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AlekseyPX
2 years ago
12

The entry to record the sale of services for cash includes a ______.

Business
1 answer:
Lostsunrise [7]2 years ago
8 0

The entry to record the sale of services for cash includes a Debit to cash

Credit to service revenue

    The foundation of a business's double-entry accounting system is debits and credits. Credits represent funds deposited into an account, whereas debits indicate funds withdrew from one. At least one debit and one credit in equal but opposite amounts must be recorded to the business's accounting ledger for each financial transaction conducted by the company.

Debits and credits are used by bookkeepers and accountants to balance each recorded financial transaction for specific accounts on the balance sheet and income statement of the organization. In a double-entry accounting system, the employment of debits and credits enables the company to more quickly balance its books at the conclusion of each time period.

To learn more about credit click here:

brainly.com/question/1590835

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An organization whose purpose is to receive and investigate customer complaints of dishonest business practices and provide comp
bogdanovich [222]

Answer:

Better Business Bureau

Explanation:

The Better Business Bureau was founded to increase the trust of investors and other stakeholders in the profit making and non profit making organizations by fining and punishing the organization and its management involved in pursuing dishonest business practices. The organization investigates and carry on forensic audits to conclude whether or not the company was pursuing any dishonest business practices or not.

5 0
3 years ago
At the end of 2011, retained earnings for the bisk company was $3,050. revenue earned by the company in 2011 was $1,935, expense
Sliva [168]

<u>Calculation of retained earnings beginning balance:</u>


Retained earning beginning balance can be calculated using the following formula:

Retained earnings ending balance = Retained earning beginning balance + Revenue – Expenses - Dividends


Hence using the given information we can solve the equation as follows:


3,050 = Retained earning beginning balance + 1935 – 1065 - 550


3,050 = Retained earnings beginning balance +320

Retained earnings beginning balance = 3050-320 = $2,730


Hence, Retained earnings beginning balance is <u>$2,730</u>


8 0
4 years ago
nflation, recession, and high interest rates are economic events that are best characterized as being A.factors associated with
IgorLugansk [536]

Answer:

A. Factors associated with market risk.

Explanation:

Inflation, recession, and high-interest rates are economic events that all investors need to be aware of. Diversification can lower these risks, but does not eliminate them. They generally are beyond the control of investors, but they should always be considered by security analysis, portfolio managers, and stockbrokers. They are not irrelevant in any way, shape, or form. Everything done with stocks, bonds, and mutual funds should be coordinated based on inflation, recessions, and high interest rates.

5 0
3 years ago
Conversion cost per equivalent unit is the combined costs of direct materials and factory overhead.
Maksim231197 [3]

Answer:

False

Explanation:

Cost

This is simply defined as a payment of cash or the commitment to pay cash in the future for revenues purpose. E.g. The cash used to purchase a tractor, is the cost of the tractor.

Conversion costs

This is simply regarded as direct materials, direct labor, and factory overhead costs that can be selected together or grouped together for analysis and reporting. It consist of direct labor in factory overhead costs.

The Equation for Conversion cost is simply = Direct Labor Cost + Manufacturing Overhead Cost.

While the Equivalent Units of Production = Number of Units Transferred to the next department + Equivalent Units in Ending Works in Process Inventory.

The equation for Equivalent units of production for conversion cost is given below: Units completed and transferred out + Equivalent units in ending work in process for conversion cost.

The equation for Cost per equivalent unit for conversion cost is simply =

(conversion cost of beginning work in process + conversion cost added during the period)/ Equivalent units of production for conversion cost.

8 0
3 years ago
Beverly decides to go on a great trip to Hawaii. She needs someone, however, to take care of her two dogs, Creaky and Toady, whi
Gnesinka [82]

Answer:

d. She is discharged from performance because of impossibility of performance.

Explanation:

Alice's refusal to keep Creaky and Toady can be based on fact that She is discharged from performance because of impossibility of performance. Discharge of contract by impossibility of performance usually occurs when the contractual duty cannot be performed due to unforeseen and uncontrollable circumstances, such as death, illness etc, which can lead to the party been released from a contract on the ground that such uncontrollable circumstances have rendered performance impossible.

3 0
4 years ago
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