solutions to the system.c) It is the only solution to the system.d) It is a solution to the first but not the second equation. Is this sentence correctly punctuated: "Can't we go into the house?" He asked. "I'm feeling very cold." If it's wrong write the correctly punctuated sentence. Pleaseee help ill mark brainliest please include explanation too What will happen to the gravitational force when the distance between the centre of the two bodies is halved? The dot plot below shows the numbers of years of experience of the teachers at City High School.++0 2 4 6 8 10 12 14 16 18 20Years of ExperienceDetermine where a gap is present in the data set.between 14 and 18 yearsbetween 5 and 7 yearsoooobetween 2 and 4 yearsbetween 11 and 19 yearsSubmitReset If angle DEG is 8x + 14 and angle GEF is 8x - 7, the measure of angle DEG is ___ degrees. least common multiple of 2 and 3?i forgot how to do this completly over the summer lol Find the measure of the missing angle. 124 degrees117 degrees106 degrees127 degrees Which type of government does the U.S.A. have?Direct DemocracyA RepublicA monarchyFeudalism WILL GIVE BRAINLIEST!!find x 5x-3(x-8)=2x-4 necesito un relato de ciencia ficcion plis, que no sea muy conocido a recipe which yields 5 serving calls for 2 cups of milk. how many cups of milk are needed to make 9 servings?