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wlad13 [49]
2 years ago
7

Jensen Cleaning Service uses the listed accounts. (Some of the accounts will be explained in Lesson 2-3.) Prepare two T accounts

for each transaction. On each T account, select the account title of one of the accounts affected by the transaction. Enter the debit or credit amount in each T account to show the transaction’s effect.
This is the problem - it's for T Accounts- I just need to understand how to write it when it's like this
Business
1 answer:
Westkost [7]2 years ago
5 0

Answer:

Cash Sales Transaction

Journal Entry

Dr.  Cash   100,000

Cr.   Sales  100,000

Cash received and sales has been recorded due to the nature of Cash and Income, Cash and Sales is entered as Debit and credit respectively.

* For Journal posting MS excel file is attached which has T account with above transaction posted in it.

Explanation:

Download xlsx
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Magnet Dot, a printer manufacturing company, set up a website to enable its customers to place orders online. It also set up an
sineoko [7]

Answer:

communication costs

Explanation:

Communication is critical for the success of a business. If the communication cost is high, then communication can become a hindrance to the success of business success. The costs associated with communication include fixed telephone, mobile phones cost, and internet access. Travel and venue cost that facilitates face-face meeting also adds to communication costs.

Businesses are embracing modern technology to cut down on their communication cost. Technology has increased the flow of internal and external communication. Magnet Dot is likely to grow as a business as customers can order for products over the internet.

3 0
2 years ago
The financial statements for Dividendosaurus, Inc., for the current year are as follows: Balance Sheet Statement of Income and R
MakcuM [25]

Answer:

Option D,50% is the correct answer.

Explanation:

Dividend payout ratio is an important financial measure which measures the ratio of company's dividends payment to net income of the company.

This implies the portion of income earned in a year given to shareholders as dividends while the remains is kept in the business as source of further growth.

Dividend payout ratio=dividends/net income=$100/$200=50%

4 0
2 years ago
In Q1 2018, CNA Companies reports the following transactions: Capital expenditures of $15 million Loss on sale of equipment of $
matrenka [14]

Answer:

-$11 million

Explanation:

According to the scenario, computation of the given data are as follow:-

We can calculate the impact of transactions on retained earnings by using following formula:-

Impact of transactions on retained earnings = - common dividend - preferred dividend  - loss on sale of equipment

= -$3 million - $2 million - $6 million

= - $11 million

All three items should be deducted as it has a negative impact on the retained earnings

7 0
2 years ago
Derrick was feeling drained after working for several hours on a demanding task that required intense concentration. Derrick the
Marizza181 [45]

Answer: The power of positive energy and motivation

Explanation: A positive energy can be defined as the group of characteristics that a individual desires in himself or herself like enthusiasm, optimism etc.

Motivation can be defined as the method by which an individual can be made to feel positive and be made to achieve his or her goal effectively .

.

In the given case Daisy indirectly made Derrick feel motivated by bringing positive energy through her encouraging conversation with him.

8 0
2 years ago
Calculate the ROI dollar amount and percentage for these example investments. a. You invest $50 in a government bond that says y
Naily [24]

Answer:

a. ROI Dollar Amount $4; ROI percentage = 8%.

b.ROI Dollar Amount $15; ROI percentage = 15%.


a. We have:

Initial investment            $50

Amount at year end       $54

ROI Dollar Amount         54 -50 = 4

ROI Percentage              \mathbf{ \frac{4}{50} * 100 = 8%}

b.

Initial investment            $100

Amount at year end       $115

ROI Dollar Amount         115 -100 = 15

ROI Percentage              \mathbf{ \frac{15}{100} * 100 = 15%}

8 0
2 years ago
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