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Will rickey Hendersons 1980 tops rookie card increase in value upon his entry into the hall of fame?
It has been no secret that Henderson would be elected into the Hall of Fame some day. His induction into the Hall of Fame might bring some renewed attention to Rickey Henderson memorabilia driving the value up temporarily. The current high demand will then lower again to normal levels. The value will stay high if more collectors enter the market in the future, and his memorabilia is less available.
What else can I help you with?
If the effect of the debit portion of an adjusting entry is to increase the balance of an asset account describe the effect of the credit portion of the entry?
increase the balance of the liability account :)
An expiration of a major industry patent would A increase barriers to entry B decrease barriers to entry C leave barriers to entry unaffected D increase supplier power E decrease supplier power?
E. decrease supplier power
What is the journal entry in the increase of authorized capital stock?
debit Unissued Common Stock credit Authorized Common Stock
Will an increase in common stock require a journal entry?
Yes, it requires a journal entry as follows:debit cash / bank / assetscredit share capital
Which reduces competition in an industry?
Patent laws, Freedom of entry for new firms, An increase in the number of producers , An increase in the number of buyers
What Entry will increases liability and revenue?
There is no way to increase Revenue and Liabilities in a single transaction. Another reason for this is the accounting equation.Assets = Liabilities + Owners EquityIn double entry accounting there must be a debit and a credit that equals. You want to "increase" liabilities and revenue with a single entry, this cannot be done because and increase in liabilities relies on a credit entry as does an increase in revenue.Assets maintain a Debit Balance, meaning they increase with a debit.Liabilities maintain a Credit Balance, meaning the increase with a credit.Owners Equity maintains a Credit Balance, increasing with credit.Revenue is an OWNERS EQUITY ACCOUNT and therefore increases with a credit.Say you desired to increase Liabilities $500 and Revenue $500 in a single entry, you couldn't because you'd need to "credit" liabilities $500 and "credit" revenue $500, but you MUST have a "debit" that equals the same amount of credits.
How do you record journal entry to increase notes payable?
debit cashcredit notes payable
What is the journal entry to increase pension expense?
Debit pension expenseCredit cash / bank
What does the letter D mean on an old navy ledger?
The letter "D" on an old navy ledger typically stands for "debit." In accounting, a debit entry represents an increase in assets or a decrease in liabilities or equity. It is used to record transactions that result in an increase in the amount of money owed by a company or individual. The opposite of a debit entry is a credit entry, which represents a decrease in assets or an increase in liabilities or equity.
Why does your bank statement show a credit for an increase in your cash balance?
It's because the bank statement is written from the POV (bank's point of view). In the double entry system, a debit entry is an increase in an asset or expense/decrease in income or a liability while a credit entry is an increase in a liability or income/decrease in an asset or expense. When you pay money into the bank this increases the amount the bank owes you or decreases the amount you owe the bank. From the bank's point of view this means an increase in the amount they owe you (their liabilities have increased) or a decrease in the amount you owe them (their assets have decreased). Hence, an increase in your cash balance at the bank is a credit entry on the statement your bank sends you.
Accompanying the bank statement was a debit memorandum for bank service charges what entry is required in the depositor's account?
increase cash, increase accounts payable
How do you pass an entry to record increase capital?
[Debit] Cash / bank [Credit] Share capital
