The december 31, 2018, year-end inventory balance of the raymond corporation is $244,000. you have been asked to review the following transactions to determine if they have been correctly recorded. goods shipped to raymond f. o.b. destination on december 26, 2018, were received on january 2, 2019. the invoice cost of $47,000 is included in the preliminary inventory balance. at year-end, raymond held $31,000 of merchandise on consignment from the harrison company. this merchandise is included in the preliminary inventory balance. on december 29, merchandise costing $7,700 was shipped to a customer f. o.b. shipping point and arrived at the customer’s location on january 3, 2019. the merchandise is not included in the preliminary inventory balance. at year-end, raymond had merchandise costing $32,000 on consignment with the joclyn corporation. the merchandise is not included in the preliminary inventory balance.

Recently, it was observed that people have started saving more rather than spending. this has impacted the demand for luxury goods and services. the decline in the demand led to unemployment in the related sectors. what can be a primary solution to reduce the unemployment levels in the country? a. increase the interest rates b. impose fine for savings c. force industries to rehire employees d. reduce the interest rates e. import goods and services

Concrete consulting co. has the following accounts in its ledger: cash; accounts receivable; supplies; office equipment; accounts payable; jason payne, capital; jason payne, drawing; fees earned; rent expense; advertising expense; utilities expense; miscellaneous expense. transactions oct. 1 paid rent for the month, $3,600. 3 paid advertising expense, $1,200. 5 paid cash for supplies, $750. 6 purchased office equipment on account, $8,000. 10 received cash from customers on account, $14,800. 15 paid creditors on account, $7,110. 27 paid cash for miscellaneous expenses, $400. 30 paid telephone bill (utility expense) for the month, $250. 31 fees earned and billed to customers for the month, $33,100. 31 paid electricity bill (utility expense) for the month, $1,050. 31 withdrew cash for personal use, $2,500. journalize the following selected transactions for october 2019 in a two-column journal. refer to the chart of accounts for exact wording of account titles

Which of the following is a disadvantage to choosing a sole proprietorship business structure? question 9 options: the owner has personal responsibility for the company's liabilities. the owner has to share the profits with partners. the owner is still liable for personal debts. the owner has to report to shareholders.