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
Pachacha [2.7K]
3 years ago
11

Selling inventory costing $93,000 for a selling price of $111,000 to customers on account (to be received at a later date) would

require which of the following as part of the journal entry?
A. Credit to Gain on Sale for $18,000
B. Debit to Cash for $111,000
C. Debit to Inventory for $93,000
D. Debit to COGS for $93,000
Business
1 answer:
Lera25 [3.4K]3 years ago
3 0

Answer:

D. Debit to COGS for $93,000

Explanation:

The following two journal entries are to be recorded in the accounts on the sale of inventory.

                                                  Debit              Credit

Revenue                                    $111,000                                                

Accounts receivable                                        $111,000

Cost of Goods sold                    $93,000                  

Inventory                                                            $93,000      

So based on the above discussion, the answer is D. Debit to COGS for $93,000

You might be interested in
NBB's focus on sustainability, whimsy, and fun is clearly rooted in its Colorado-based culture and the ethos of its founders and
Assoli18 [71]

Answer:

To help expand New Belgium’s brand(NBB) image to consumers in different other parts of the country, NBB will have to link advertisements to the company’s social network pages. This would be the most efficient and effective way to stream advertisement to new countries, or different other parts of the country.

Explanation:

NBB carries a strength of knowing their brand. With an expansion making use of branding and communication strategies, they would have succeed in their goal of being a unique culture remaining committed to their initial mission of being a fun, socially, and environmentally responsible company. For the company to maintain its whimsical and personal touch with consumers, NBB should spring forth new ideas to communicate with consumers, this will keep the customers updated and make them interested in staying loyal to the company.

8 0
3 years ago
What is probability/impact matrix
yanalaym [24]

Explanation:

probability and impact metrix is a tool for the project team iad in prioritizing risks.

4 0
3 years ago
Read 2 more answers
Vnich of the following a Morales ik rom diving area
PtichkaEL [24]

Answer:

A. Distracting billboards

Explanation:

Billboards are huge advertisements placed on the roadsides.  They promote products or brands of different companies. They also advertise events and popular venues. Billboards are for commercial use and located in urban centers.  

Billboards are paid for; hence, they will be placed where there are likely to communicate to a broad audience. In rural areas, billboards are not economically viable due to the sparse distribution of people. For this reason, billboards do not pose any risks to people driving in rural areas.

Unpaved, poorly maintained roads,  Poorly lit roads at night, and  Wildlife or livestock crossing roads are characteristics or rural setting. Anyone driving in the upcountry is highly likely to encounter them.

8 0
3 years ago
Trade barriers: Group of answer choices are still used by nations as a means of rewarding their friends and punishing their enem
elixir [45]

Answer:

are still used by nations as a means of rewarding their friends and punishing their enemies

Explanation:

Trade barriers "are still used by nations as a means of rewarding their friends and punishing their enemies."

The above statement is based on the fact that trade barriers have been analyzed to be damaging and reduce the total economic advantage of the affected countries.

For example, the imposition of taxes on food imports and subsidies for farmers in advanced countries leads to overproduction and eventually dumping on world markets, thereby reducing the prices and affecting the developing countries' farmers.

8 0
3 years ago
You're a partner at O'Leary, Ford, and Bradley Legal Services, and one of your responsibilities is to get new business for your
elixir [45]

Answer:

do your ownwork aha

Explanation:

6 0
3 years ago
Other questions:
  • It is important negotiators consider the shadow negotiation carefully before meeting with the other party so they:________
    14·1 answer
  • Stephanie Johns is a member in a store that is a nonprofit organization that buys grocery items in bulk. The savings on these bu
    9·1 answer
  • The interrelationships with suppliers, customers, distributors and other businesses that are needed to design, build and sell a
    15·1 answer
  • n​ 2007, an unseasonably dry spring led to a sharp decline in the quantity harvested of black​ morels, a wild mushroom found thr
    12·1 answer
  • The Riteway Ad Agency provides cars for its sales staff. In the past, the company has always purchased its cars from a dealer an
    10·1 answer
  • Erin Brushwood sells gourmet chocolate chip cookies. The results of her last month of operations are as follows: Sales revenue $
    12·1 answer
  • Which characteristic of globalization deals with the effects it has on workers in different
    7·2 answers
  • Why is it important to screen your business idea?​
    14·1 answer
  • Calculate the interest for a loan of $10,000 with an interest
    9·1 answer
  • In the case of distributive bargaining, the ________ point indicates what a person would like to achieve out of a negotiation.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!