Answer:
debit Work in Process Inventory, credit Raw Materials Inventory.
Explanation:
For reasons of accounting principles, the physical inventory must have priority to that of the continuous method; since the first constitutes information of greater objectivity and can therefore serve as a reference point to determine if there are missing or surpluses in the inventories, which after being well purified, can be adjusted through the cost of sale account and the inventory account accordingly if the permanent inventory turns out to be greater than the physical one, the cost of sale account must be <u>debited</u> for the amount of the difference, while the inventory account will receive a <u>credit</u> for the same value.
Answer: its the first one:)
Answer and Explanation:
The journal entries are shown below:
1. Processor charges - Credit card expense Dr ($10,500 × 3%) $315
Cash Dr $10,185
To Sales Revenue $10,500
(Being the credit card expense is recorded)
For recording this we debited the cash and expenses as it increased the asset and expenses and credited the sales revenue as it also increased the revenue
Processor charges - debit card expense Dr ($6,000 × 3%) $180
Cash Dr $5,820
To Sales Revenue $6,000
(Being the debit card expense is recorded)
For recording this we debited the cash and expenses as it increased the asset and expenses and credited the sales revenue as it also increased the revenue
2. Cash Dr $10,500
To Sales Revenue $10,500
(Being the cash receipt is recorded)
For recording this we debited the cash as it increased the asset and credited the sales revenue as it also increased the revenue
Cash Dr $6,000
To Sales Revenue $6,000
(Being the cash receipt is recorded)
For recording this we debited the cash as it increased the asset and credited the sales revenue as it also increased the revenue
Answer:
I think that its property tax i'm not sure tho
Explanation:
Answer:b. It shifts to the left
Explanation:
The supply will increases as price increases and vice versa. When the price increases and supply also increases the supply curves shifts to the right and when the price decreases and supply equally decreases supply curves shifts to the left.
In the above scenario since bracelet and necklace are exclusive products the sellers will be willing to supply more of necklace since the price has increased and less of bracelet since the price has fallen and the fall in price which leads to fall in supply of bracelet will shift bracelet supply curves to the left.
