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goldenfox [79]
2 years ago
8

Prepare the necessary general journal entries for the month of October for Crane Retail for each situation given below. Crane us

es a perpetual inventory system. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)
Oct. 5 Paid cash of $10,332 for operating expenses that were incurred and properly recorded in the previous period.
9 Purchased merchandise for $18,000 on account. Credit terms: 3/10, n/30.
12 Paid a freight bill of $90 for merchandise purchased on October 9.
17 Paid for merchandise purchased on October 9. The company takes all discounts to which it is entitled.
20 Sold merchandise for $6,560 to Rattles Distribution on account. The cost of the merchandise sold was $2,624. Credit terms: 2/10, n/30.
26 Issued a credit memo to Rattles Distribution for $246 for merchandise returned from the sale on October 20. The cost of the merchandise returned was $148.
Business
1 answer:
harkovskaia [24]2 years ago
3 0

The necessary journal entries for October month are attached below in the image :

<h3>What do you mean by journal entries?</h3>

All company transactions are documented in journal entries. Generally speaking, a transaction is any financial activity that has an effect on a business.

All the necessary journal entries are attached below:

Learn more about journal entries:

brainly.com/question/13483463

#SPJ1

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Answer:

c. short-run average total cost is typically above long-run average total cost

Explanation:

In the case when the average of the total cost of the short run should be compared with the average of the total cost of the long run for a given output level so this means that the average of the total cost of the short run should be more than the average of the total cost of the long run

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What is the best way to help students use materials successfully in learning centers?
astraxan [27]

The best way to help students demonstrate ways to use materials is when introducing them.

<h3>How can learning centers effectively support students in making effective use of the resources there?</h3>

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3 0
1 year ago
Contractionary fiscal policy that reduces the budget deficit may _____________ business investment by _________________ interest
tankabanditka [31]
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A concrete block making company is developing an aggregate capacity plan from the following sales forecast for its 6” and 8” con
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The four types of consumer products differ in terms of the (1) effort the consumer spends on the decision, (2) attributes used i
yarga [219]

Answer:

Types of Consumer Product       Examples

Convenience Product:                 Zest bar soap

Shopping Product:                       Sony Blu-ray Disc™ player

                                                     Doritos Hermès Birkin bag

                                                     Goodyear Ultra Grip tires

Specialty Product:                       Patek Philippe watch

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Unsought Product:                      Royce Poplar coffin

Explanation:

a) The factors that distinguish consumer products are:

(1) effort the consumer spends on the decision

(2) attributes used in making the purchase decision

(3) frequency of purchase.

b) Types of Consumer Product

Convenience Product

Shopping Product

Specialty Product

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c) Product Examples:

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Patek Philippe watch

Sony Blu-ray Disc™ player

Maytag® dishwasher

Doritos Hermès Birkin bag

Zest bar soap

Goodyear Ultra Grip tires

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3 years ago
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