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3 years ago

Record the following transactions of Fronke’s Fashions in a general journal assuming that they use the periodic system.

Business

1 answer:

Mrrafil [7]3 years ago

3 0

Explanation:

The Journal entry is given below:-

1. Purchase Dr, $1,280

To cash $1,280

(being merchandise is purchased)

2. Cash Dr, $115

To Purchase return $115

(Being merchandise is returned)

3. Purchase Dr, $668

Freight In Dr, $43

To Account payable $771

(being Purchase on credit)

4. Account payable $50

To Purchase return $50

(Being purchase return is recorded)

5. Account payable $661

To cash $661

(Being cash is paid)

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Cardinal Industries purchased a generator that cost $11,000. It has an estimated life of five years and a residual value of $1,0

bagirrra123 [75]

Answer:

$11,000 cost, five-year life, and $1,000 salvage value

Explanation:

given data

cost = $11,000

residual value = $1,000

estimated to be good = 5,000 hour

solution

as per the straight-line method

formula to compute the depreciation expense that is express as

depreciation expense = (Purchase value of generator - residual value) ÷ (estimated useful life) .......................1

and

here by considering here these three item

and other information that is not relevant that ignore

depreciation expense = ($11,000 - $1,000) ÷ 5 years = 2000

so $11,000 cost, five-year life, and $1,000 salvage value

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3 years ago

Scenario: Money Creation The reserve requirement is 20%. Leroy receives $1,000 as a graduation present and deposits the money in

disa [49]

Your answer to this question is increased by $1000

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3 years ago

Julio is the owner of Party Time, Inc., a small party supply company. The company provides tents, tables, chairs, and related pa

BartSMP [9]

True ....................

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3 years ago

The following information relates to Halloran Co.'s accounts receivable for 2021: Accounts receivable balance, 1/1/2021 $ 858,00

cluponka [151]

Answer:

$1,224,000

Explanation:

Given that,

Accounts receivable balance, 1/1/2021 = $ 858,000

Credit sales for 2021 = $3,450,000

Accounts receivable written off during 2021 = $54,000

Collections from customers during 2021 = $3,030,000

Allowance for uncollectible accounts balance, 12/31/2021 = 215,000

Halloran report for accounts receivable, before allowances, at December 31, 2021:

= Beginning accounts receivables + Credit sales for 2021 - Accounts receivable written off during 2021 - Collections from customers during 2021

= $858,000 + $3,450,000 - $54,000 - $3,030,000

= $1,224,000

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3 years ago

The b2b market includes:____.

Nikolay [14]

Manufacturers and governmental organizations are included in the b2b market.

<h3>What does "B2B marketing" mean?</h3>

Marketing to businesses: Business-to-business marketing, as its name suggests, refers to the promotion of goods and services to other corporations and enterprises. It differs significantly from B2C marketing, which is focused on customers, in a number of important ways.

It refers to any marketing tactic or piece of material used by one company to promote to and sell to another company. For instance, B2B marketing is frequently used by businesses that sell goods, services, or SaaS to other businesses or organizations. The LinkedIn B2B brand strategy for Monday.com is a fantastic illustration of B2B marketing.

Business-to-business marketing is referred to as B2B marketing. In contrast to B2C (business-to-consumer) marketing, this type of advertising involves the producer generating demand among other companies and organizations. B2B marketers target groups of customers at ideal accounts rather than single consumers.

To learn more about b2b market, refer to:

brainly.com/question/27247468

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3 0

2 years ago