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
LUCKY_DIMON [66]
3 years ago
10

If a company makes three entries into the cash receipts journal for cash received from customers paying on account of $500, $750

, and $1,000 during the month, and during the same month has to refund $50 due to a customer overpaying, what is the balance of the cash receipts journal at the end of the month?
Business
2 answers:
lisov135 [29]3 years ago
7 0
For the answer to the question above,
just add $500 + $700+ $1000

And the answer would be $2,250.00
If there's a refund. The answer would be the same. That wouldn't affect the cash receipts journal. That would go to the Accounts Payable and you could deduct it in the next month.
nalin [4]3 years ago
6 0
<span>To solve add: $500 + $750 + $1000 = $2,250 There is a $50 refund that happened the same month because the customer over payed. If there is a refund, it comes off of the next months Accounts Payable instead of the current months cash journal. Due to them refunding, it will be deducted off of the sales in the following month so the company will be negative until they make their first sale over $50.</span>
You might be interested in
When economists are sketching examples of demand and supply, it is common to sketch a demand or supply curve that is close to ve
Hitman42 [59]

Answer:

a. inelastic

Explanation:

<em>As you can see in the image I added, the curve that is close to a vertical is the inelastic one.</em> Inelastic means that the demand remains the same even if the prices go up or down.

I hope you find this information useful and interesting! Good luck!

6 0
3 years ago
Is there really a need to develop training improve customer service? Why?​
il63 [147K]

Answer:

Yes

Explanation:

The customer must feel happy, and comfortable in the environment that shopkeeps set up. An unhappy customer is far less likely to purchase in quantity and may be less attracted to products. The experience of shopping must be positive if the manager wishes to succeed.

Examples may be seen in MacDonalds, where the "Happy" meal exists, where bright colours are used and service must be supportive of the customers needs and thoughts.

7 0
2 years ago
Natural rate. the natural rate of unemployment in europe is normally twice and at times three times that of the usa. can you exp
Stels [109]

The unemployment charge is the critical indicator which could degree the price of unemployed humans inside the overall labor pressure of the economy.

The unemployment rate would bring about the quantity of people unemployed inside the economy. The unemployment would also have a change off with inflation and is known as philips curve. The unemployment could bring about the fraction of people unemployed inside the economy.

The natural fee of unemployment would be the unemployment level at the whole employment degree in the financial system. The natural fee of unemployment would result in the sum of frictional and the structural unemployment within the economic system.

The increase in the frictional unemployment would result in the increase inside the herbal rate of unemployment as humans might also shift to higher research leaving job or can be unemployed in the transition whilst moving from one process to any other. thus, growth inside the frictional unemployment might bring about the growth in the unemployment within the economic system thereby growing herbal price of unemployment.

Learn more about unemployment here :- brainly.com/question/305041

#SPJ4

7 0
1 year ago
Time management and world view college success
Stolb23 [73]

Explanation:

As most students discover, college is not the same as high school. For many students, college is the first time they are “on their own” in an environment filled with opportunity. And while this can be exciting, you may find that social opportunities conflict with academic expectations. For example, a free day before an exam, if not wisely spent, can spell trouble for doing well on the exam. It is easy to fall behind when there are so many choices and freedoms.

One of the main goals of a college education is learning how to learn. In this chapter we zoom in on learning how to skillfully manage your time. To be successful in college, it’s imperative to be able to effectively manage your time.

In the following Alleyoop Advice video, Alleyoop (Angel Aquino) discusses what many students discover about college: there is a lot of free time—and just as many challenges to balance free time with study time

7 0
3 years ago
Read 2 more answers
Kilbuck Company operates in a lean manufacturing environment. Kilbuck applies conversion costs at a rate of $25 per unit. Kilbuc
Elza [17]

Answer:

The journal entry to record applied conversion costs for May will include a debit to raw and in-process inventory for $300,000.

Explanation:

Raw materials of all kinds are measured at the start and recorded into a list plus account, with a credit to the accounts collectible account, and a debit to the raw materials inventory account.

The accounting treatment will vary when raw materials are consumed speculating on their standard as direct or indirect materials.

Thus, the journal entry to record applied conversion costs for May will include a debit to raw and in-process inventory for $300,000.

3 0
3 years ago
Read 2 more answers
Other questions:
  • The following events occurred for Favata Company: a. Received $13,000 cash from owners and issued stock to them. b. Borrowed $10
    13·1 answer
  • Shanon will pay for an annual gym membership that costs $420.00. She has 152.62 in her checking account. What are the pros and c
    8·1 answer
  • Which of the following statements is CORRECT, other things held constant? Select one: a. If companies have fewer good investment
    14·1 answer
  • If the future value of an ordinary, six-year annuity is $8,500 and interest rates are 9.5 percent, what’s the future value of th
    6·1 answer
  • Sally nash has decided she needs a new car. after doing some research, she has settled on a midsized four door sedan. she likes
    10·2 answers
  • Minor Company installs a machine in its factory at the beginning of the year at a cost of $135,000. The machine's useful life is
    12·1 answer
  • On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 400,000 shares of $10 par common stock at $18, and on Nov
    8·1 answer
  • Over time, consumers have less of a need for a broad product offering. How does this shift in preferences alter the desirability
    10·1 answer
  • Marigold Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated
    5·1 answer
  • Cooperative San José of southern Sonora state in Mexico makes a unique syrup using cane sugar and local herbs. The syrup is sol
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!