1answer.
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
marin [14]
2 years ago
12

In July, Lane Co. sells merchandise to Avery Co. on account. In August, Avery pays the balance in full. The entry that Lane will

make to record the receipt of cash will include a credit to the _______ account. Multiple choice question.
a. Accounts Receivable.
b. Cash.
c. Unearned Sales.
d. Accounts Payable.
e. Sales.
Business
1 answer:
grandymaker [24]2 years ago
7 0

The entry that Lane will make to record the receipt of cash will include a credit to the: a. Accounts Receivable.

<h3>What is Accounts Receivable?</h3>

Accounts Receivable can be defined as the amount a company is expected to receive from their clients or customers for the goods and service they rendered to their clients.

Based on the information given the appropriate journal entry to record the transactions is:

Debit Cash

Credit Account receivable

(To record the receipt of cash)

Inconclusion the entry that Lane will make to record the receipt of cash will include a credit to the: a. Accounts Receivable.

Learn more about account receivable here:brainly.com/question/24848903

You might be interested in
firms should emphasize the importance of consistently good customer service to its employees so that good customer service becom
ipn [44]

Firms should emphasize the importance of consistently good customer service to its employees in order that good customer service becomes a part of the organizational culture.

Organizational culture is that the collection of values, expectations, and practices that guide and inform the actions of all team members. consider it because the collection of traits that make your company what it's. a good culture exemplifies positive traits that result in improved performance, while a dysfunctional company culture brings out qualities that may hinder even the foremost successful organizations. Organizational culture affects all aspects of your business, from punctuality and tone to contract terms and employee benefits. When workplace culture aligns together with your employees, they’re more likely to feel softer, supported, and valued. Companies that prioritize culture may also weather difficult times and changes within the business environment and are available out stronger.

Learn more about Organizational culture.

brainly.com/question/16049983.

#SPJ4

6 0
1 year ago
HELP me please
lara31 [8.8K]
Brainly can solve anything
4 0
4 years ago
Investors and creditors are particularly interested in this financial statement because it tells them what is happening to the c
Sunny_sXe [5.5K]
Answer: D. balance sheet.
3 0
3 years ago
Although Lenin wanted to establish, for the short term, a state-capitalist economic system in Russia, which resembled the succes
SashulF [63]

Answer:

war communism

Explanation:

The necessities of the civil war pushed the government to a more radical economic system known as war communism. This were the economic policies that were introduced in Russia in 1918 towards the end of the first World War by Vladimir Lenin which was the leader of Russia at that time. This Economic Policy was terminated in 1921 and was deemed as a failure.

4 0
3 years ago
Jason and Jeanette are starting their business as a partnership along with eight other friends. They should understand that this
svetoff [14.1K]

Answer:

Unlimited Liability

Explanation:

Jason, Jeanette, and their eight other friends are forming an unlimited liability corporation, which exist in a few Canadian provinces (Alberta, Nova Scotia, and British Columbia).

In unlimited liablity corporations, as the name implies, partners have unlimited liability in case of bankruptcy or default. This means that if the company fails, partners do not only provide their capital contributions, but also their personal wealth. (for example, their houses, cars, appliances, etc).

3 0
3 years ago
Other questions:
  • With respect to advertising, _____ opinion leadership can involve presenting the results of surveys showing that a high percenta
    7·1 answer
  • Canadian logging companies sell timber in the United States. To the U.S., the timber is a(n)_____, and for Canadians, the timber
    13·1 answer
  • What are the three most critical components that a marketer needs to examine to segment a market effectively?
    14·1 answer
  • Everything Looks Like a Nail, Inc. is a manufacturing company that produces hammers. The company faces a number of different fix
    12·1 answer
  • The graph above shows how the price of video games varies with the demand quantity. The equilibrium _____ is $50, and the equili
    8·1 answer
  • Consider a two-period model of a perfectly competitive firm that owns the rights to a finite deposit of a non-renewable resource
    15·1 answer
  • Point Company paid $4,000 cash to purchase a new machine. The company also paid $500 cash for an initial training cost that was
    9·1 answer
  • Construction managers can be salaried employees or work for___________.
    13·1 answer
  • What is one counter-argument to the premise that the wealth gap is a serious problem which needs to be addressed? the lower clas
    7·1 answer
  • If washburn guitars were to lower the price of the maya pro dd75 to $2,499 from $2,699, sales of the guitar would increase 30 pe
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!