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On March 12, a company provides services on account to an individual Hospital for $9,100, terms 2/10, n/30. An individual does n

shutvik [7]

To record the transactions with the individual hospital company, the following journal entries are made:

<h3>Journal Entries:</h3>

March 12: Debit Accounts Receivable $9,100

Credit Services Revenue $9,100

To record the sale of services on terms 2/10, n/30.

March 31: Debit Cash $9,100

Credit Accounts Receivable $9,100

To record the receipt of cash in full settlement.

<h3>Transaction Analysis:</h3>

March 12: Accounts Receivable $9,100 Sales Revenue $9,100

Terms 2/10, n/30

March 31: Cash $9,100 Accounts Receivable $9,100

Thus, the journal entries for the customer do not require the recognition of the 2% sales discount since the customer could not pay within the discount window.

Learn more about recording transactions at brainly.com/question/17201601

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3 0

2 years ago

The firms that a company partners with to actively promote and sell a product as it moves through its marketing channel to end u

Tcecarenko [31]

Answer:

Option B

Explanation:

A commercial co-operation or marketing alliance is a collaboration between at minimum two organizations on the supply chain basis with the goal of combining similar qualifications or services to leverage the maximum potential of a sector.

Marketing partnerships are reasonable if two firms ' marketing objectives can be coupled with a meaningful output metric for the final consumer. Effective marketing partnerships produce "win-win-win" circumstances that deliver value not just to partner businesses and also to their consumers.

Thus, from the above we can conclude that the correct option is B.

4 0

3 years ago

Cruz trading's beginning and ending balance accounts receivable for the year were $30,000 and $200,000 respectively, while the c

yulyashka [42]

The answer is "$655,000".

Beginning balance = <span>$30,000
</span>Ending Balance = <span>$200,000
</span><span>Credit sales = $825,000

</span><span>Cash collections from customers for the year = credit sales - (ending balance - beginning balance)

= </span>$825,000 - ($200,000 - $30,000)
= $825,000 - $170000
= $655,000

6 0

3 years ago

A firm is considering purchasing two assets. Asset L will have a useful life of 15 years and cost $4 million; it will have insta

schepotkina [342]

Answer:

Asset S has $103333 more depreciation expense per year than asset L

Option D is the correct answer.

Explanation:

The straight line depreciation method charges a constant depreciation expense per period throughout the estimated life of the asset. The depreciation expense per year is calculated as follows,

Depreciation expense per period = (Cost - Salvage value) / Estimated useful life of the asset

We first need to calculate the cost of each asset. The cost that is recognized should include all costs incurred to bring the asset to the place and condition of use as intended by the management.

Cost - Asset L = 4000000 + 750000 = 4750000 or 4.75 million

Cost - Asset S = 2000000 + 500000 = 2500000 or 2.5 million

<u>Depreciation expense per year </u>

Asset L = (4750000 - 0) / 15

Asset L = $316,666.67

Asset S = $420000

Difference = 420000 - 316666.67

Difference = $103333.33

Asset S has $103333 more depreciation expense per year than asset L

4 0

3 years ago

The product of 3 and X increased by 5

UkoKoshka [18]

3 (times) X = a number + 5

Since you don't know the product, it's impossible to come up with something that's not an equation. However, the problem is basically telling you that the problem, 3 times X, increased by (added) 5 to the product.

4 0

3 years ago