enocyramson enocyramson
  • 20-01-2021
  • Business
contestada

F brown lent us 4000 giving us the money by cheque​

Respuesta :

Samawati
Samawati Samawati
  • 20-01-2021

Answer:

See below

Explanation:

This transaction is affecting the bank's balance and F brown accounts. It is increasing the bank balance( asset account) by 4000 and increasing accounts payable/F brown ( liabilities account) by 4000.

An increase in assets is debited while an increase in liabilities is credited.

The journal entry will be

Bank A/c Dr.  4000

F brown A/c           4000

Answer Link

Otras preguntas

When does back to the future 2 take place?
During the light- dependent reaction of photosynthesis light energy is coverted into form of energy?
Find the slope. Is it positive,negative,zero or undefined? Show your work. Y=-1/8x+12
The length of a rectangle is twice it’s width of the area of the rectangle is 50 in^2 , find its perimeter.
Identify some contributions of women inside and outside the home.
How does this image enhance the traditional Southern biscuits recipe?by showing readers why traditional Southern biscuits are uniqueby showing readers one way t
What happens when the computer is thrashing? quizzlet?
How does the integumentary system work with the nervous system?
WILL GIVE BRAINLIEST AWARD FOR THE CORRECT ANSWERS!!!! 5. If there be one among you that is willing/ to have my ABSOLUTION for a shilling. (The Canterbury Tales
Math help. Solve for x