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Irina18 [472]
4 years ago
15

Journalize the entries to record the following selected transactions.

Business
2 answers:
Inessa05 [86]4 years ago
7 0

Answer:

Please see attached

Explanation:

Please see worked out entries on the attached papers

zlopas [31]4 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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To raise capital, Candace Tyson and Martha Black plan to sell stock to between 108 and 200 investors. They also want to avoid do
makvit [3.9K]

Answer:

The correct answer is A) Regular corporation or C corporation

Explanation:

Because Candance and Martha want to sell shares, they have to form a corporation, be it a C Corporation or an S Corporation, however, they also want to avoid double taxation, therefore, they have to form a C Corporation.

A C Corporation or Regular Corporation is taxed on the income it makes, and nothing else, the profit after deducting taxes is not taxed again. A S Corporation, on the other hand, is taxed both on income and profit.

8 0
4 years ago
How much water needs to be mixed with three liters of
irinina [24]

Answer:

The volume of water needed=0.86 liters

Explanation:

Step 1: Form an equation

The equation can be expressed as follows;

(Ac×Va)+(Wc+Vw)=Fc(Va+Vw)

where;

Ac=initial concentration of antifreeze

Va=volume of antifreeze in liters

Wc=concentration of water

Vw=volume of the water in liters

Fc=final concentration of the antifreeze

This expression can be written as;

(concentration of antifreeze×volume of antifreeze in liters)+(concentration of water×volume of the water)=final concentration of the antifreeze(volume of antifreeze in liters+volume of the water in liters)

In our case;

Ac=45%=45/100=0.45

Va=3 liters

Wc=0

Vw=unknown

Fc=35%=35/100=0.35

Replacing;

(0.45×3)+(0×Vw)=0.35(3+Vw)

1.35=1.05+0.35 Vw

0.35 Vw=1.35-1.05

0.35 Vw=0.30

Vw=0.3/0.35=0.86

Vw=0.86 liters

The volume of water needed=0.86 liters

5 0
4 years ago
Who do yall want president let me know i choose biden..
Sladkaya [172]

Answer:

TRUMP MAKE AMERICA GREAT AGAIN !!!!!!!!!

Explanation:

8 0
3 years ago
If Rina's boss is interested in a graphical presentation of the relationship between the price and quantity of televisions deman
ExtremeBDS [4]

Answer:

a) a demand curve 

b) a demand schedule 

Explanation:

A demand curve is a graph that shows the relationship between price and quantity demanded.

A typical demand curve is downward sloping. This means that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

A demand schedule is a table that shows the relationship between price and quantity demanded.

Attached is an image of a demand curve

I hope my answer helps you

6 0
3 years ago
Kyle is a strict boss. He is more concerned about the successful execution of tasks than the wellbeing of his employees. As a re
abruzzese [7]

Answer:

The answer is option (C) authority-compliance style.

Explanation:

The authority-compliance style In the context of the Blake/Mouton leadership grid describes when managers or bosses are overly concerned about the effectiveness with which their employees or subordinates get work done without regard for the well being of such employees.  

This kind of dictatorial management style is due to the fact that a manager or boss believes that the needs of his/her subordinates or employees are relatively unimportant when compared to achieving success or getting work effectively done.

7 0
3 years ago
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