Answer and Explanation:
The journal entries are as follows;
a. On Jan 1
No journal entry is required
b. On Feb 5
Contra asset Dr $1,320
To Sales revenue $1,320
(being sales revenue is recorded)
Cost of goods sold Dr $670
To Inventory $670
(being cost of goods sold is recorded)
c. On Feb 25
Cash $3,300
Contra asset Dr $1,320
To Sales revenue $1,980
(being sales revenue is recorded)
Cost of goods sold Dr $300
To Inventory $300
(being cost of goods sold is recorded)
Answer:
The answer is below
Explanation:
A Master Administrator is normally the individual who is tasked at establishing the company file in QuickBooks Online.
In other words, Master Admin possesses access to all portions of the company file and can grant authorizations and access to other users.
Therefore, a Master Admin Accountant User can view the apps connected to a client’s QuickBooks Online account from within QuickBooks Online Accountant by doing the following:
1. Go to Settings
2. Select Manage Users.
3. Select Accounting firms.
4. Under the Company section, Select View Apps.
Answer:
$1,275
Explanation:
The computation of the amount of commission for paying is shown below:
= Invested amount × fund charges a load percentage
= $30,000 × 4.25%
= $1,275
By multiplying the invested amount with the fund charges a load percentage we can easily calculate the amount of commission and the same is to be considered
Answer:
The correct answer is D. code of ethics.
Explanation:
A code of ethics serves to regulate the actions of a professional, to protect organizations and their members; In this way, the behavior standards of people within a company or organization are established. In this case, the domicile company requires a code of ethics so that the personnel do not disclose company information, honestly carry out the work, take responsibility for the obligations assigned to them during their professional activity.
Answer:
Request for proposal
Explanation:
The correct answer is a request for proposal. A request for proposal (RFP) is a business document that announces and gives detailed explanations about a project, it also helps an organization solicitation of bids from contractors who will help in the completion of the project. organization clarify training objectives, compare vendors, and measure results.
