Answer:
C) presentation
Explanation:
During presentation, the salesperson is opportuned to give a detailed information about the product he is trying to sell to the customer.
Answer:
Credit to Paid-In Capital from Treasury Stock for $860
Explanation:
Based on the information given we were told that Treasury stock was purchased for the amount of $4,330 last month in which it was reissued this month for the amount of $5,190 which means that The journal entry to record the reissuance would include a credit to:
Paid-In Capital from Treasury Stock for $860
Calculated as:
Reissued treasury stock $5,190
Less last month Treasury stock $4,330
Paid-In Capital from Treasury Stock 860
Lincoln company's strategy of dividing its consumer market will enables it to define customer needs and wants more precisely.
<h3>What is the
strategy used by Lincoln company?</h3>
In marketing, this is known as segmentation which involves division of customers according to their segment such as age, needs, gender etc.
Here, as the firm has divided its consumer market into several groups that have similar interests in wooden furniture, this will allow them to define customer needs and wants more precisely.
Therefore, the Option B is correct.
Read more about segmentation
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Answer:
a) Received a $795 deposit from a customer who wanted her piano rebuilt in February.
Account Debit Credit
Cash $795
Unearned Revenue $795
b) Rented a part of the building to a bicycle repair shop: $545 rent received for January.
Account Debit Credit
Cash $545
Rent Revenue $545
c) Delivered five rebuilt pianos to customers who paid $14,425 in cash.
Account Debit Credit
Cash $14,425
Service Revenue $14,425
d) Delivered two rebuilt pianos to customers for $7,600 charged on account.
Account Debit Credit
Accounts Receivable $7,600
Service Revenue $7,600
e) Received $6,400 from customers as payment on their accounts.
Account Debit Credit
Cash $6,400
Accounts Receivable $6,400
f) Received an electric and gas utility bill for $750 for January services to be paid in February.
Account Debit Credit
Utilities Expense $750
Utilities Payable $750
g) Ordered $1,140 in supplies.
Account Debit Credit
Supplies Expense $1,140
Supplies Payable $1,140
h) Paid $3,400 on account in January.
Account Debit Credit
Cash $3,400
Accounts Payable $3,400
i) Paid $16,900 in wages to employees in January for work done this month.
Account Debit Credit
Cash $16,900
Wage Expense $16,900
j) Received and paid cash for the supplies in (g).
Account Debit Credit
Cash $1,140
Supplies Payable $1,140