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LenKa [72]
3 years ago
11

Journalize the transactions.

Business
1 answer:
andreev551 [17]3 years ago
7 0

Answer:

Oct. 1, investment of $20,000 in real estate business

Dr Cash 20,000

    Cr Common Stock 20,000

Oct. 3, office furniture purchased on account

Dr Office furniture 2,300

    Cr Accounts payable - office furniture 2,300

Oct. 6, fees charged for real estate services

Dr Accounts receivable 3,600

    Cr Fees earned 3,600

Oct 27, partial payment of accounts payable

Dr Accounts payable 850

    Cr Cash 850

Oct. 30, salary paid to administrative assistant

Dr Wages and salaries expense $2,500

    Cr Cash 2,500

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Assume you receive a 3.5% raise in your 2014 salary for 2015. In addition, suppose the CPI was 238 in 2014 and 240 in 2015. Your
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Answer: a. increased

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Inflation rate = (CPI of second year - CPI of the first year ) / CPI of the first year

= (240 - 238) / 238

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Your wage increased by 3.5% which is more than inflation so your real wage increased by;

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Read 2 more answers
Where can you find information about the cost of goods sold as well as total
yawa3891 [41]

The adjusted trial balance represents the cost of goods sold as well as total sales. Thus, option D is correct.

<h3>What is the cost of goods sold? </h3>

Cost of goods means the direct cost that is included in the making of the goods. The cost of goods is calculated by adding the purchase price of the commodity and deducting the closing inventory.

A report known as an adjusted trial balance lists all the debit and credit firm accounts exactly as they would appear on the accounting records after reconciliations have been made. Therefore, option D is the correct option.

Learn more about the cost of goods sold, here:

brainly.com/question/14665160

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