subject
Business, 25.02.2021 18:10 knighiv

Prepare an answer sheet with the column headings shown here. For each of the following transactions or adjustments, indicate the effect of the transaction or adjustment on the appropriate balance sheet category and on net income by entering for each account affected the account name and amount and indicating whether it is an addition (+) or a subtraction (-). Transaction a has been done as an illustration. Net income is not affected by every transaction. In some cases only one column may be affected because all of the specific accounts affected by the transaction are included in that category. a. Accrued interest revenue of $30 on a note receivable.
b. Determined that the Allowance for Bad Debts account balance should be increased by $2,400.
c. Recognized bank service charges of $23 for the month.
d. Received $18 cash for interest accrued in a prior month.
e. Purchased 6 units of a new item of inventory on account at a cost of $37 each. Perpetual inventory is maintained.
f. Purchased 14 more units on account of the above item at a cost of $42 each. Perpetual inventory is maintained.
g. Sold 8 of the items purchased (in e and f) and recognized the cost of goods sold using the FIFO cost flow assumption. Perpetual inventory is maintained.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 17:30
Emery pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. emery uses 825 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $48 per order. the cost schedules of two suppliers are as follows: vendor 1 vendor 2 quantity price/lb quantity price/lb 1-499 $17 1-399 $17.10 500-999 $16.75 400-799 $16.85 1000+ $16.50 800-1199 $16.60 1200+ $16.25 (a) what is the economic order quantity for each supplier? (b) what quantity should be ordered and which supplier should be used? (c) the total cost for the most economic order sire is $
Answers: 2
question
Business, 23.06.2019 00:50
Amanufacturing firm is considering overhauling the existing compensation strategy. currently every front line employee who works on the assembly line earns the same hourly wage. ideally, management would like to institute a new pay system that involves pay-for-performance. which of the following recommendations is both consistent with scientific management's general emphases and generally good advice for management of this firma. the firm should adopt a differential pay system with one pay level for average performance, and a higher level for good performance. b. the firm should adopt a differential pay system, but the firm should modify it from its original design and provide many different levels of pay associated with different performance levels. c. the firm should understand worker psychology and to focus on pay as the key motivator. d. all of the abovee. none of the above
Answers: 1
question
Business, 23.06.2019 03:30
Sub to "j h" yt channel to be entered in a giveaway $50 visa
Answers: 1
question
Business, 23.06.2019 10:30
Dan mcclure is trying to decide on how many copies of a book to purchase at the start of the upcoming selling season for his bookstore. the book retails at $28.00. the publisher sells the book to dan for $20.00. dan will dispose of all the unsold copies of the book at 75 percent off the retail price, at the end of the season. dan estimates that demand for this book during the season is normal with a mean of 100 and a standard deviation of 42. a. how many books should dan order to maximize his expected profit? b. given the order quantity in part a, what is dan's expected profit? c. the publisher's variable cost per book is $7.50. given the order quantity in part a, what is the publisher's expected profit?
Answers: 1
You know the right answer?
Prepare an answer sheet with the column headings shown here. For each of the following transactions...
Questions
question
Mathematics, 20.02.2021 23:10
question
Arts, 20.02.2021 23:10
question
Mathematics, 20.02.2021 23:10
question
History, 20.02.2021 23:10
question
Mathematics, 20.02.2021 23:10