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2 years ago

The following transactions were selected from among those completed by Hailey Retailers in the current year:

Business

1 answer:

natali 33 [55]2 years ago

6 0

The appropriate journal entry for each of these transactions,

Date Journal entry Debit credit

Nov 20 Cash a/c 441

credit card discount 9

To sales revenue 450

Nov 25 Accounts receivable 2800

To sales receivable 2800

Nov 28 Accounts receivable 7200

To sales receivable 7200

Nov 30 Sales return 600

To account for receivable 600

Dec 06 Cash 6468

sales discount 132

To accounts receivable 6600

Dec 30 Cash 2800

To accounts receivable 2800

Net sales:450+2800+7200-600-132

= 9718

Examples of transactions are as follows: Paying a provider for offerings rendered or goods introduced. Paying a vendor with cash and a note so one can obtain ownership of assets formerly owned by the seller. Paying an employee for hours worked.

A transaction is a finished settlement between a client and a seller to exchange items, offerings, or monetary property in going back for cash. The term is also commonly utilized in company accounting. In business bookkeeping, this simple definition can get complex.

A cash transaction is the immediate charge of coins for the acquisition of an asset. some market stock transactions are considered cash transactions although the exchange might not settle for some days. A futures agreement isn't always considered a cash transaction.

Learn more about transactions here brainly.com/question/5007419

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Prepare the journal entry to record Jevonte Company’s issuance of 35,000 shares of its common stock assuming the shares have a:

Tanzania [10]

Answer: Please see answer in explanation column

Explanation:

a)journal entry to record Jevonte Company’s issuance at $3 par value and $22 cash per share

Account Debit Credit

Cash(35,000 x $22) $770,000

Common stock, $3 par value(35,000 x 3) $105, 000

Paid-in captial in excess of par value, common stock

($770,000 - $105, 000 ) $665,000

b)journal entry to record Jevonte Company’s issuance at $3 stated value and $22 cash per share

Account Debit Credit

Cash (35,000 x $22) $770,000

Common stock, $3 stated value (35,000 x 3) $105, 000

Paid-in captial in excess of stated value, common stock

($770,000 - $105, 000 ) $665,000

8 0

4 years ago

Sofia files a suit against Turista Airlines, Inc. Turista responds that it appears from the pleadings that the parties do not d

alexandr402 [8]

Answer:

a motion for summary judgement.

Explanation:

According to my research on different legal proceedings , I can say that based on the information provided within the question this is a motion for summary judgement. This term refers to a request for the court to rule that the other party has no case, because there are no facts at issue. Which applies to this situation because Turista Airlines is not presenting any facts, yet they are arguing the case based on those non-existent facts.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0

3 years ago

When Sue graduated from college, she got a job with a starting salary of $30,000. When Sue's sister Jan graduated five years

EleoNora [17]

Answer:

b. Jan earned a higher real salary.

Explanation:

The consumer price index rose 12 percent which means that with the same amount of money 5 years later you will be able to buy 12% less goods and services. Now in order to find who earned a higher real salary we will calculate how much higher was Jan's salary compared to SUE. If the difference in salary was more than 12% than Jan earned a higher real salary, if less than 12% then Sue earned a higher real salary and if =12% then both earned the same amount of real salary.

Difference in salary = 38,000-30,000=8,000

Percentage increase in salary = 8,000/30,000=0.266 =26.6%

Jan earned 26.6% more than Sue and the increase in the price index was 12% which means that Jan earned a higher real salary than Sue.

6 0

4 years ago

What does woolworths do to help the people

Margaret [11]

Donate surplus food from food stores to communities who need the support.

3 0

2 years ago

Your broker requires an initial margin of $6,075 per wheat futures contract and a maintenance margin of $4,500 per contract. Whe

enyata [817]

Answer:

No margin call is required

the price per bushel to trigger margin call = 1102 cents per bushel

Explanation:

The computation of given question is shown below:-

The Difference between the rates of futures = Settle Quote of present day - Closing Settlement Price Quote when future was sold

= 808 - 786

= 22

The margin on present day for future = quoted in cents × Difference between the rates of futures

The future is sold for 5000 bushels , this is quoted in cents that is $50

= 22 × 50

= 1,100

Current margin call = Initial margin - Price change

= $6,075 - 1,100

= $4,975

Therefore no margin call is required as the margin balance is exceeds the maintenance margin requirement.

maximum loss per contract before margin call = Initial margin - Maintenance Margin

= $6,075 - $4,500

= $1,575

Maximum price before margin call = 786 + (1,575 ÷ 5,000)

= 786 + 315

= 1101 cents

So, the price per bushel to trigger margin call = 1102 cents per bushel

4 0

4 years ago