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Rama09 [41]
3 years ago
13

A customer paying $100 for a service with a credit card would be a debit to which account?

Business
2 answers:
balandron [24]3 years ago
6 0

Answer:

Answer is Accounts receivable.

Explanation:

A customer paying $100 for a service with a credit card will be a debit to Accounts receivable.

Fed [463]3 years ago
5 0

Answer:

Accounts receivable

Explanation:

The $100 is a debit from the credit card of the customer and would be debited to accounts receivable.

Account receivable is basically the money owed to a seller by the buyer and they are created by the company when the credit purchase is made.

The company will receive their $100 owed to them from accounts receivable because it shows on the balance sheet the amount owed the company and can be retrieved on short term basis.

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Fernandez Company had an accounts receivable balance of​ $150,000 on December​ 31, Year 2 and​ $175,000 on December​ 31, Year 3.
Mars2501 [29]

Answer:

The amount collected from customers on accounts receivable during year 3 is $535,000.

Explanation:

Cash received from accounts receivable = Opening balance of AR + Credit Sales - Bad debts written off - Closing balance of AR.

  • The opening balance for year 3 account receivables was 150000.
  • Credit Sales = 600000
  • Bad debts = 40000
  • Closing Balance = 175000

We can solve this question either by making a T account for accounts receivable or using the equation given above.

Cash = 150000 + 600000 - 40000 - 175000 = $535000

4 0
3 years ago
Read 2 more answers
Creating product assortments from several sources to serve customers would be an example of a __________ function.
noname [10]
An example of a logistical function
8 0
3 years ago
After watching an advertisement for wrangler jeans, denise decides she would like to buy a new pair. this is an example of which
mr_godi [17]

Answer: problem recognition

Explanation:

After watching an advertisement for wrangler jeans, Denise decides she would like to buy a new pair. This is an example of a step of the consumer decision-making process refered to as problem recognition.

Problem recognition is simply the first step during the consumer decision-making process. At the problem recognition stage, the consumer identifies that he or she need to buy a particular product. Here, Denise realized that he needed to buy a new pair of jeans.

3 0
3 years ago
Depreciation of equipment is an example of a(n) relevant cost. opportunity cost. sunk cost. variable cost. None of these.
77julia77 [94]

There are different kinds of cost incurred in business. Depreciation of equipment is an example of sunk cost.

  • Sunk cost is a financial term for a cost that has been incurred and one cannot recover again. This type of costs are taken as bygone and are not taken into consideration when making decisions.

They are money that has been spent and one cannot get back again. Example is Depreciation, amortization, and impairments.

Lean more about  Sunk costs from

brainly.com/question/16524308

7 0
2 years ago
Which two key considerations should be made to make sure the performance of the report is not degraded due to large data volume?
fgiga [73]

B. A number of joins used in report query.

C. A number of records returned by report query.

Explanation:

A report on the results of something is a survey. These are generated annually by government bodies that have to prove that the money was spent correctly and accurately, funded by public money.

Such reports should include metrics of success that assess the organization's accomplishments and its services. The statistics that, for instance, show the number of arrests, number of convictions by category of crime and the increase in crime rates for a police department.

5 0
3 years ago
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