1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Juli2301 [7.4K]
3 years ago
6

On March 11, Jangles Corporation received a $20,000 invoice dated March 8.

Business
1 answer:
Dafna11 [192]3 years ago
3 0

Answer:

a. What credit should Jangles receive?

8333,33

b. What is Jangles' outstanding balance?

11666,67

Explanation:

a. What credit should Jangles receive?    

Invoice 20000  

Discount rate 100%-4%  

   

received 8000_________96%

           x___________100%

   

Received 8333,333333  

   

b. What is Jangles' outstanding balance?    

   

20000-8333,33=Oustaning balance    

   

Oustandind balance 11666,67  

You might be interested in
Unearned revenue, which represents the company's obligation to honor gift cards previously issued to customers, totaled $6,800 a
Dimas [21]

The correct answer is that there were $51,700 work of gift cards redeemed during the year.

In order to determine the correct answer you need to start with the total balance of the unearned revenue account, which is $6,800. To the starting balance you need to add the amount of gift cards purchased throughout the year, which is $55,000. This total is $61,800. The last step is to subtract the ending balance of the unearned revenue from the total ($61,800 - 10,100), which equals $51,700. $51,700 is the amount of gift cards redeemed during the year.

8 0
3 years ago
“For deposit only” is what type of endorsement check?
MrRissso [65]
If you write "for deposit only" on the back of a check made out to u and then sign your name , the check the check can only be desposted to your account , this is called restrictive indorsement and it should prevent you or any other person from cashing the check
8 0
3 years ago
Read 2 more answers
It's a good idea to call a day or two in advance to confirm your appointment. <br> True <br> False
ki77a [65]

Answer:

true

Explanation:

5 0
2 years ago
Elm City issued a purchase order for supplies with an estimated cost of $5,000. When the supplies were received, the accompanyin
-Dominant- [34]

Answer:

$5000

Explanation:

Since Elm City issued a purchase order for supplies with an estimated cost of $5,000, although when the supplies were received, the accompanying invoice indicated an actual price of $4,950, the amount that Elm should credit to encumbrances outstanding in its general fund after the supplies and invoice were received; is $5000

Notice that encumbrances are set aside funds for a purpose, therefore upon ordering, encumbrances balance would increase, and Elm would have passed the following entry

Dr. Encumbrances...$5000

Cr. Fund Balance.....................$5000

Therefore even if the supply came with a shortfall in amount, in order for Elm City to show that the purpose for making that encumbrance has been met, it has to be liquidated by crediting the Encumbrance account by the full amount of $5000

8 0
3 years ago
Read 2 more answers
_______ capital is the economic or productive potential of strong, trusting, and cooperative relationships. This type of capital
Reil [10]

Answer:

Social capital

Explanation:

Social capital is defined as the effective or efficient functioning of the social groups through using the relationship of interpersonal, shared understanding, reciprocity, shared norms, cooperation, shared values and shared norms.

So, the social capital is the productive potential of cooperative relationships, strong and trusts. And this kind of capital help the person land the job. Within the survey it is stated that the 74% had found quality applicants by referrals of employees.

7 0
3 years ago
Other questions:
  • Neil places an advertisement for his pastry shop, Neil's Pastries, in the local newspaper. He includes his phone number, website
    11·1 answer
  • 1. Put the steps for creating a Trial Balance in the correct order.
    13·1 answer
  • Elaine serves as a consultant about human resource matters to various areas of the business at her company. She works closely wi
    11·1 answer
  • Assume the U.S. interest rate is 7.5 percent, the New Zealand interest rate is 6.5 percent, the spot rate of the NZ$ is $.52, an
    5·1 answer
  • In russia what preceded the communist takeover of the government?
    15·1 answer
  • Dots sells T-shirts for $2 and shorts for $3. In April, total sales were $576. People bought 3 times as many T-shirts as shorts.
    8·1 answer
  • TCBW last year had an average collection period (days sales outstanding) of 33 days based on accounts receivable of $350,000. Al
    15·1 answer
  • Havermill Co. establishes a $300 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei
    9·1 answer
  • Brief, Inc., had a receivable from a foreign customer that is payable in the customer's local currency. On December 31, 2017, Br
    11·1 answer
  • Pj mask were the pj mask
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!