The appropriate journal entry is:Debit Cash $1313; debit Sales Discount $39; credit Accounts Receivable $1352.
<h3>Journal entry</h3>
Based on the information given the correct entry to record this transaction is:
Debit Cash $1313
{$1300+[($1300×4%)-($1300×3%)]}
[$1300+($52-$39)]
Debit Sales Discount $39
($1300×3%)
Credit Accounts Receivable $1352
[$1300 + ($1300×4%)]
Inconclusion the appropriate journal entry is:Debit Cash $1313; debit Sales Discount $39; credit Accounts Receivable $1352.
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Answer:
a) FIFO
Explanation:
FIFO means first in, first out. It is an inventory system where the first purchased inventory is the first to be sold . The cost of goods sold is $30 which is equal to the price of the first purchased inventory . Therefore, the FIFO inventory system was used.
LIFO means last in, first out. It is an inventory system where the last purchased inventory is the first to be sold.
Weighted average is when the weighted price of inventory is used as the cost of goods sold.
I hope my answer helps you.
Answer:
A. Application controls
Explanation:
Application control refers to the practice that looks in the security issues that lingers over the data. It helps in restricting or blocking the applications that are unauthorized to become a threat to data security. When the data is transferred or shared among different applications, the application control helps in performing the function of a safeguard.
The
question: Drug sniffing dogs must be 95% accurate in their responses, since we
don't want them to miss drugs and also don't want false positives. a new dog is
being tested and is right in 46 of 50 trials. find a 95% confidence interval
for the proportion of times the dog will be correct.
The answer of the following question:
The 95% confidence interval for the proportion of times the
dog will be corrected is: 0.845, 0.995
The option that should be included in the opportunity cost is <u>c. the </u><u>savings </u><u>that would come from </u><u>buying </u><u>the </u><u>wingtips</u><u>.</u>
<h3>What is Opportunity Cost?</h3>
- Arises from the fact that scarcity forces us to pick an alternative over another.
- Is quantified as the benefit of an alternative that is foregone when we pick another alternative.
The benefit that would be foregone in picking the slip-ons would be the $50 saving that Sean would have made had he picked the wingtips.
In conclusion, option C is correct.
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