Business, 05.05.2020 16:37 sabahtramirez01
A company received cash sales of $15000. They also collected $43000 in receivables during the month. Answer questions 4 to 6 with this information.
4. What is the journal entry for the collection of the receivables?
5. What is the journal entry for the collection of the sales?
6. If the sales received were all made by credit cards with a fee of 1.25%, what would be the journal entry for cash?
Answers: 1
Business, 22.06.2019 18:50
)a business incurs the following costs per unit: labor $125/unit, materials $45/unit, and rent $250,000/month. if the firm produces 1,000,000 units a month, calculate the following: a. total variable costs b. total fixed costs c. total costs
Answers: 1
Business, 22.06.2019 19:00
20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.
Answers: 2
Business, 22.06.2019 21:30
Which is the most compelling reason why mobile advertising is related to big data?
Answers: 1
Business, 22.06.2019 21:40
The following items could appear on a bank reconciliation: a. outstanding checks, $670. b. deposits in transit, $1,500. c. nsf check from customer, no. 548, for $175. d. bank collection of note receivable of $800, and interest of $80. e. interest earned on bank balance, $20. f. service charge, $10. g. the business credited cash for $200. the correct amount was $2,000. h. the bank incorrectly decreased the business's by $350 for a check written by another business. classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.
Answers: 1
A company received cash sales of $15000. They also collected $43000 in receivables during the month....
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