Answer:
July 1
No Entry
Sep 1
Dr Cash $2,000
Dr Accounts Receivable $400
Dr Cost of goods sold $1,100
Cr Inventory $1,100
Cr Unearned Service Revenue $554
Cr Sales Revenue $1,846
Oct 15
Dr Cash $400
Dr Unearned Service Revenue $554
Cr Service Revenue $554
Cr Accounts Receivable $400
Explanation:
Preparation of the journal entries for Geraths in 2020.
July 1
No Entry
Sep 1
Dr Cash $2,000
Dr Accounts Receivable $400
($2400-$2000)
Dr Cost of goods sold $1,100
Cr Inventory $1,100
Cr Unearned Service Revenue $554
($600/$600+$2000*$2400)
Cr Sales Revenue $1,846
($2,000/$600+$2000*$2400)
Oct 15
Dr Cash $400
($2400-$2000)
Dr Unearned Service Revenue $554
Cr Service Revenue $554
($600/$600+$2000*$2400)
Cr Accounts Receivable $400
($2400-$2000)
Answer:
1. change in money supply= 500*10=$5000
2. change in money supply = 800*5 = $4000
3. change in money supply = 3000* 2= $6000
4. change in money supply = 500* 10 = $5000
5. change in money supply = 5,000,000*50 =$250,000,000
Explanation:
Change in money supply= change in reserves* money multiplier
money multiplier = 1/ reserve ratio
Third one.............................
Answer:
The correct answer is (A) fish has a more delicate flavor
Explanation:
From the given information from the question which says that:
You would cut the mirepoix ingredients smaller when making a fish fumet than when making a beef stock because, the fish will have a more delicate flavor.
Answer:
The amount of current assets are $252,000
Explanation:
Current assets: The current assets are those assets who are converted into cash within one year. Like - accounts receivable, cash, inventory, prepaid insurance, etc.
The total amount of the current assets are shown below:
= Accounts receivable + Cash + Inventory + Short-term investments + Prepaid insurance
= $100,000 + $70,000 + $80,000 + $2,000
= $252,000
The other items represent current liabilities, long term liabilities, intangible assets, and the fixed assets so, we do not consider them in the computation part.
