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RideAnS [48]
2 years ago
11

To record a customer's check in full payment for a sale that was made the prior month, the company should debit the ____________

account.
A. Unearned Sales
B. Sales Accounts
C. Payable Cash
D. Accounts Receivable
Business
1 answer:
bearhunter [10]2 years ago
6 0

To record a customer's check in full payment for a sale that was made the prior month, the company should debit the payable cash account.

<h3>Payable cash account</h3>

Based on the information given the appropriate journal entry to record a customer's check in full payment for a sale is:

Journal entry

Debit Payable Cash account

Credit Sales accounts

(To record customer's check in full payment)

Inconclusion to record a customer's check in full payment for a sale that was made the prior month, the company should debit the payable cash account.

Learn more about payable cash account here:brainly.com/question/4656883

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Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $550,000. In addition to the purchase price, FVI makes the followi
maw [93]

Answer:

Land 594,500

Explanation:

We must include all cost necessary to acquire the land and lelave it ready to use.

But, the demolition cost are associate with the old warehouse thus, as thsis asset is being destroyed It will be considered period cost, It will not be capitalized through land.

Acquisition cost    550,000

broker commission 35,000

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Total cost               594,500

8 0
4 years ago
Sandra has two credit cards, P and Q. Card P has a balance of $726.19 and an interest rate of 10.19%, compounded semiannually. C
Elan Coil [88]
First, convert interest to the effective annual interest rate using this formula:

(1 + i/m)^m - 1, where m = 2 for semiannual and m = 12 for monthly. Then, use this formula to find the future worth:

F = P(1+i)^n, where P is $726.19 and <span>$855.20, respectively, for Card P and Q. n is equal to 4.

Card P: F = 1080.704
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Then, find the amount decrease by subtracting F - P.

Card P: F - P = $354.514
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5 0
3 years ago
Read 2 more answers
Assume the company recorded no write-offs or recoveries during 2015. What was the amount of bad debt expense reported in 2015
OLEGan [10]

Answer: $14,500

Explanation:

I could not find the same question as some details are missing but I did find a similar one that you can reference from. Find it attached.

As the company recorded no write-offs or recoveries during the year, the bad debt expense will be the difference in the allowances made for bad debts over the 2 years.

Bad Debt expense = Allowance balance in 2016 - Allowance balance in 2015

= 80,000 - 65,500

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6 0
3 years ago
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katrin2010 [14]

Answer:

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Explanation:

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5 0
3 years ago
Stan is preparing a message by using the interest and desire sections of the aida model to demonstrate that he has good reason f
neonofarm [45]
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4 years ago
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