Donna Said:

How does a memo differ from a memorandum?

We Answered:

The word Memo is a short form of the word memorandum. They're exactly the same.

Ida Said:

How to look busy?

We Answered:

or just pick up the ball and run with it!! lol

Barbara Said:

help business questions for anyone who knows it?

We Answered:

Here's a few:

1) false - most people don't remember those dates and details that well without a written record

3) memo

5) false - cover letters should be only one page

7) true

8) introduce the subject of the memo

11) true

13) It makes the words you have written easier to understand

14) false - successful companies are not especially concerned with placing blame anyways. That is an extremely ineffective managerial technique to place blame.

16) network

Nelson Said:

accounting class i need help?

We Answered:

Jan 15: Invested capital of $50,000
Dr Cash Account $50k
Cr Capital stock $50k

Jan 17: Paid $400 office rent for the remainder of January
Dr Rent expense $400
Cr Cash account $400

Jan 20: Purchased office supplies for $200. The supplies will last for several months, and payment is not due until February 15th
Dr Office supplies $200
Cr AP $200

Jan 25: Purchased office equipment for $15,000 cash
Dr Office equipment $15000
Cr Cash account $15000

Jan 27: Performed consulting services and billed clients for $2,000. The entire amount will not be collected until February
Dr AR $2000
Cr Consulting revenue $2000

Jan 31: Recorded a $100 utilities expense. Payment is not due until February 20th
Dr Utilities $100
Cr AP $100


* On January 5th, Mr. David took $20,000 from his personal savings and deposited it to start a business account in the name of David Transport Service
Dr Cash $20k
Cr Owner's equity $20k

* On January 6, David Transport Service issued check No. 506 for $2,000 to buy a computer system
Dr Computers $2000
Cr Cash $2000

* On January 10, David Transport Service paid $100 to Blue company for telephone charges. Memorandum 5.
Dr Telephone expense $100
Cr Cash $100

* On January 15, David Transport Service mailed check No. 507 for $500 toward the month’s rent
Dr Rent expense $500
Cr Cash $500

* On January 20, David wrote check No. 508 to withdraw $500 cash for personal use
Dr Drawings $500
Cr Cash $500