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Soloha48 [4]
3 years ago
10

A business maintains subsidiary accounts for each of its customers. on may 15, the business sells services on account: $2,500 to

customer j. simmons; $4,100 to customer
a. jones; and $1,300 to customer j. williams. which journal entry is needed to record this sales transaction?
Business
1 answer:
Andreyy893 years ago
7 0
A number that can be added but idk do u know because im bored and have home work and all fs so i need help im home schooled


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Logan owns a horse ranch. Logan dislikes horses, but he opened the ranch because he heard it was a lucrative business and he wan
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Answer:

Logan Horse Ranch

The most accurate is:

e. None of the above are correct

Explanation:

Logan's payment to his brother, Luke, of $500 per hour, is not a reasonable business expense that can be deductible.  Surely, $500 per hour is not a going rate for cleaning the horse stalls per hour.  With Lucy doing grocery shopping for Logan, it does not resonate like an ordinary and necessary expense for the business. Therefore, options A to D are not correct.  This leaves only option E as the most accurate.

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"Scuba Diving." Marcy invented a new type of mask that was not subject to fogging forscuba divers and obtained a patent on it. S
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The correct option is C,royalties

Explanation:

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Receipts are  inflows of cash and cash equivalents to the business either form sales transactions or from sources such as disposal of assets as well as issuance of shares.

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Which of the following statements regarding horizontal analysis is not true? Multiple Choice a.Percentage analysis involves comp
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Horizontal analysis of an income statement compares the amount of each item on a current income statement with the same item on an earlier income statement.

Horizontal analysis is used in financial statement analysis to compare historical data, such as ratios, or line items, over a number of accounting periods. Horizontal analysis can either use absolute comparisons or percentage comparisons, where the numbers in each succeeding period are expressed as a percentage of the amount in the baseline year, within the baseline amount being listed as 100%.

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