Question: Indicate whether the business activity noted below is an event or a transaction. Repaid a loan with $20,000 from the company bank account. Question 9

Indicate whether the business activity noted below is an event or a transaction. Repaid a loan with $20,000 from the company bank account. Question 9 options: 1) event 2) transaction

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

A large farm is trying to decide how to reduce the spread of a virus that is spreading contagiously among its animals. They have allocated a budget of $200,000 to take measures against the virus, and...

Indicate whether the business activity noted below is an event or a transaction. Agreed to a new cell phone provider. The new service starts next month. Question 1 options: 1 ) event 2 ) transaction

Indicate whether the business activity noted below is an event or a transaction. Hired an advertising firm to develop a TV ad for a new product. The ad will be finished next month and you will pay...

Harrold Ltd. records their business transactions into thebasic accounting equation. For each of the following independent business activities, indicate the effect on the basic accounting equation....

I need the answers to section IV on Walmart and Target ACCT 6305/SYSM 6337 Pre-Skilling Fall 2016 Table of contents Table of contents I. Basics of Financial Accounting...

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION The definitions and interpretations commencing on page 4 of this Circular have been used in this front cover. If you are in any doubt...

I have a question on Liquidity ratios based on a financial statement. Please open the attachments below. INDEPENDENT AUDITORS' REPORT TO PARLIAMENT AND THE SHAREHOLDER OF SOUTH AFRICAN AIRWAYS SOC...

I have a question on Solvency ratios based on a financial statement. Please open the attachments below. INDEPENDENT AUDITORS' REPORT TO PARLIAMENT AND THE SHAREHOLDER OF SOUTH AFRICAN AIRWAYS SOC...

I have a question on Profitability ratios based on a financial statement. Please open the attachments below. INDEPENDENT AUDITORS' REPORT TO PARLIAMENT AND THE SHAREHOLDER OF SOUTH AFRICAN AIRWAYS...

Hi there I need help answering ASSIGNMENT 1 ONLY by Friday afternoon. I have attached the study pack to help answer the question. Thanks! FIN4802 ASSIGNMENTS ASSIGNMENT 01 Due date: 13 May 2016...

4) Parktown Realty Inc developed an upscale condominium complex. On October 1, Miranda Wine signed an offer to purchase one of the units. Part of that document said, "This offer is irrevocable by the...

A payroll check was issued to part-time employee kim booker? Kim earns 11.30 per hour and worked 40 hours during this past two week par period ending today. how would i journalize this?

A large company wishes to open new depots to deliver to its sales centers. Every new set-up of a depot has a fixed cost (one time construction cost of the depot). Goods are delivered from a depot to...

Match each of the items on the right to one on the left.RetinaChoose...PhotoreceptorsChoose...Ganglion CellsChoose...Optic NerveChoose...FoveaChoose...Hue * Choose . . . Red and VioletChoose...

In Medical Sociology, we see that African-American males tend to live somewhat shorter lives than their male counterparts in various races. Based on researchers, what are some factors that may...