Answer:
The exchange rate is $1 = 2 pounds.
Explanation:
The exchange rate is the relative value of the two currencies. In other words, the amount of one currency you can exchange for another currency.
The US dollar is defined as equal to 0.1 ounces of gold.
The British Pound is defined as equal to 0.05 ounce of gold.
The exchange rate between the two countries is
= 
= 
= 2
So the exchange rate is $1 = 2 pounds. This means that $1 can be used to exchange 2 pounds.
Answer:
False
Explanation:
they should have them charged and on their person because their boss my be sending them information through it or so that they can get emergency calls from work of family
Answer:
Issued a check for $1,010 to pay the monthly rent
Account Debit Credit
Rent Expense $1,010
Bank $1,1010
Issued a $1,300 check to pay a creditor on account.
Account Debit Credit
Creditor $1,300
Bank $1,300
Purchased new equipment for $390 and paid $110 immediately by check with the remainder due in 30 days.
Account Debit Credit
Equipment $390
Bank $110
Accounts Payable $280
Provided services on credit in the amount of $860.
Account Debit Credit
Service Revenue $860
Accounts Receivable $860
Performed services for cash in the amount of $1,320.
Account Debit Credit
Service Revenue $1,320
Cash $1,320
The owner made an additional investment of $5,600 in cash and $1,050 in equipment.
Account Debit Credit
Cash $5,600
Equipment $1,050
Capital $6,650
Purchased $190 worth of supplies on credit.
Account Debit Credit
Supplies $190
Accounts Payable $190
Sent a $105 check to the utility company to pay the monthly bill.
Account Debit Credit
Utilities Expense $105
Bank $105
Collected $650 from credit customers.
Account Debit Credit
Cash $650
Accounts Receivable $650
Answer:
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Explanation:
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