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guapka [62]
3 years ago
5

Clemens Cars' job cost sheet for Job A40 shows that the cost to add security features to a car was $15,500. The car was delivere

d to the customer, who paid $20,200 in cash for the added features. What journal entries should Clemens record for the completion and delivery of Job A40?
Business
1 answer:
Lapatulllka [165]3 years ago
6 0

Answer:

Cash 20,200 debit

   Sales revenue 20,200

COGS  15,500

   Finished Goods Invenotry 15,500

Explanation:

The revenue will be recognize by the amount billed to the customer. It is paying on cash, so our cash increases. We record that by debiting cash.

And we credit the sales revenue to increase our revenue.

Then we recognize the cost of goods sold, which are 15,500

This decrease our finished goods inventory by this ammount. Also, we post the expense for the cost of the goods sold.

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Answer:

The labor would increase

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7 0
2 years ago
Assets are 300,000 and equity is 100,000, assets increase 80,000 liabilities increase 50,000. what is equity at year end?
mojhsa [17]
<span>Assets - equity = liabilities
  So liability before the increase is:
 300, 000 - 100, 000 = 200, 000
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3 years ago
_____________, fill in the blank, requires that sales associates be friendly, knowledgeable, and helpful.
seraphim [82]

It should be noted that Personal selling requires that sales associates be friendly, knowledgeable, and helpful.

<h3>What is Personal selling all about?</h3>

Personal selling  can be regarded as face-to-face selling where someone  who is the salesman tries to convince the customer in buying a product.

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3 0
2 years ago
In the post-Reconstruction era most African-Americans in the South had little opportunity for economic advancement, and worked m
grin007 [14]
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3 years ago
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Serga [27]

Answer:

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4 0
3 years ago
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