Answer:
the total general and admin expense is $8,200
Explanation:
The computation of the total general and admin expense is given below:
Administrative salaries $4,300
Other cash administrative expenses $1,700
Depreciation $2,200
General and administrative expenses budget $8,200
hence, the total general and admin expense is $8,200
We simply added the above 3 items so that the correct value could come
Answer:
E). Cash 5,194
Sales discounts 106
Accounts receivable 5,300
Explanation:
Preparation of the journal entry that Vander makes on September 18
Preparation of the journal entries made that Vander made earlier
Sep. 12
Dr Accounts receivable 5800
Cr Sales revenue 5800
(Being to record sales on account)
Sep. 14
Dr Sales returns and allowances 500
Cr Accounts receivable 500
(Being to record sales returns)
Preparation of the Journal entry that Vander makes on September 18
Sep. 18
Dr Cash 5194
[($5,800 -$500)- $106]
Cr Sales discount 106
[($5,800-$500) - (2% x $5,300)]
Cr Accounts receivable 5,300
($5,800 - $500)
(Being to record collection on account)
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