Answer:
$44,100
Explanation:
Larry Bar
Investment in Cash - Receptionist's salary+Sales of custom frame = Cash account balance
Investment in Cash $40,800
Paid $2,000 Receptionist's salary $2,000
Sales of custom frame $5,300
Hence:
$40,800-$2,000+$5,300
=$44,100
Cash account balance will be $44,100
Answer:
it is b
Explanation:
because a net worth of a company will mot affect
It should be noted that in the Production Oriented Era,manufacturers focused on product innovation, rather than satisfying the needs of individual customers.
<h3>What is Production Oriented Era?</h3>
Production Oriented Era can be regarded as an era in which manufacturers were concerned with product innovation, they do this instead of meeting customers needs.
In this era Retailers were considered places to hold inventory until it was sold.
Learn more about Production Oriented Era at:
brainly.com/question/6264918
Answer:
Option (b) is correct.
Explanation:
Given that
Amount of merchandise purchased = $5,800
Credit terms = 2/10 and n/10
Using a perpetual system and gross method,
Therefore, the Journal entry is as follows:
On May 1,
Merchandise inventory A/c Dr. $5,800
To accounts payable $5,800
(To record the purchase of merchandise on account at May 1)