Answer:
control
Explanation:
governance is the action or manner of governing.
Answer:
The Journal entries with their narration is given below:-
Explanation:
The Journal entry is shown below:-
1. Account receivables Dr, $22,200
To Sales $22,200
(Being sales is recorded)
2. Cash Dr, $6,048
Service charge expense Dr, $252
($6,300 × 4%)
To Sales $6,300
(Being credit card sales is recorded)
3. Cash Dr, $11,600
To accounts receivable $11,600
(Being cash is recorded)
4. Accounts receivable Dr, $364
($22,000 - $11,600) × 3.5%
To Interest revenue $364
(Being finance charges is recorded)
'The final step in recognizing the completion of production requires a company to debit Finished-Goods Inventory and credit Work-in-Process Inventory.
Production is the process of making or producing goods or products from raw materials or parts. In other words, production takes inputs and uses them to create outputs suitable for consumption, i.e. goods or products of value to the end-user or customer.
Production is the process of making, harvesting, or creating something, or the quantity of something manufactured or harvested. An example of production is the manufacture of furniture. An example of production is harvesting corn for food. An example of production is corn production.
The economist classifies the factors of production into his four categories: land, labor, capital and entrepreneurship. The first element of production is land, which includes all natural resources used to produce goods and services.
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