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3 years ago

6. The source document should be written in the

Business

2 answers:

IgorC [24]3 years ago

6 0

Answer:

Explanation:

Question # 6

Answer: C

Doc. No. Column is used to refer to the source document. For example, a document number R1 can be used to indicates that the data is from Receipt No. 1.

Question # 7

Answer: A

As all the transactions were made on June 1, 20.

Question # 8

Answer: C

The debit entries are written on the left side (where the column starts). For visibility, the credit entries are indented more to the right to differentiate them easily.

Question # 9

Answer: A

A debit entry increases an asset or expense account, or decreases a liability or equity account. A credit entry is the opposite of the debit entry. As the amount in cash account increases our assets increases, so we write it in debit column.

Question # 10

Answer: B

Debit entries must equal credit entries for each row of a general journal. Hence, sum (7580) of total entries should be written in both columns.

bogdanovich [222]3 years ago

3 0

9 Letter C 8 c 7 d 6 a 8 b

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3 years ago

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Answer:

Establish project priorities

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Option (c) Establish project priorities

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3 years ago

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Answer:

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Explanation:

Big-Mouth Frog Corporation Calculation for Retained earnings

Using this formula

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Retained earnings =$200,000-$180,000

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2 years ago

Sophie Company is considering closing one of its product lines. Current data on the product line are as follows. Sales revenue $

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Answer:

Company's net income will increase by $2500 if the product line is discontinued.

Explanation:

From the data given:

Sales 25000

variable cost (less) 19000

contribution margin 6000

Fixed costs

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allocated fixed costs 5000

net income -6000

Fixed cost savings 7000

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total savings if discontinued 8500

contribution margin (less) 6000

net income increased by 2500

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3 years ago