subject
Business, 15.04.2020 16:12 egirl7838

A customer purchases $340 worth of merchandise from The GAP using a gift card. What is the journal entry The Gap records?

a. DR Cash $340; CR Unearned Revenue $340
b. DR Revenue $340; CR Unearned Revenue $340
c. DR Cash $340; CR Revenue $340
d. DR Unearned Revenue $340; CR Revenue $340"

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 22:50
The following data pertains to activity and costs for two months: june july activity level in 10,000 12,000 direct materials $16,000 $ ? fixed factory rent 12,000 ? manufacturing overhead 10,000 ? total cost $38,000 $42,900 assuming that these activity levels are within the relevant range, the manufacturing overhead for july was: a) $10,000 b) $11,700 c) $19,000 d) $9,300
Answers: 2
question
Business, 22.06.2019 03:10
On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.
Answers: 3
question
Business, 22.06.2019 11:40
During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million
Answers: 1
question
Business, 22.06.2019 19:30
About 20 years ago, sturdy light, inc., produced a sturdy, lightweight backpack in a market that was rapidly growing. sturdy light became a leader in this market. eventually, the backpack market reached the maturity stage and slowed down. however, by this time, sturdy light had developed a strong brand name and continued to steadily lead the market. which of the following describes this scenario? a. sturdy light was a star that developed into a cash cow. b. sturdy light was a question mark that developed into a star. c. sturdy light was a dog that developed into a question mark. d. sturdy light was a cash cow that developed into a star.
Answers: 2
You know the right answer?
A customer purchases $340 worth of merchandise from The GAP using a gift card. What is the journal e...
Questions
question
Social Studies, 28.08.2020 01:01
question
Mathematics, 28.08.2020 01:01
question
Mathematics, 28.08.2020 01:01
question
Mathematics, 28.08.2020 01:01
question
Mathematics, 28.08.2020 01:01
question
Mathematics, 28.08.2020 01:01
question
Mathematics, 28.08.2020 01:01
question
Mathematics, 28.08.2020 01:01
Questions on the website: 13722360