Business, 25.02.2020 00:42 makenziemartinez

On August 30, JumpStart incurred the following expenses: Payment to the landlord for August rent, $2,300 Payment to Gas & Electric Company for August bill, $525 Payment of employee wages for the last half of August, $1,750 Payment of shopping center's parking lot cleaning fee, $275 Journalize these payments as one journal entry.

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Answer from: Nicolegrove7927

Explanation:

The expenses would be debited and the cash would be credited as the cash is going out of pocket.

Date Account title and explanation Debit Credit

30 August Rent expense $2300

Gas & Electric expense $525

Wages of an employee expense $1750

Cleaning fee $275

Cash account $4850

Thus, this entry would be passed by JumpStart on August 30.

Answer from: Quest

answer; enforce the rules;

Answer from: Quest

1 all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

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On August 30, JumpStart incurred the following expenses: Payment to the landlord for August rent, $2...