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jonny [76]
3 years ago
15

Why are posting references entered in the journal when entries are posted to the ledger accounts?

Business
1 answer:
wolverine [178]3 years ago
3 0

Answer:

c. So we know that the entry has been posted.

Explanation:

  • The posting reference are entered in the journal entries are done so as to find them in the account ledgers and these entres are post in the this account is insert to keep and store the booking entry for the balance sheets and includes the incomes statements and accounts like the receivables and the accounts payable and accrued expenses also.
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A work-at-home opportunity is available in which you will receive 2 percent of the sales for customers you refer to the company.
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Answer:

The answer is $35500

Explanation:

We need to collect $710 from the sales of the customers referred by us to cover the franchise fee. But we only make 2% of whatever they spend. If we equate 710 to 2% and solve for 100% we will know what is the total dollar amount they need to spend:

1.   This can be solved using a rule of three:

2% = $710

100% = ?

100 * 710 / 2 = 35500

2.   Or, It can also be solved writing it down as an equation and knowing that 2% also means 2 parts of 100 or 2/100 = .02

  • 710 = .02*Sales

Solve for Sales:

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There is no need to round to the nearest whole dollar because the result is already in whole dollars, it does not have any cents.

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brainly.com/question/13130847

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