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Alexeev081 [22]
3 years ago
14

Geraths Windows manufactures and sells custom storm windows for three season porches and also provides installation service for

the windows. The installation process does not involve changes in the windows, so this service can be performed by other vendors. Geraths enters into the following contract on July 1, 2014, with a local homeowner. The customer purchases windows for a price of $2,690 and chooses Geraths to do the installation. Geraths charges the same price for the windows irrespective of whether it does the installation or not. The price of the installation service is estimated to have a fair value of $590. The customer pays Geraths $2,300 (which equals the fair value of the windows, which have a cost of $1,700) upon delivery and the remaining balance upon installation of the windows. The windows are delivered on September 1, 2014, Geraths completes installation on October 15, 2014, and the customer pays the balance due.
Prepare the journal entries for Geraths in 2014. (Round answers to 0 decimal places, e.g. 5,275.)
Business
1 answer:
Semenov [28]3 years ago
5 0

Answer:

Kindly check Explanation

Explanation:

1st of July 2014:

No journal entry Dr.

No Journal entry Cr.

1st of September 2014:

CASH 2300 Dr.

ACCOUNTS RECEIVABLE 390 Dr.

INVENTORY 1700 Cr.

SALES REVENUE (2300/2890)×2690 - - 2140.8 Cr

UNEARNED SERVICE REVENUE (590/2890)×2690 - - - 549.2 Cr.

15th October 2014 :

CASH (2690 - 2300) - - 390 Dr.

UNEARNED SERVICE REVENUE - - 549.2 Dr.

ACCOUNTS RECEIVABLE - - - 390 Cr.

SALES REVENUE - - - 549.2 Cr.

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0.08x+0.057 (6000-x)=472.5
Solve for x
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Answer:

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The concept of venue reflects the policy that: _____________
dsp73

Answer:

D. A lawsuit should be tried in the geographic neighborhood in which the incident leading to the lawsuit occurred.

Explanation:

The united States concept of venue has it that a court hearing has to be done or decided in a court that is in the geographical area of where the crime was committed or where the dispute took place. Also it has that those who are to serve as members of the jury mist be from the same geographical area where it occured

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Question 13 Pina Colada Corp. has the following inventory data: July 1 Beginning inventory 108 units at $19 $2052 7 Purchases 37
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Endign inventory cost= $3,708

Explanation:

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Eagle Ridge, inc. issued 40 shares of $20 par value stock to its accountant in full payment for her $900 fee for assisting in se
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