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Irina18 [472]
3 years ago
15

Journalize the entries to record the following selected transactions.

Business
2 answers:
Inessa05 [86]3 years ago
7 0

Answer:

Please see attached

Explanation:

Please see worked out entries on the attached papers

zlopas [31]3 years ago
5 0

Answer:

Journal Entries

                                               Dr.               Cr.

Sale of Merchandise

a. Account Receivable        $4,240

Sales                                                        $4,000

Sales Tax Payable                                  $240

Cost of Goods Sold             $2,360

Merchandise Inventory                          $2,360

b. Payment of Sales Tax

Sales tax Payable                 $42,110

Cash                                                         $42,110

Explanation:

Sales of Merchandise increase the account receivable and tax liability as well. Inventory has been reduced by the cost of merchandise.

Tax is paid and sales tax liability is reduced along with cash.

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If an annuity is purchased in December and monthly benefits begin in January of the following year, what type of annuity is it?
cestrela7 [59]

Answer:

Option D    

Explanation:

A single premium immediate annuity relates to the insurance company arrangement whereby one really pay them a large sum of money right up front (widely referred to as a premium price) and so on. The company promise to regularly (monthly, for example) give you a specific amount of benefits for the remaining of one's lifetime.

Income payments both for instant annuities are made on the basis of non-taxed main yields and earnings payouts that are taxed at levels of income tax instead of levels of capital gain.

8 0
2 years ago
When you are shopping for a loan, the __________ is the important rate to compare.
MrRa [10]
When you are shopping for a loan, the ANNUAL PERCENTAGE RATE is the important rate to compare. This is because, comparing the annual percentage rate is the best way to accurately determine the loan that will cost you more in the long run.
7 0
3 years ago
Arm & Hammer launches a campaign to extend the life of its baking soda products through improved packaging and new uses in p
lbvjy [14]

Answer:

C) maturity

Explanation:

The four stages of the product life cycle are:

  1. Introduction Stage
  2. Growth Stage
  3. Maturity Stage: at this stage the product is already well established and its sales growth rate slows down. The highest sales level are achieved at this stage. This is also the stage at which the product faces the most competition, so the companies must modify and improve their products.
  4. Decline Stage
7 0
2 years ago
His lesson starts on time (change into negative)​
Dmitrij [34]

Answer:

His lesson started late

Explanation:

3 0
2 years ago
Read 2 more answers
Total Costs (dollars)
Andrei [34K]

The appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.

<h3>Why is the curve as stated about?</h3>

Because a fixed cost is constant, this is not shown on the graph, however, the movement of the variable cost impacts directly on the total cost as well but it will be higher.

Hence, the appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.

Therefore, the Option C is correct.

Read more about total cost

<em>brainly.com/question/5168855</em>

#SPJ1

6 0
2 years ago
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