Business, 21.09.2019 04:10 sevaramirabell
The following selected transactions were completed during august of the current year: aug. 1 billed customers for fees earned, $73,970. 4 purchased supplies on account, $2,120. 8 received cash from customers on account, $62,970. 11 paid creditors on account, $830. required: a. journalize these transactions in a two-column journal. b. post the entries prepared in (a) to the following t accounts: cash, supplies, accounts receivable, accounts payable, fees earned. to the left of each amount posted in the accounts, select the appropriate date. c. assume that the unadjusted trial balance on august 31 shows a credit balance for accounts receivable. does this credit balance mean an error has occurred?
Answers: 2
Business, 22.06.2019 10:10
conquest, inc. produces a special kind of light-weight, recreational vehicle that has a unique design. it allows the company to follow a cost-plus pricing strategy. it has $9,000,000 of average assets, and the desired profit is a 10% return on assets. assume all products produced are sold. additional data are as follows: sales volume 1000 units per year; variable costs $1000 per unit; fixed costs $4,000,000 per year; using the cost-plus pricing approach, what should be the sales price per unit?
Answers: 2
Business, 22.06.2019 17:30
Betty contracted with scooby’s skate store to deliver a pair of skates to jake for his birthday. scooby’s owner was going on a trip and delegated the delivery of the skates to brian. brian failed to make delivery.can jake sue brian for breach of contract, as he was not a party to the original contract? explain your answer. brian was not a party to the original contract. why would a court hold him responsible for failing to make delivery? if you do not think a court would hold him responsible, explain your answer. can jake sue scooby’s skates for breach of contract? explain your answer.
Answers: 2
Business, 22.06.2019 19:00
Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.
Answers: 2
Business, 22.06.2019 21:20
Rediger inc., a manufacturing corporation, has provided the following data for the month of june. the balance in the work in process inventory account was $28,000 at the beginning of the month and $20,000 at the end of the month. during the month, the corporation incurred direct materials cost of $56,200 and direct labor cost of $29,800. the actual manufacturing overhead cost incurred was $53,600. the manufacturing overhead cost applied to work in process was $52,200. the cost of goods manufactured for june was:
Answers: 2
The following selected transactions were completed during august of the current year: aug. 1 billed...
Chemistry, 05.09.2020 02:01
Computers and Technology, 05.09.2020 02:01
Physics, 05.09.2020 02:01
Business, 05.09.2020 02:01
Biology, 05.09.2020 02:01