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
scoray [572]
2 years ago
11

he journal entry to record $5.6 million in sales on account includes a ______. (Select all that apply.) Multiple select question

. credit to Sales Revenue of $5.6 million credit to Accounts Payable for $5.6 million debit to Cash of $5.6 million debit to Accounts Receivable of $5.6 million debit to Allowance for Doubtful Accounts of $5.6 million
Business
1 answer:
Anarel [89]2 years ago
8 0

<em>The journal entry to record $5.6 million in sales on account includes a </em><em>credit to Sales Revenue of $5.6 million and debit to Accounts Receivable of $5.6 million.</em>

<h3>What does journal entry mean?</h3>

A journal entry is a record of a business's financial transactions kept in its accounting books. An accurate date, the sums to be debited and credited, a description of the transaction, and a special reference number are all components of a properly documented journal entry. The accounting cycle begins with a journal entry.

<h3>What is an example of a journal entry?</h3>

A purchase of machinery by a nation, where the cash account will be credited and the machinery account debited, is an example of a journal entry.

learn more about journal entry here <u>brainly.com/question/26446159</u>

#SPJ4

You might be interested in
Can anyone help me with this?
Nastasia [14]
I think it's the first one

8 0
4 years ago
Read 2 more answers
Ryan bought a stock three years ago for $6 a share. Today, June 22, the stock is selling for $72 a share. Ryan is afraid that th
dem82 [27]

Answer:

B) Ryan's stock was sold for $9 a share causing him to lose most of his profits.

Explanation:

Stop loss order means the limit the loss to the extent investor has opted. Since Ryan placed a stop loss order at $70, so, when the price of the stock starts at $9, the stock would be sold at $9 because it is the next available price to what he placed a stop loss order.

So, the Answer is Ryan stock is sold for $9 a share causing him to lose most of his profits.

6 0
3 years ago
Derick started a manufacturing firm of his own quite recently. His country’s government provides grants and implements policies
Stolb23 [73]
"<span>advent of globalization" The advent of globalization has sparked a trend of entrepreneurs.</span>
4 0
4 years ago
Lee is the product manager for a software program sold by Company ABC. In evaluating the product, Lee determines that something
dezoksy [38]

Answer:

Explanation: The marketing mix consists of a number of factors that a producer usually exploits in order to influence consumers to purchase his/her products and services.

The marketing mix consists of:

- Product

- Price

- Place

- Promotion.

The above are usually called the 4Ps of marketing.

Of the four factors of the marketing mix, the factor that will the easiest for Lee to change will be the price.

This is because, often times, the price of a product or service will be the major determinant in the success of said commodity, and this is due to the fact that customers will compare the product being offered with its price in order to judge whether the product is worthy of the value placed on it.

Therefore, in order for Lee to influence the potential customers to make purchases, the price of the software program will be the easiest to be reviewed, and it should be set to a level where potential customers will be influenced to exchange their money for the software program.

8 0
3 years ago
An item owned by a house hold or business that has a monetary value
xenn [34]
Its an asset of the household or business.
4 0
3 years ago
Read 2 more answers
Other questions:
  • A few years ago, simon powell purchased a home for $225,000. today, the home is worth $400,000. his remaining mortgage balance i
    7·1 answer
  • You are working on a client-driven project. You were told very specific operating guidelines up front, and the client has used t
    14·1 answer
  • Emma Jones Company has the following information​ available: Account ​12/31/2019 ​12/31/2018 Accounts Payable ​$76,500 ​$80,000
    12·1 answer
  • Pickard company pays its sales staff a base salary of $5,200 a month plus a $2.80 commission for each product sold. if a salespe
    9·1 answer
  • On March 3, Cobra Inc. purchased a desk for $280 on account. On March 22, Cobra purchased another desk for $410 also on account,
    9·1 answer
  • An agent wants to sell a highly valuable unregistered, nonexempt security to a customer. The agent has the client sign a waiver
    8·1 answer
  • Tim Mattke Company began operations in 2018 and for simplicity reasons, adopted weighted-average pricing for inventory. In 2020,
    6·1 answer
  • LO 4.1Why are product costs assigned to the product and period costs immediately expensed?
    10·1 answer
  • It costs ​$34,000 to retrofit the gasoline pumps at a certain filling station so the pumps can dispense E85 fuel​ (85% ethanol a
    9·1 answer
  • Aw sh~ here we go again.....
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!