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Cerrena [4.2K]
2 years ago
12

Need help with accounting. ASAP

Business
1 answer:
suter [353]2 years ago
7 0

The Journal entries are as follows

June 1

DR Cash 60,000

CR Capital Stock 60,000

<h3 /><h3>What is Journal Entry?</h3>

Journal entry is the debit and credit of accounts to balance the transactions and its two sided effects. This is the basic of Accounting and so have a great importance.

June 2

DR Aircraft 220000

CR Cash 40000

CR Notes Payable 180000

June 4

DR Rent expense 2500

CR Cash 2500

June 15

DR Accounts Receivable 8320

CR revenue 8320

June 15

DR Salaries Expense 5880

CR Cash 5880

June 18

DR Maintenance Expense 1890

CR Cash 1890

June 25

DR Cash 4910

CR Accounts Receivable 4910

June 30

DR Account Receivable 16450

CR Revenue 16450

June 30

DR Salaries Expense 6000

CR Cash 6000

June 30

DR Fuel Expense 2510

CR Accounts Payable 2510

June 30

DR Dividends 2000

CR Dividends Payable 2000The Journal entries are as follows

Learn more about Journal Entries at  brainly.com/question/26963089

#SPJ1

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C) internal relations

D) employee relations

E) house communications

Answer:D) employee relations.

Explanation: Employee Relations is a term used in the field of human resources management to describe the various steps and actions put in place by an organisation in order to ensure a high performing,motivated and a positive relationship with its staff.

THROUGH AWARDS AND OTHER REWARD SYSTEMS ORGANISATIONS CAN EFFECTIVELY MAINTAIN A POSITIVE EMPLOYEE RELATIONSHIP.

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"Universal Containers wants to maintain Service Level Agreements on its customer cases. Customers are provided different service
vazorg [7]

Answer:

The answer is "Entitlements and Milestones ".

Explanation:

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3 years ago
Smith Pharmaceuticals is trying to estimate the breakeven volume of sales on a newly developed drug. Which of the following woul
ahrayia [7]

Answer:

An increase in the unit (per pill) contribution margin.

Explanation:

Breakeven point is defined as the level of sales where total cost is equal to total revenue.

The formula is given as

Breakeven= Fixed cost ÷ (Sales revenue -Variable cost)

Note the Sales revenue less variable cost is the contributing margin.

Breakeven= Fixed cost ÷ Contributing margin

To reduce breakeven we must either reduce the numerator or increase the denominator.

In this case an increase in contributing margin will result in a decrease in breakeven amount of the company.

8 0
3 years ago
Describe the two primary functions of financial accounting
andreev551 [17]

Answer: Measurement and presentation of financial performance

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The measurement function is performed by following accounting procedures and policies under US GAAP and IFRS.

Whereas, presentation function relates to preparation of financial statements like income statement and cash flow statement.

6 0
3 years ago
Shelton inc. has sales of $23.8 million; total equity of $31.3 million; and total debt of $16.7 million. if shelton's profit mar
tiny-mole [99]

Sales = $23.8 million

Total equity = $31.3 million

Total debt = $16.7 million

Profit margin = 8% = 0.08

Return of assets = ?

First we calculate the total assets:

Total assets = Total debt + Total equity

= $16.7 million + $31.3 million = $48 million

Now find net income by using this formula:

Profit margin = Net income / Sales

<span> Net income = Profit Margin × Sales  = 0.08 x 23,800,000 = $1,904,000 Now calculate Return of assets: Return on assets = Net income / Total assets  =$1,904,000 / 48,000,000 </span>

Return on assets = 3.967%

6 0
3 years ago
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