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zheka24 [161]
3 years ago
5

Record the following transactions of Fronke’s Fashions in a general journal:

Business
1 answer:
Varvara68 [4.7K]3 years ago
6 0

Answer:

Fronke's Fashions

General Journal:

April 1:

Debit Purchases $2,310

Credit Cash Account $2,310

To record purchase of merchandise for cash.

April 2:

Debit Cash Account $218

Credit Purchases Returns $218

To record return of merchandise for cash.

April 4:

Debit Purchases $825

Debit Freight-in $46

Credit Accounts Payable (Breit Distributors) $871

To record purchase of merchandise on credit, Invoice 125, terms n/30

April 7:

Debit Accounts Payable (Breit Distributors) $58

Credit Purchases Returns $58

To record return of damaged merchandise, Credit Memo 202.

April 30:

Debit Accounts Payable (Breit Distributors) $813

Credit Cash Account $813

To record payment of amount due via Check 1458.

Explanation:

Journal entries are made to record business transactions as they occur on a daily basis.  The journal is the first accounting record kept about a transaction.  It shows the account that will be debited or credited in the General Ledger.

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which of these is not a key way the government contributes to a country's total factor productivity? please choose the correct a
liq [111]

The government acts as a promoter of free and competitive markets. This  is not a key way the government contributes to a country's total factor productivity.

What is Total Factor Productivity (TFP)?

The total factor productivity (TFP) is a figure that illustrates a company's productivity by comparing how much it produces with how much it must spend to get that result. It is computed by dividing your total output (production) by average costs (inputs).

The efficiency and performance level of a corporation are determined using the total factor productivity. It makes an effort to determine how effectively the inputs have been translated into the output. In honor of American economist Robert Solow, the TFP is also referred to as the Solow residual.

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7 0
1 year ago
What was the growth rate of per capita income in india on the eve of independence.
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The growth rate in India on the eve of independence was 0.5% per annum.

<h3>What is independence?</h3>

Independence refers to the act of getting free from controlling of the dominating or ruling parties.

On the eve of independence, the economy was sluggish, and agriculture was the main activity that sparked growth. The colonial authorities made no serious attempt to assess India's national and per capita GDP.

Therefore, it can be concluded that 0.5% p.a. was the growth of the India at the time of independence.

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4 0
1 year ago
A customer sells 1 ABC Jul 90 Put at $5 when the market price of ABC is $89. The market falls to $82 and the customer is exercis
Talja [164]

Answer:

A $300

Explanation:

$90-$82= $8

$8-$5= $3

Therefore:

$3×100 shares =$300

The holder has bought the right to buy the stock at $90 per share because She bought this right for a premium of $5 per share. By exercising the call, the holder buys the stock at $90 and in which he /she sells the stock in the market at $82, for a 8 point loss. Since $5 points was paid in premiums, the net loss is 3 points or $300 on the contract covering 100 shares.

7 0
2 years ago
ABC, Inc. a contracting business has purchased a truck costing $50,000 with a depreciable life of 5 years. Using
k0ka [10]

Answer:

it would increase

Explanation:

you pay to pay for gas and oil

8 0
3 years ago
Cari Chair Company manufactures rocking chairs. The estimated number of rocking chair sales for each of the last three months of
tester [92]

Answer:

Production December=  15,000

Explanation:

Giving the following information:

Month Unit Sales

October 10,000

November 14,000

December 15,000

Finished goods inventory at the end of November was 4,000 units.

<u>To calculate the production required for December, we need to use the following formula:</u>

Production= sales + desired ending inventory - beginning inventory

Production=  15,000 + 16,000*0.25 - 4,000

Production=  15,000

4 0
3 years ago
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