21 ) Journalentries21-23-Sent a bill to R. Hernandez, P2, 500 for car service rendered at his wedding.Gas and oil bills paid, P1, 800.25-Paid P15,000 for repairs of automobiles.

Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Answered: Journal entries 21- Sent a bill to R.…

Journal entries 21- Sent a bill to R. Hernandez, P2, 500 for car service rendered at his wedding. 23- Gas and oil bills paid, P1, 800. 25 Paid P15, 000 for repairs of automobiles.

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter3: Income Sources

Section: Chapter Questions

Problem 4DQ

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

21 )

Journal
entries
21-
23-
Sent a bill to R. Hernandez, P2, 500 for car service rendered at his wedding.
Gas and oil bills paid, P1, 800.
25-
Paid P15,000 for repairs of automobiles.

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