A company paid $500 cash for a new printer. the entry to record this transaction would include a Credit to cash.
To show that the supplier has received payment, the amount is deducted from their accounts payable account. It will thereafter be assigned to an invoice that is posted to the supplier's account. The business has paid for cash, and it has to be added to the cash asset account.
When a company pays a supplier cash but the money is not credited to a specific supplier invoice or the supplier has not yet received an invoice, a paid cash on account journal entry is required. Consider a scenario where a company requests design services and pays a provider $2,000 in cash.
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Answer:
Total period cost for the month $65,240
Explanation:
Product cost under variable costing = Direct materials + Direct labor + Variable overheads
Period cost under variable costing = Fixed manufacturing overheads + All non manufacturing overheads (Variable and fixed)
Calculation of the total period cost using variable costing
Variable selling and administrative expense ($11 × 1,380 units)
$15,180
Fixed manufacturing overhead
$19,700
Fixed selling and administrative expense
$30,360
Total period cost for the month
$65,240
A company president attends a groundbreaking ceremony for a new children's hospital located near company headquarters. the president's role is best classified as that of a figurehead.
Senior executives can unilaterally control a small number of resources. Rationale: Jeffrey Pfeffer, professor of organizational behavior at Stanford University, theorizes that leadership is independent of most organizational performance. In a team-based organization, a typical leader's role is to facilitate and support the team's decision-making.
Effective leaders are groundbreaking ceremony, motivate teams, take responsibility and delegate, listen to feedback, and have the flexibility to solve problems in an ever-changing workplace. Employers look for these skills in candidates they hire for management positions.
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'Agatha helped her client Rufus complete the Sales Contract that documents Rufus's purchase offer to the seller for the property he'd like to buy.
A bill of sale, bill of sale, purchase order or bill of sale is a legal contract for the purchase of property by a buyer from a seller for an agreed monetary value. A decidedly ancient exchange practice now governed by statutory law in many common law jurisdictions.
A sales contract is an agreement between a buyer and a seller for the sale and delivery of goods, securities or other movable property. In the United States, domestic sales contracts are governed by the Uniform Commercial Code.
A bill of sale is a contract that sets out the terms of exchange between a buyer and a seller. Also called bill of sale, contract of sale, contract of sale, contract of sale, or bill of sale. A very common type of purchase agreement is the type used when buying a home.
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