Answer:
D. Debit Sales Revenue for $140 and credit Cash for $140.
Explanation:
The journal entry to record the sale:
Dr Cash 3,500
Cr Sales revenue 3,500
Dr Cost of goods sold XY
Cr Merchandise inventory XY
The journal entry to record the allowance for the defective merchandise:
Dr Sales revenue (or sales returns and allowances) 140
Cr Cash 140
Sales returns and allowances account is a contra revenue account that decreases sales revenue. In this case, the company uses only sales revenue account which is reduced by debiting it.
The price of corn will increase will definitely occur in the corn market.
Option A
<u>Explanation:
</u>
Ethanol is a renewable fuel of several organic materials known as "biomass." Further, then 98% of U.S. petroleum includes ethanol, usually E10 to control air emissions, or E10 (10% ethanol, 90% gasoline). Oxygenation of petrol
Corn ethanol is the primary ethanol origin of ethanol fuel throughout the United States derived from corn biomass.
Maize ethanol is generated by fermenting and distilling of ethanol. It is questionable whether corn ethanol consumption leads to lower pollution of greenhouse gas than petrol.
Answer:
b,
Explanation:
treatment of hazardous waste is preferred to the other options, in a sense they all have side effect. But if waste are treated it reduces the rate of pollution.
Answer:
B. $123,000
Explanation:
The computation of the Paul's cost of going to college is presented below:
= Tuition fees + room and board charges + books expenses + earning as a construction job - room and board charges
= $90,000 + $15,000 + $7,000 + $22,000 - $11,000
= $123,000
We simply deduct the room and board charges while working as a construction job and the other items would be added