Answered: 4/3 Paid the Gazette $200 to place an…

4/3 Paid the Gazette $200 to place an employment advertisement for an accounting clerk. how to solve this problem? with puting into general journal as debit and credit side

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter4: Posting To A General Ledger

Section: Chapter Questions

Problem 1CP

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Loanable Funds Theory

The loanable funds theory is a neoclassical theory that determines the interest rate where the demand for loanable investments and supply of loanable funds intersect. To determine the interest rate, this theory employs linear regression and a demand curve. At the equilibrium point, demand for borrowings and demand for the issuance of borrowing funds are inextricably linked. This point of equilibrium should equalize demand and the supply of money available for borrowing.

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4/3 Paid the Gazette $200 to place an employment advertisement for an accounting clerk.
how to solve this problem? with puting into general journal as debit and credit side

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