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
tatuchka [14]
2 years ago
6

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.
Business
1 answer:
vovangra [49]2 years ago
6 0

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

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

Accounts Receivable is the amount, which a company will receive from its customers who have purchased its goods & services on credit.

It refers to the money that the customer owe to the company for the goods or services that they have already received but not yet paid for.

For example- Goods purchase on credit by ABC, the amount gets added to the accounts receivable.

Learn more about the account receivable here:-

brainly.com/question/24261944

#SPJ1

You might be interested in
Travis Company purchased merchandise on account from a supplier for $10,000, terms 2/10, net 30. Travis Company paid for the mer
jeyben [28]

Answer:

a. Dr Inventory $10,000

Cr Accounts payable $10,000

b. Dr Accounts payable $10,000

Cr Cash $9,800

Cr Inventory $200

Explanation:

Preparation of the Journal entries Under a perpetual inventory system,

a. Dr Inventory $10,000

Cr Accounts payable $10,000

( To record purchase of merchandise)

b. Dr Accounts payable $10,000

Cr Cash $9,800

($10,000-$200)

Cr Inventory $200

(2%*$10,000)

( To record payment for merchandise)

Discount amount = Amount due x Discount percentage

Discount amount= 10,000 x 2/10

Discount amount= $200

3 0
3 years ago
40 points Write a short note discussing how social factors affect economic and political systems
vodka [1.7K]

economic develop increases the standard of living in a country. Political factors influence economic development by positively or negatively influencing the process of development. Some important political factors include: Regime type, which is the form of government operating in a country hope this helps plus i got this from my friend

6 0
4 years ago
Why should teenagers, in particular, look for no-fee savings accounts?
natka813 [3]

Answer:

The correct answer is letter "D": The number of fees a bank charge is likely to be greater than the interest a bank would pay on a teenagers’ balance as they are first starting to save in a savings account.

Explanation:

Banks tend to set higher fees on teenagers' savings accounts because <em>they do not have any credit history</em>. This makes them <em>potentially riskier in financial terms</em> in front of debt for overdrafts, for instance. For the same reason, banks usually provide a low-interest rate on savings and restrictions that are important to be aware of before choosing one bank over another to open the account.

8 0
4 years ago
What are the activities that should take place during the performing stage
Agata [3.3K]

Answer:

In the performing stage, the role of the mentor shifts from managing group dynamics to focusing on helping members grow and develop in positive ways. Mentors can turn their attention to identifying individuals' strengths and weaknesses, and helping mentees step out of their comfort zones.

Explanation:

7 0
3 years ago
Gerald Murphy is a manager at Wright &amp; Wayner, a publishing house which is a very employee-friendly company. The demarcation
Alecsey [184]

Answer:

E) Social Loafing

Explanation:

social loafing is the phenomenon of a person who exerts less effort to achieve a goal when working in a group than when working alone

3 0
3 years ago
Other questions:
  • Mass communication is defined as: a. Information transmitted to large segments of the population b. The means of transmission, w
    8·1 answer
  • Jillo, Inc. stock is selling for $54.70 per share. Calls and puts with a $55 strike and 40 days until expiration are selling for
    13·1 answer
  • Peter consumes no commodities other than Miller Lite and Bud Light. His annual budget for these two commodities is described by
    8·1 answer
  • Madison River Supply Co. sells canoes, kayaks, whitewater rafts, and other boating supplies. During the taking of its physical i
    15·1 answer
  • The price of a popular cereal was just reduced. this will most likely _____ the demand for the cereal. increase decrease keep co
    10·2 answers
  • Equity financing (or funding) means ________.
    13·1 answer
  • which of the following identifies the goods or services of a specific business, person, or organization?
    11·1 answer
  • Company ABC is in the middle of a tender offer to purchase a small competitor, at a ratio of 3 shares of ABC stock for each shar
    11·1 answer
  • is the legitimate power granted by the organization and acknowledged by the employees. group of answer choices functionalization
    8·1 answer
  • an increase in lifetime wealth group of answer choices increase current labor supply and decrease current consumption demand. in
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!