BRAINLIEST

When a bill is paid using the Pay Bills window, QuickBooks records a journal entry that:________. A) Debits Accounts Receivable,

Nady [450]

Answer:

C)

Explanation:

When a bill is paid using the Pay Bills window, QuickBooks records a journal entry that Credits Checking account, Debits Accounts Payable. Meaning that it records a withdrawal (Credit) from your own checking account that was used to pay the bill, while simultaneously records a deposit (Debit) on the account that was just paid through the bill.

8 0

3 years ago

O

tino4ka555 [31]

What is the question? Lol

7 0

3 years ago

Benet Company has budgeted the following unit sales:

Reika [66]

Answer:

Benet Company

Production Budget for 2019:

Quarter Quarter Quarter Quarter

1 2 3 4

Ending inventory 38,000 52,000 75,000 24,000

Units Sold 105,000 190,000 260,000 375,000

Units available for

production 143,000 242,000 335,000 399,000

Beginning Inventory 21,000 38,000 52,000 75,000

Units produced 122,000 204,000 283,000 324,000

Explanation:

a) Data and Calculations:

2019 2020

Quarter Units Quarter Units

1 105,000 1 120,000

2 190,000

3 260,000

4 375,000

Ending inventory

December 31, 2018 = 21,000

Quarter 1, 2019 = 38,000 (190,000 * 20%)

Quarter 2, 2019 = 52,000 (260,000 * 20%)

Quarter 3, 2019 = 75,000 (375,000 * 20%)

Quarter 4, 2019 = 24,000 (120,000 * 20)

Production Budget for 2019:

Quarter Quarter Quarter Quarter

1 2 3 4

Ending inventory 38,000 52,000 75,000 24,000

Units Sold 105,000 190,000 260,000 375,000

Units available for

production 143,000 242,000 335,000 399,000

Beginning Inventory 21,000 38,000 52,000 75,000

Units produced 122,000 204,000 283,000 324,000

8 0

3 years ago

The management of Lanzilotta Corporation is considering a project that would require an investment of $225,000 and would last fo

Sav [38]

Answer:

Payback =1.53 years

Explanation:

The annual cash-flow figure that is to be used in this calculation should not include depreciation as depreciation is a non-cash item. Net operating income from the project is $115,000 and to get to annual cash-flows, depreciation should be added back.

Annual cash-flows for each of the 6 years would therefore be:

$$115,000+$32,000=$147,000$

The scrap value would be expected at the end of the project i.e end of year 6.

Year Cash-flow Balance

0 (225,000) (225,000)

1 147,000 (78,000)

2 147,000 69,000

By end of year 2, the company has already recovered the $225,000 initial investment as seen through the positive cumulative balance

Payback = Years With Negative Cumulative Cash-flow Balance + $\frac{-LastNegativeBalance}{CashInflowfollowingYear}$

$=1+\frac{78,000}{147,000} =1.53years$

5 0

3 years ago

Pearson Company bought a machine on January 1, 2014. The machine cost $144,000 and had an expected salvage value of $24,000. The

allsm [11]

Answer:

Book value= $96,000

Explanation:

Giving the following information:

Pearson Company bought a machine on January 1, 2014. The machine cost $144,000 and had an expected salvage value of $24,000. The life of the machine was estimated to be 5 years.

Annual depreciation= (original cost - salvage value)/estimated life (years)

Straight-line depreciation= (144,000 - 24,000)/5= 24,000

Accumulated depreciation= 24,000*2= 48,000

Book value= 144,000 - 48,000= 96,000

6 0

3 years ago