Answer:
The answers are:
A) to record sales
Dr Accounts Receivable 853,600
Cr Sales Revenue 853,600
to record inventory
Dr Cost of Goods Sold 540,300
Cr Merchandise Inventory 540,300
B) to record sales returns
Dr Sales Returns & Allowances 114,200
Cr Accounts Receivable 114,200
to record inventory
Dr Merchandise Inventory 68,200
Cr Cost of Goods Sold 68,200
C) to record payment
Cr Cash 717,218
Cr Sales Discounts 22,182
Dr Accounts Receivable 739,400
<span>C. The names and ages of children in a class</span>
<span>Net Worth is calculated by finding the difference between total assets and total liabilities. In this problem, we are given revolving credit and unpaid bills but that is not necessary to find the total liabilities if we are given both net worth and total assets. Fill in the information we have using the formula below.
Net Worth = Total Assets - Total Liabilities
$20,000 = $150,000 - ? Liabilities
To solve, we can see that $150,000 - $20,000 = $130,000.
So Bryan and Mandy have a combined $130,000 in liabilities.</span>
Answer:
The answer is: B) social audit
Explanation:
By performing a social audit a company (You Design, We Build Company) can measure and understand its social and ethical performance. The goal of a social audit is to establish ways to improve the company´s social and ethical performance, usually affecting positively the company´s governance and its corporate image.
Answer and Explanation:
The preparation of the operating activities section of the statement of cash flows for the year ended December 31, 2020 is presented below;
Cash flow from operating activities
Net income $1,580,000
Add: depreciation expense $58,970
Add: decrease in account receivable $313,770
Less: Increase in prepaid expense -$167,640
Less: Decrease in account payable -$279,000
Less: decrease in accrued expense payable -$124,020
Add: Decrease in inventory $380,000 ($1,880,000 - $1,500,000)
Cash flow provided by operating activities $1,762,080