answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sveta_85 [38]
2 years ago
12

Record the following selected transactions for January in a two‐column journal. Once you have completed that, answer questions 1

– 5 related to your work.
(a) Earned $7,000 fees; customer will pay later.

(b) Purchased equipment for $45,000, paying $20,000 in cash and the remainder on credit

(c) Paid $3,000 for rent for January.

(d) Purchased $2,500 of supplies on account.

(e) A. Allen $1,000 investment in the company.

(f) Received $7,000 in cash for fees earned previously.

(g) Paid $1,200 to creditors on account.

(h) Paid wages of $6,250.

(i) Received $7,150 from customers on account.

(j) A. Allen withdrawal of $1,750.



3. For part (a), which two accounts are affected?

A. Accounts receivable and fees earned

B. Supplies and accounts payable

C. Cash and accounts receivable

D. Rent expense and cash
Business
1 answer:
docker41 [41]2 years ago
3 0

Answer:

the right answer is A; Accounts receivable and fees earned

Explanation:

the fees belong to a sub-account that is part of the group of debtors and are active class, which means that the dynamics of this sub-account will be debited.

because it is a pending value to collect.

You might be interested in
A consumer has ​$140 in monthly income to be spent on two goods Z and B. The price of good Z ​(Pz​) is ​$6.00. The Marginal Rate
romanna [79]

Answer:

3 and 46.67 units

Explanation:

The formula and the computations are shown below:

The price of good B is

= {The price of good Z (Pz)} ÷ {Marginal rate of transformation}

= {$6} ÷ {2}

= 3

Now the number of units to be purchased for all income used is

= (Monthly income spent on two goods) ÷ (price of good B)

= ($140) ÷ (3)

= 46.67 units

By applying the above formula we can find out the price of good B and the number of units purchased

5 0
2 years ago
The common stock of Detroit Engines has a beta of 1.34 and a standard deviation of 11.4 percent. The market rate of return is 11
stealth61 [152]

Answer:

The firm's cost of equity is C. 14.05 percent

Explanation:

Hi, we need to use the following formula in order to find the cost of equity of this firm.

r(e)=rf+beta(rm-rf)

Where:

r(e) = Cost of equity

rf = risk free rate

rm = Market rate of return

Everything should look like this.

r(e)=0.04+1.34(0.115-0.04)=0.1405

So, this firm´s cost of equity is 14.05%

Best of luck

6 0
2 years ago
On January 15, 2020, Dolan Corp. adopted a plan to accumulate funds for environmental improvements beginning July 1, 2024, at an
Andreyy89

Answer:

Annual deposit (PMT) = $1,567,060.39

Explanation:

Given:

Future value of annuity due = $8,000,000

Rate of interest(r) = 10% = 0.1

Number of year (n) = 4 year

Annual deposit (PMT) = ?

Computation of annual deposit :

Future\ value\ of\ annuity\ due = PMT [\frac{(1+r)^n-1}{r} ](1+r)\\\\8,000,000 = PMT [\frac{(1+0.1)^4-1}{0.1} ](1+0.1)\\\\8,000,000 = PMT [\frac{(1.1)^4-1}{0.1} ](1.1)\\\\8,000,000 = PMT [\frac{(0.4641}{0.1} ](1.1)\\\\8,000,000 = PMT [5.1051]\\PMT = 1,567,060.39

Annual deposit (PMT) = $1,567,060.39

6 0
2 years ago
The Walden Manufacturing Corp. has office support salaries of $4,000, factory supplies of $1,000, indirect labor of $6,000, dire
Sedbober [7]

Answer: <em>Total Period Cost = $20,500</em>

Explanation:

Given :

Salary = $4000

Factory supply = $1000

Indirect labor = $6000

Direct material = $16000

Advertising expense = $2500

Office expense = $14000

Direct labor = $20000

Period costs are the costs incurring that do not tend to be a section of manufacturing process. Therefore, we compute the Period Cost using the following formula:

<em> Period costs = Salary + Advertising expense + Office expense </em>

<em> = $4,000 + $2,500 + $14,000 </em>

<em> = $20,500</em>

7 0
2 years ago
Keith, a county health department worker, is creating a presentation about safe food handling practices for local restaurant wor
tatyana61 [14]

Answer:

the favorite foods of everyone in the audience

health issues that affect a majority of the audience

Explanation:

The presentation must include personal relevant data for the audience otherwise they won’t feel connected to the subject. Having this in mind Keith best approach in her presentation is to be close regarding food preferences and link them to good preparation practices in order to prevent common diseases.

5 0
2 years ago
Other questions:
  • How does taxation and legislation impact positively and negatively on outsurance
    6·1 answer
  • An instruction to a securities agent to sell a stock when it reaches a specific price is a ________. short sell market order lim
    13·1 answer
  • You, Student B. Success have been hired to start on February 1, 2017, as the new accounting clerk. Your employee number is B-XXX
    5·1 answer
  • If the local government tells gas stations that they are not allowed to change the price of gas for three weeks during hurricane
    14·1 answer
  • Return to Problem Navigation Morgan Company uses the perpetual inventory system and the gross method of recording sales discount
    14·1 answer
  • Joe and Debra are deeply interested in the well-being of the cocoa farmers they buy from. Imagine that they were thinking about
    6·1 answer
  • A young couple living in rural west-central Missouri heard about the closing of a local grocery store. Although a small operatio
    12·1 answer
  • Carlos wants Juan and Rita to handle the personality issues themselves. As the company did not make any thought-out change in an
    6·1 answer
  • The Dahlia Medical Center has 30 labor rooms, 15 combination labor and delivery rooms, and 3 delivery rooms. All of these facili
    10·1 answer
  • Process Costing using First-in-First Out (FIFO) Crone Corporation uses the FIFO method in its processing costing system. The fol
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!