Question and answer
National authority has greatly expanded in the twentieth century primarily because: A. the states and their citizens have become increasingly interdependent. B. constitutional amendments have
opened the way for wider application of national authority. C. the state governments have shown themselves to be an ineffective level of government. D. the Democrats have been in control of Congress for most of the century. Reset Selection
A) the states and their citizens have become increasingly interdependent.
Expert answered|mythmoh|Points 4879|
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Asked 6/11/2012 4:07:23 PM
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Asked 6/8/2012 3:30:17 PM
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A firm paid cash to apply against a debt. To record this transaction, the accountant would: 1. debit Accounts Receivable and credit Cash. 2. debit Accounts Payable and credit Cash. 3. debit Cash and credit Accounts Payable. 4. credit Cash and credit Accounts Payable.
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Expert Answered
Updated 5/7/2014 3:53:44 AM
1 Answer/Comment
When an entry is made in the general journal, accounts to be debited should be listed first.
Added 5/7/2014 3:53:44 AM
The journal entry to record the purchase of equipment for a $100 cash down payment and a balance of $400 due in 30 days would include a debit to __________ and a credit to __________. A. Equipment for $100; Cash for $100 B. Equipment for $500; Cash for $100, and to Accounts Payable for $400 C. Equipment for $100; Accounts Payable for $400 D. Equipment for $500; Cash for $500
Question
Updated 3/31/2013 3:32:43 PM
1 Answer/Comment
The journal entry to record the purchase of equipment for a $100 cash down payment and a balance of $400 due in 30 days would include a debit to Equipment for $500; and a credit to Cash for $100, and to Accounts Payable for $400.



Added 3/31/2013 3:32:43 PM
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