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
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

You might be interested in
Balancing trade is important because if a nation imports more than it exports,
Gala2k [10]
I think its answer B because if they are sending more out then they are producing then it most likely going to decrease
5 0
3 years ago
Establezca estrategias para controlar la efectividad del presupuesto en el emprendimiento.
avanturin [10]

Answer:

La opulencia fuera

Los escritorios de maderas finales, las sofisticadas cafeteras y otras amenidades de oficina no son en absoluto una prioridad. Trata de optimizar gastos comenzando por ser un líder austero, tal como muchos CEO globales aseguran ser. Muchos de ellos tienen exactamente el mismo escritorio que sus empleados, como Peter Arvai, CEO de Prezi.

ExplaUno de los gastos que mermarán mucho tu presupuesto será pagar una renta mes tras mes, por lo que, en un primer momento, mientras el proyecto crece es una excelente opción es recurrir al home office, lo que hará rendir más el presupuesto y tiempo. Muchas de las grandes empresas iniciaron en una cochera.

Colaboraciones

Realizar convenios con otras empresas que pertenezcan a tu sector pero que no sean tu competencia directa es otra de las formas en las que lograrás optimizar el presupuesto que tienes destinado para publicidad. Asimismo, te ayudará a crear vínculos de negocios y una cartera de contactos que te será en todo momento útil. Crear una red de emprendedores es una estrategia fundamental para promover distintos proyectos de forma simultánea.

nation:

7 0
3 years ago
Use the following information and the indirect method to calculate the net cash provided or used by operating activities: net in
Pavel [41]
Using the indirect method, the net cash is $93,900

Solution: 

Cash flow from Operating Activities
          Net Income                                                        $85,300
          Depreciation Expense                                       $12,000
          Gain on Sale of Land                                         ($7,500)
          Increase in Merchandise Inventory                    ($2,050)
          Increase in Accounts Payable                           $6,150
                                                                                   ---------------
          Net Cash                                                          $93,900

Remember:
Increase in current assets (accounts receivables, inventory), it means subtract.
Decrease in current assets, means, add.
Increase in current liabilities (accounts payable, tax liabilities), it means add.
Decrease in current liabilities, means, subtract.
7 0
3 years ago
When a company produces​ 5,000 units, total costs equal​ $150,000 and total variable costs equal​ $75,000. At this level of​ out
Marrrta [24]

Answer:

$15

Explanation:

Average fixed cost = Total fixed cost / quantity

Total fixed cost = Total cost - Total variable cost

= $150,000 - $75,000 = $75,000

Average fixed cost = $75,000 /5000 = $15

I hope my answer helps you

7 0
3 years ago
Blossom Corp. will pay dividends of $5.00, $6.25, $4.75, and $3.00 in the next four years. Thereafter, management expects the di
Shkiper50 [21]

Answer:

Present value = $35.00326585 rounded off to $35.00

Explanation:

Using the dividend discount model, we calculate the price of the stock today. It values the stock based on the present value of the expected future dividends from the stock. To calculate the present value of the stock, we will use the following formula,

Present value = D1 / (1+r)  +  D2 / (1+r)^2  +  ...  +  Dn / (1+r)^n  +

[(Dn * (1+g)  /  (r - g))  /  (1+r)^n]

Where,

  • r is the required rate of return
  • g is the constant growth rate in dividends
  • n is the number of years

Present value = 5 / (1+0.155)  +  6.25 / (1+0.155)^2  + 4.75 / (1+0.155)^3  +  

3 / (1+0.155)^4  +  [(3 * (1+0.07)  /  (0.155 - 0.07))  /   (1+0.155)^4]

Present value = $35.00326585 rounded off to $35.00

3 0
3 years ago
Other questions:
  • Mila is at a flea market.
    8·2 answers
  • Which of the following is the definition of price discrimination?
    15·1 answer
  • 1. Assume that Bob Burn, a CEO of Global Foods, Inc. asks his board of directors to approve a decision to enter the soft drink b
    9·1 answer
  • Hercules Inc. manufactures elliptical exercise machines and treadmills. The products are produced in its Fabrication and Assembl
    7·1 answer
  • During 2021, WMC Corporation discovered that its ending inventories reported in its financial statements were misstated by the f
    8·1 answer
  • For the past 5 months Kaia's gift shop had these profits or losses: –$120, $85, –$60, –$35, and $40.
    9·2 answers
  • Dave has been suggested to assume his firm is operating at full capacity and its net fixed assets can be added by any amount. Th
    13·1 answer
  • Aquatic Equipment Corporation decided to switch from the LIFO method of costing inventories to the FIFO method at the beginning
    6·1 answer
  • Following is the information concerning operating activity for Annette County. For the year ended June 30, the net change in tot
    11·1 answer
  • The top five cities where venture capitalists are investing their money represent 10% of the global total.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!