Answer and Explanation:
The journal entries are shown below:
On September 1
Cash $520
Sales $520
(Being the sale is recorded)
On September 1
Cost of goods sold $220
To Merchandise inventory $220
(Being the cost is recorded)
On September 1
Warranty expense $41.6 ($520 × 8%)
To Estimated warranty liability $41.60
(Being the warranty expense is recorded)
On July 24
Estimated warranty liability $36
To Repair parts inventory $36
(Being the estimated warranty liability is recorded)
Answer:
Business
Explanation:
A business is a legal activity which we undertake to earn money. In this case, both Melvin and Neil work together to earn money by running pawnshop. Selling of personal items of the borrower and interest receipts are part of the operations of the business. It is not proven from the scenario that it is partnership (business type) because it is not written that both Melvin and Neil share profits and losses associated with this business.
Answer:
gold is denser than any other mineral
Explanation:
a placer deposit is an accumulation of valuable minerals formed by gravity separation from a specific source rock during sedimentary process .
minerals that form a placer deposit have high specific gravity and are chemical resistant and weathering. these minerals include gold, platinum, chromium, native copper, zircon, monazite, cassiterite, magnetite, ilmenite, and various gemstones.
Answer:
needs to make a business plan . it is important to all entrepreneurs because it helps them plan out their future for thier buisness like their customers and if they will go into debt
Its called inflation the more you buy the more the prices go up but i don't think the quantity lowers no
