All categories

2 years ago

An accounts receivable ledger:

Business

1 answer:

nordsb [41]2 years ago

6 0

An accounts receivable ledger is one that is used to show the credit sales that are made by a business.

<h3>What is a Ledger?</h3>

This refers to the accounting book that is used to keep financial records and other related accounts.

Hence, we can see that in the case of an accounts receivable ledger, one can see that the balances of each customer is reconclied periodically as more transactions are made.

You might be interested in

Nash Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1

Gennadij [26K]

Answer:

weighted average interest rate 10.61 %

Explanation:

construction capitalized interest

mar-01 1,848,000.00 x 10/12 1,540,000.00

jun-01 1,248,000.00 x 7/12 728,000.00

dic-31 30,198,800.00 x 0 <u> - </u>

capitalization 2,268,000.00

especific borrowings

$1,038,290 note at 13% = 134977.7

capitalziation through non-specifit borrowings

2,268,000 - 1,038,290 = 1,229,710.00

average rate

loan rate interest

2,241,900 10% 224,190

3,500,300 11% 385,033

5,742,200 609,223

average rate: 609,223/5,742,200 = 0.106095747

capitalized from non-specific:

1,229,710 x 10.61% = 130,467.00

total interest capitalized =

134,977.7 + 130,467 = 265,444.70

5 0

3 years ago

Trevor is watching a late night TV show when a low-budget commercial for a local restaurant comes on air. He is affronted by the

tangare [24]

Answer: Peripheral route.

Explanation:

Persuasion is the ability to convince one or more people about something, to think in a certain way, or to do something in particular.

The persuasion follows two routes; the central route, and the peripheral route:

The central route of persuasion occurs when the person is persuaded by the message received.
The peripheral route of persuasion occurs when the person is persuaded by something different than the message, such as how the message is presented.

In this case, Trevor was guided by what he saw to decide, so he followed the peripheral route of persuasion.

<em>I hope this information can help you.</em>

5 0

3 years ago

Chiến lược phân phối của thương hiệu Omo

inn [45]

Answer:No

si chang chang hoi

Explanation:

6 0

3 years ago

On May 7, Bergan Company purchased on account 10,000 units of raw materials at $8 per unit. During May, raw materials were requi

katrin [286]

Answer:

Dr Purchases/ Raw Material Inventory .......................80,000

Cr Bank/Account Payable....................................................80,000

Dr Work in Process ................................................................67,400

Cr Raw Material Inventory............................................................67,400

Explanation:

FOR PURCHASE OF MATERIAL

Dr Purchases/ Raw Material Inventory .......................80,000

Cr Bank/Account Payable....................................................80,000

Being purchase of 10,000 units of raw materials at $8 per unit

FOR MATERIAL FOR PRODUCTION

Dr Work in Process ................................................................67,400

Cr Raw Material Inventory............................................................67,400

Being materials used in production: 7,500 units at $8 per unit for job 200 and 1,480 units at $5 per unit for job 305

In relation to 'purchase of material' we debit the raw material inventory account because material is increasing and is an asset account; and we credit Bank if the materials have been paid for OR 'accounts payable', if the material has not yet been paid for.

In relation to 'requisition of material for production' we debit the raw material inventory account because material is decreasing and is an asset account; and we credit 'work in process' to assign the cost of materials to the ongoing jobs respectively.

5 0

4 years ago

Patsy possesses twenty-four acres of remote, rugged land. Patsy has the right to use the property, in¬cluding extracting silver

GenaCL600 [577]

Answer:

C. life estate

Explanation:

A life estate is an estate interest in land that lasts for the life time of the life tenant. The holder of a life estate has a full right to possess the property during their life. A life estate is restrictive in that it prevents the beneficiary from selling the property that produces the income before the beneficiary's death. But the estate cannot continue beyond the life of the beneficiary. A major benefit of a life estate deed is that it can be used to pass property upon the life tenant's death without it being part of the life tenant’s estate.

8 0

3 years ago