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attashe74 [19]
3 years ago
12

The principle of _____ says that if we are in a position to ease the agony of another and we can do so without excessive cost to

ourselves, we should try to render aid.
Business
1 answer:
Dahasolnce [82]3 years ago
7 0
I sent that like pulling the plug
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The bank received and accepted a payment worth $7,200 from a customer on the company’s behalf. Which journal entry adjustment sh
Oliga [24]

Answer:

A. Accounts receivable will be debited by $7,200.

Explanation:

Accounts receivable is the payments that customers owe to a business. It arises when a business sells goods to customers of credit. Accounts receivables are current assets as they represent money that the business expects to receive in the short term.

Recording the transaction for accounts receivable follows the principle for recording assets transactions.  An increase in assets is debited. The accountant will debit accounts receivable by an amount of $7200.

7 0
3 years ago
Read 2 more answers
Perle, a dentist, billed Wood $600 for dental services. Wood paid Perle $200 cash and built a bookcase for Perle’s office in ful
Naddika [18.5K]

Answer:$600

Explanation:

The full amount of$600 will be credited to Perle as his service income on completion of the dental services and debited to wood account as a debtor.

The $200 will reduce the debt to $400 , the $400 which will be recorded through a journal by debiting bookcase and crediting Wood.

Narration. Recognition of bookcase built as debt payment.

7 0
3 years ago
Jose Inc. reports the following balances and amounts. The following information is presented in random order (amounts are in dol
tankabanditka [31]

Answer:

Current assets        300.000,00

Current liabilites        120.000,00

WORKING CAPITAL 180.000,00

Explanation:

Working capital, also known as net working capital (NWC), is the difference between a company’s current assets, such as cash, accounts receivable (customers’ unpaid bills) and inventories of raw materials and finished goods, and its current liabilities, such as accounts payable

8 0
3 years ago
Why do you need your rate of return to be greater than inflation
slavikrds [6]
Because when inflation levels are stable and moderate, investors have lower expectations of high market returns. Conversely, expectations rise when inflation is high.
6 0
2 years ago
In a perpetual average cost system: a. The average is determined by dividing the total number of units sold by the cost of units
Sedaia [141]

In a perpetual average cost system a new weighted-average unit cost is calculated each time additional units are purchased.

Option B is correct

Explanation:

"Average" represents the mean expense of production items from the sale time below the perpetual method. This marginal cost is compounded by the numbers of distribution units, deducted from the stock in the possession and debited to the Expense of Items Sold balance.

Divide the prices of goods available on the market by the amount of available on the market to be using the median weighted practice, which results in the total average cost of units. The cost of the product available on the market is the amount of the original production and net sales in this estimate.

8 0
3 years ago
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