Answer:
Madison Company's Journal entry
Dec. 31
Dr Cost of Merchandise Sold 93,400
($875,300-$781,900)
Cr Merchandise Inventory 93,400
Explanation:
If the perpetual inventory records $875,300 of merchandise while the physical inventory indicates $781,900 which means we have to deduct $781,900 from $875,300 which made us to arrived at $93,400 as Debited Cost of Merchandise Sold and as Credited Merchandise Inventory .
The implication of sharing confidential material information is about having to keep a certain thing private in a way that it should be remained secret and hidden unless it has been given consent by the person who holds the privacy to be told to another party. It is not release carelessly and should be handled with care as it should be kept by the person withholding the information.
Answer:
Total Current Assets $ 100,800
Explanation:
The current asset are those assets which are cash cash or the firm expect to convert in cash within a 12 month period (one-year)
Assets with a useful life or collection date longer than a year will be considered non-current thus, non included in current asset
Cash $ 38,600
Short-term investments $ 4,600
Accounts receivable $ 51,000
Supplies <u> $ 6,600 </u>
Total Current Assets $ 100,800
On many levels on a personal level lack of food makes me sad.
hope this helps
