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maxonik [38]
2 years ago
11

Journalizing Transactions Monroe Company rents and sells electronic equipment. During September, Monroe engaged in the transacti

ons described below. Sept. 5 Purchased a Chevrolet truck for $44,300 cash. 8 Purchased inventory for $3,600 on account. 10 Purchased $1,400 of office supplies on credit. 11 Rented sound equipment to a traveling stage play for $12,800. The producer of the play paid for the service at the time it was provided. 12 Rented sound equipment and lights to a local student organization for a school dance for $3,200. The student organization will pay for services within 30 days. 18 Paid employee wages of $4,170 that have been earned during September. 22 Collected the receivable from the September 12 transaction. 23 Borrowed $14,100 cash from a bank on a 3-year note payable. 28 Issued common stock to new stockholders for $40,000. 30 Paid a $4,350 cash dividend to stockholders.
Required: Prepare a journal entry for each transaction. Sept. 5 (Record purchase of truck) 8 (Record purchase of Inventory on account) 10 (Record purchase of supplies on account) 11 (Record performance of services) 12 (Record performance of services on account) 18 (Record payment of wages) 22 (Record collection of cash on account) 23 (Record borrowing of cash) 28 (Record issuance of common stock) 30 (Declared and paid cash dividend)
Business
1 answer:
Tamiku [17]2 years ago
4 0

Answer:

fresh avocado

Explanation:

freeshombockumdoo

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On the food label for a package of crackers, what does a 15 percent daily value for iron mean?
Tanya [424]
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6 0
3 years ago
Read 2 more answers
Importance of the study of organisational buyer behaviour to the personal selling function​
ladessa [460]

Answer:

The answer is below

Explanation:

The importance of the study of organizational buyer behavior to the personal selling function​ is that the personal seller can easily realize the expectation of the organizations.

It also assists in determining what makes organizations buy a certain product.

It gives the seller the proper ideas on the type of products preferred by organization buyers such that they can quickly make them available.

It also ensures the seller understands how the organization buyer operates in terms of payments, quality, quantity, and the purpose in which they are buying.

4 0
3 years ago
The following data are for Lily Kay Company. Total sales revenue $250,000 Number of units sold 50,000 units Contribution margin
eduard

Answer:

b. 51,429 units

Explanation:

If x = Number of units

Net Income = Sales Revenue - Variable Cost - Fixed Cost

or

Net Income = Contribution Margin - Fixed Cost

where,

Net Income = $80,000

Contribution Margin per unit = $3.50

Fixed Cost = $100,000

Contribution Margin = Net Income + Fixed Cost

$3.50x = $80,000 + $100,000

$3.50x = $180,000

Dividing the above equation by $3.50 we get

x = $180,000 / $3.50

x = 51,429 units

Hence 51,429 number of units must be sold to generate the net income of $80,000.

3 0
3 years ago
Which of the following is true of both paying with a check and paying with a debit card?
Dmitry_Shevchenko [17]
C) When used, both take money directly out of a bank account.


You're Correct!, Good job (:
4 0
3 years ago
Mercedes-Benz has a self-driving car capable of 80 miles-per-hour speed. You have to keep your hands on the wheel in this E-clas
Ket [755]

Answer:

I would use survey research to determine the general opinion, positive or negative, on the feature from the general public.  

Explanation:

When conducting any survey research, it is important to sample a wide variety of people. In this case, you would want to survey the general population, not just former Mercedes customers.  

I would design a focus group survey with a series of questions where participants can choose from a range, 0-5, on how much they agree with a certain statement.

At the beginning of the survey, participants would read a brief paragraph explaining the features on the new car before continuing to the part where they record their responses.

Once the survey is conducted, the data can be analyzed. If the majority, say 70%, of all people surveyed agree strongly that a self driving car is a good idea and that the world is ready then you can assume that the general population is in fact ready.

7 0
3 years ago
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