X-Mart purchased $300 of merchandise and paid immediately. Demonstrate the journal entry to record this transaction, assuming th

Response:

cash   110,000 debit

  land                   100,000 credit

  gain from disposal  10,000 credit

--to document the land sale--

accounts payable 80,000 debit

               cash               80,000 credit

--to record the settlement of debts--

gain from disposal 10,000 debit

                Morgan           7,500 credit

                Halsted          2,500 credit

--to allocate gains from sale--

Morgan 22,500

Halsted    7,500

   Cash                30,000

--to dissolve the partnership--

Clarification:

ratio 3:1 (3+1=4)

Morgan  15,000 share of 3/4 = 75%

Halsted   5,000 share of 1/4 = 25%

a gain of 10,000 from the sale is shared as follows

Morgan 10,000 x 75% =  7,500

Halsted 10,000 x 25% =   2,500

Next, we close the accounts against cash

Answer:

the right response is

A. You appreciate the opportunity and would be delighted to set up an appointment with anyone who requests it.

good luck

d. high negative affect. Negative affectivity refers to a widespread personality trait characterized by a consistent tendency to feel negative emotions. Individuals with high levels of negative affectivity are notably resistant to experiencing negative moods over time and regardless of circumstances. In Jane's situation, despite beginning her new role, she is overwhelmed by negative feelings tied to the campaign.