Answer:
b) Debit Sales Returns and Allowances $2,300 and credit Accounts Receivable $2,300 in the general journal.
Explanation:
When goods were sold on account, Accounts receivables is debited, and Sales is credited. When goods are returned, Sales Return & Allowances is debited, and Accounts receivables is credited.
Thus, the entry will include Debit in Sales Returns and Allowances $2,300 and Credit in Accounts Receivable $2,300
The manufacturer of a product that injured consumers, razor sharp electronics, has been found guilty of breaking the criminal liability laws that might have resulted in fines or imprisonment.
<h3>How Does Criminal Liability Work?</h3>
Criminal culpability describes the circumstances under which a person may be held accountable for breaking the law. Criminal liability involves both prospective and actual culpability, which implies that a person may be charged with and punished for either having committed or being suspected of having committed a crime. When it comes to criminal responsibility, the fundamental premise is that the claimed offense has both a mental aspect and a physical element.
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Answer:
The present value of the annuity is $ 825.02
Explanation:
The present value of the annuity is the today's worth of the thirty annuity payments.
Each of the annuity payment is multiplied by its discount factor,for instance the discount factor for the first payment is computed thus
=$15*(1/(1+6%/12)^1=$14.93
The 6% interest rate is divided by 12 months to show a monthly rate of return find attached.
Hi! The answer is sensorinueral hearing loss
Answer:
The amount of revenue is recognized on the March income statement from this order is $1,845.00.
Explanation:
Accrual accounting can be described as a method of accounting in which revenue or expenses are recorded at the time of the transaction rather than when payment is received or made.
Since this transaction occurred in March, the total revenue of orders of 123 units received in the month of March will be recognized on the March income statement from this order. That is:
Amount of revenue to recognized in March = 123 * $15.00 = $1,845.00
Therefore, the amount of revenue is recognized on the March income statement from this order is $1,845.00.
