Answer:
E. Debit Cost of Goods Sold $839,300; credit Finished Goods Inventory $839,300.
Explanation:
The journal entry is as follows
Cost of goods sold Dr $839,300
To Finished goods inventory $839,300
(Being the cost of goods sold is recorded)
The computation is shown below:
= Beginning balance of finished goods inventory + transferred of goods completed - ending balance of finished goods inventory
= $160,500 + $837,000 - $158,200
= $839,300
Answer:
The journal entries are as follows:
(a) On July 16,
Account receivable A/c Dr. $1,200
To sales revenue $1,200
(To record Sales)
Cost of goods sold A/c Dr. $720
To Inventory $720
(To record cost of goods sold)
(b) On July 19,
Sales return and allowance a/c Dr. $200
To Account receivable $200
(To record sales return)
Inventory A/c Dr. $120
To Cost of goods sold $120
(To record cost of goods return)
(c) On July 22,
Cash (1,000 × 98%) A/c Dr. $980
Sales discount A/c Dr. $20
To Account receivable $1,000
(To record amount received)
A typical registration statement filed with the SEC does not include -(a) Any pending lawsuits or special risk factors (b) Any past settlement offers
Explanation:
A typical registration statement filed with the SEC includes:
1. The securities offered for sale
2. The corporation's properties and business
3. The management of the corporation, including managerial compensation, stock options, pensions, and other benefits
4. how the corporation intends to use the proceeds of the sale
5. any pending lawsuits or special risk factors
A typical registration statement filed with the SEC does not include -(a) Any pending lawsuits or special risk factors (b) Any past settlement offers
The answer is B or A but i would go with A.hope its right
Like you could tell say a person is wearing a diamond necklace having good looking clothes and then someone else has some ripped up clothes a little bit big for the person/baggy then you could probably tell that one person is more wealthy than the other
