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Finger [1]
3 years ago
12

Journalize the July transactions.

Business
1 answer:
xxMikexx [17]3 years ago
8 0

Answer:

Transactions :

July 1

Cash $39,870 (debit)

Cleaning Equipment $2,500 (debit)

Capital $42,370 (credit)

July 1

Truck $10,500 (debit)

Cash $2,500 (credit)

Accounts Payable $8,000 (credit)

July 3

Cleaning Supplies $1,794 (debit)

Accounts Payable $1,794 (credit)

July 5

Prepaid Insurance $1,800  (debit)

Cash $1,800  (credit)

July 12

Trade Receivable $4,813 (debit)

Service Revenue $4,813 (credit)

July 15

Cash $1,650 (debit)

Deferred Revenue $1,650 (credit)

July 18

Accounts Payable $1,200  (debit)

Cash $1,200 (credit)

July 20

Cash $3,632 (debit)

Accounts Receivable $3,632 (credit)

July 25

Trade Receivables $6,275 (debit)

Service Revenue $6,275 (credit)

July 31

Utilities : Gasoline  $297 (debit)

Cash  $297 (credit)

July 31

Capital $1,000 (debit)

Cash $1,000 (credit)

Adjustments:

July 31

Cash $2,476 (debit)

Deferred Revenue $2,476 (credit)

July 31

Depreciation $175 (debit)

Accumulated Depreciation $175 (credit)

July 31

Deferred Revenue $450 (debit)

Revenue $450(credit)

July 31

Insurance Expense $150 (debit)

Insurance Prepaid $150 (credit)

July 31

Supplies Inventory $521 (debit)

Income statement $521 (credit)

July 31

Wages $287 (debit)

Wages Payable $287 (credit)

Explanation:

Journal entries have been made for both the <em>transactions </em>and <em>adjustments </em>that occurred during the period.

Note : Revenue earned but not billed is recorded as a Liability known as Deferred Revenue. The liability is de-recognized later as the customers or service is billed.

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Answer:

d. bring suit against Pestro under Section 402A even though there is no privity.

Explanation:

Section 402A enforces strict liability for physical harm that is caused a by the product sold to a buyer by a seller.

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Privity is when a contractual relationship exists between different parties in a transaction.

In the given scenario even without a privity the parents of the children and the dogs can bring suit against Pestro under Section 402A even though there is no privity.

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There were a total of 90 people in the households, 10 of the people were children under 16, 10 of the people were retired but st
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Answer:

The unemployment rate is 42.85.

Explanation:

The formula to calculate the unemployment rate is:

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Unemployed People = 10 Retired persons + 5 stay-at home parents + 10 persons with no job + 5 persons who wanted job

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Mary's bakery is trying to determine what price to charge for her cookies, so mary places a low price on them and raises it each
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The impairment brought on by stress or other factors is not tested during random testing.Employees are subjected to random exams, which are probably inspections of their physical conditions to determine whether they are drug users and how their bodies have been impacted by drugs to the point where they are unable to perform their regular jobs.

Employees who are discovered to be using illicit drugs receive warnings and are fired from their positions.Any unannounced, without prior notice chemical screening for the presence of typically illicit narcotics in a sample of one's blood, hair, or urine is known as a "random drug test."Being unexpected and without prior notice, it is random. This is done to weed out workers who use heavy drugs, which frequently renders them ineffective or ineligible for employment.

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