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Please finish these 5 questions and give a reason. Which one of the posting answer options matches the following transaction? An investment firm receives interest
Please finish these 5 questions and give a reason.
Which one of the posting answer options matches the following transaction? "An investment firm receives interest on corporate bonds held" Which one of the posting answer options matches the following transaction? "A car maker sells a car via a local subsidiary, to a customer signing a 4 year loan agreement" Which one of the posting answer options matches the following transaction? "A business buys shares in a competitor for investment purposes" Which one of these transactions does not count as Revenue? (one answer) Which one of the posting answer options matches the following transaction? "A local restaurant receives a government grant to be able to pay their staff through a period of corona-induced lockdown" Debit accounts receivable, credit interest income Debit interest income, credit accounts receivable Debit interest income, credit accounts payable Debit accounts payable, credit interest income None of the above Debit finished goods, credit loans receivable Debit loans receivable, credit finished goods Debit loan income, credit merchandise Debit merchandise, credit loan income None of the above Debit competitor shares, credit cash account Debit cash account, credit competitor shares Debit investments, credit cash account Debit cash account, credit contingency reserves Debit cash account, credit investments Debit contingency reserves, credit cash account Selling a piece of equipment for scrap Selling finished product to get paid later Selling raw materials for cash Selling half-finished products without VAT Selling finished products on credit Debit tax payable, credit cash account Debit cash account, credit tax payable Debit cash account, credit other income Debit other income, credit cash account None of the aboveStep by Step Solution
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