Answer:
DR Cash $589
DR Credit Card expense $31
CR Sales $620
<em>(To record sales via credit card)</em>
<u>Working</u>
Cash
= 620 * ( 1 - 5%)
= $589
Credit Card Expense
= 620 * 5%
= $31
Answer:
c
Explanation:
the health care because it is very expensive benefit
Answer:
1. Prepare an income statement for Allstar for the past month.
The income statement is given below.
Sales $ 410,000
Commission Cost ($ 50,000)
Technology Cost ($ 75,000)
R/D Cost* ($ 200,000)
Selling expenses ($ 10,000)
Admin expenses ($ 35,000)
Net profit $ 40,000
* In absence of information it is assumed that research and development costs of $200,000 meet defination of expense as per accounting standard (IAS 38).
2. Briefly explain why Allstar's income statement has no line for cost of goods sold.
As per question Allstars is a service oriented company. In services oriented company there is no good that company is manufacturing and selling. So there will not be any cost of good sold line item in income statement.
The answer is cost of goods sold... brainliest plz
Answer:
The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500
Explanation:
The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500
<u>Dividends payable a/c</u>
<u>Particulars Amount Particulars Amount</u>
Balance b/d $ 13,000
Dividend paid (Cash) $ 54,500 Dividend declared $57,000
Balance c/d $ 15,500
$ 70,000 $ 70,000
Therfore, The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500
