Answer:
June 1 2020
No entry
September 1, 2020
Dr Cash $1,980
Dr Accounts receivable $300
Cr Sales revenue $1,730
Cr Unearned sales revenue $550
September 1, 2020
Dr Cost of goods sold $1,140
Cr Inventory $1,140
October 15 2020
Dr Cash $300
Dr Unearned service revenue $550
Cr Accounts receivable $300
Cr Service Revenue $550
Explanation:
Preparation of the journal entries for Geraths in 2020
June 1 2020
No entry
September 1, 2020
Dr Cash $1,980
Dr Accounts receivable $300
($1,730+$550+$1,980)
Cr Sales revenue $1,730
($1,980/$2,610*$2,280)
($1,980+$630=$2,610)
Cr Unearned sales revenue $550 ($630/$2,610*$2,280)
September 1, 2020
Dr Cost of goods sold $1,140
Cr Inventory $1,140
October 15 2020
Dr Cash $300
Dr Unearned service revenue $550
Cr Accounts receivable $300
Cr Service Revenue $550
False. As trade will also cause the average level of wages in an economy to rise and not fall.
<h3>The relationship between free trade and wages</h3>
Free trade results in an increase in all factor incomes, including wages, interest rates, profits, and rents, which raises GDP and makes more money available for company investment, which boosts global trade.
Trade will increase the average pay level in an economy because it increases the amount that an economy can produce by allowing businesses and workers to take use of their comparative advantages.
Therefore, employers will value employees who can create more, which will cause the demand for their labor to move to the right and raise earnings in the labor market. Contrarily, trade restrictions will cause an economy's average pay level to decline.
Learn more about trade from;
brainly.com/question/5719305
#SPJ1
Answer:The correct option is C = 0.98%
Explanation:
Ok so we do 25.50 - 2.80 because its being taken out
then we divide the answer we get by 10
or multiply it by .10
Hope this helps :)
I think the annuity will be worth about 41,146 in 18 years, I hope this helped :)
Answer:
D. Asset S has $103,333 more in depreciation per year.
Explanation:
For computing the greater annual straight minus line depreciation first we have to determine the each assets depreciation expense which is shown below:
For Asset L
= (Original cost + installation cost - salvage value) ÷ (useful life)
= ($4,000,000 million + $750,000 - $0) ÷ (15 years)
= $316,666.67
For Asset S
= (Original cost + installation cost - salvage value) ÷ (useful life)
= ($2,000,000 million + $500,000 - $400,000) ÷ (5 years)
= $420,000
As we can see that the Asset S has high annual straight-line depreciation
And, the amount exceed is $103,333.33
