All categories

3 years ago

The type of shipping paper used in highway transportation is called a:

1 answer:

4 0

The type of shipping paper used in highway transportation is called a "bill of landing".

A bill of landing refers to an authoritative archive or document between the shipper and bearer or carrier enumerating the sort, amount and goal of the merchandise being conveyed. The bill of landing likewise fills in as a receipt of shipment when the products are conveyed at the foreordained goal. This record must go with the dispatched merchandise paying little mind to the type of transportation and must be marked by an approved agent from the bearer, shipper and recipient.

You might be interested in

The most important difference between public and private collective bargaining is that:

Rasek [7]

Answer:

A significant difference between public and private collective bargaining is the right to strike, which is a cornerstone of the private sector.

6 0

3 years ago

On October 1, Bentley Delivery Services acquired a new truck with a list price (fair market value) of $75,000. Bentley Delivery

Anettt [7]

Answer:

Dr Depreciation Expense—Trucks $5,250

Cr Accumulated Depreciation—Trucks $5,250

B. Dr Accumulated Depreciation—Trucks $40,250

Dr Trucks $75,000

Cr Trucks $56,000

Cr Cash $51,000

Cr Gain on Exchange of Trucks $8,250

Explanation:

Preparation of the Journal entries

a. Preparation of the Journal entries to record the current depreciation of the old truck to the date of trade-in.

Dr Depreciation Expense—Trucks $5,250

Cr Accumulated Depreciation—Trucks $5,250

($7,000 × 9/12).

(Being to record the current depreciation of the old truck to the date of trade-in)

b.Preparation of the Journal entries to record transaction on October 1.

Dr Accumulated Depreciation—Trucks $40,250

($35,000+$5,250)

Dr Trucks $75,000

Cr Trucks $56,000

Cr Cash $51,000

Cr Gain on Exchange of Trucks $8,250

($40,250+$75,000-$56,000-$51,000)

(Being to record transaction on October 1)

8 0

3 years ago

On January 1 of Year 1, Pierce Company borrowed $200,000 on a 10-year, 7% installment note payable. The terms of the note requir

erastovalidia [21]

A. Debit interest expense, $14,000; debit notes payable, $11,000; credit cash, $25,000

8 0

2 years ago

The journal entry to record the prior year’s deferred Inflows: property taxes (those expected to be collected more than 60 days

ratelena [41]

Answer:

b. A debit to Deferred Inflows: Property Taxes; and a credit to Revenues Control.

Explanation:

In accrual accounting revenues and expenses are not recognised till they are earned or incurred.

Deferred revenue is the income for goods that have not been delivered yet. For example if a business made sales of books worth $500 but have not delivered the goods to the buyer, the income realised is credited to deferred income. When the books have been delivered the income can now be recognised and moved to revenue account.

So in the scenario given the property taxes have not been collected yet and Soni's recorded as Deferred inflow from the previous year. When the taxes are collected we debit Deferred Inflow- Property taxes and credit Revenue Control.

3 0

3 years ago

Blank is a checking that is dishonored because of insufficient funds

alisha [4.7K]

bank account where the depositor can write checks. A bank account where money is stored and returns a low interest rate. The same thing as a checking account. ...Blank is a check that is dishonored because of insufficient funds.

7 0

3 years ago

Read 2 more answers