Answer:
Sheridan Company journal entries:
June 10
- Dr Merchandise inventory 7,700
- Cr Accounts payable 7,700
June 11
- Dr Merchandise inventory 430
- Cr Cash 430
June 12
- Dr Accounts payable 800
- Cr Merchandise inventory 800
June 19
- Dr Accounts payable 6,900
- Cr Cash 6,693
- Cr Merchandise inventory 207
<span>Becky is a private accountant whose work is mainly with managerial accounting. Managerial accounting is a process o identifying, measuring, analyzing, interpreting, and communicating information in order to achieve the goals of an organization. Another name for managerial accounting is cost accounting.</span>
Answer:
Dr Equipment 62400
Dr Prepaid Insurance 500
Cr Cash 2900
Cr Accounts Payable 60,000
Explanation:
Preparation of the journal entry to Record the above expenditures for the new machine.
Dr Equipment 62400
Dr Prepaid Insurance 500
Cr Cash 2900
Cr Accounts Payable 60,000
(62,400+500-2900)
Equipment:
Purchase price ($55,000) + Sales tax (5,000) + Shipping (800) + Installation (1,600) =
Total cost 62400
Cash:
Shipment of machine (800) + Insurance on the machine ((500)) +Installation of the machine (1,600) = 2900
Answer:
2. acculturation
Explanation:
Acculturation -
It is process where the cultural , psychological and social changes are balanced between any two cultures , which adapting the prevailing one in the society , in referred to as acculturation.
In this method , the people adapts to a particular new culture of the society.
In order to learn and adapt and live along with the society .
The people actively tries to adapt to the new prevailing culture by increasing participation.
Hence , from the given information of the question,
The correct term is acculturation.
