Brown Consulting Services organized as a corporation
on January 18 and engaged in the following
transactions during its first two weeks of operation:
Jan. Issued capital stock in exchange for $30,000
18 cash.
Jan. Borrowed $20,000 from its bank by issuing a
22 note payable.
Jan. Paid $100 for a radio advertisement aired on
23
January 24,
Jan. Provided $1,000 of services to clients for
cash.
Jan. Provided $2,000 of services to clients on
account.
Jan. Collected 5800 cash from clients for the
31 services provided on January 26.
a
Record each of these transactions in the
general journal fomit explanations).
b. Determine the balance in the Cash account on
January 31. Be certain to state whether the
balance is debit or credit.
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Answer:
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Explanation:
Seafloor spreading and other tectonic activity processes are the result of mantle convection. Mantle convection is the slow, churning motion of Earth's mantle. Convection currents carry heat from the lower mantle and core to the lithosphere. Convection currents also “recycle” lithospheric materials back to the mantle.
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