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olganol [36]
3 years ago
14

The ledger of Windsor Company at the end of the current year shows Accounts Receivable $149,000, Sales Revenue $853,000, and Sal

es Returns and Allowances $23,000. Journalize the following independent situations.
Business
1 answer:
nadya68 [22]3 years ago
5 0

The sales revenue will be recorded in the comprehensive Income after net of sales return.

The account receivables shows the credit sales made and the amount not recovered till yet from the customers.

Hence sales will come at top of profit and loss.

Sales return will come in noted to the financial statements in sales note.

And account receivables will be shown in balance sheet as current asset.

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A feasibility study is aimed primarily at __________.
swat32

Answer:

accessing the viability of a business

Explanation:

Feasibility study is an evaluation that is carried out on a proposed business venture in order to ascertain the viability of the business.   feasibility study helps to understand the positive and negative effects of the proposed business and prepare ones mind against any future risks that might want to arise. The feasibility study is aimed primarily at accessing the viability of a business

8 0
3 years ago
When an employee works in year 1 but is paid in year 2, the company must recognize an expense in years) ______.
Ivanshal [37]

When an employee works in year 1 but is paid in year 2, the company must recognize an expense in years 1 only.

An expense is the monetary value of tasks that an organization causes to create income. As the well-known saying goes, "it costs cash to bring in cash.

Normal expenses incorporate installments to providers, worker compensation, manufacturing plant leases, and hardware devaluation.

Organizations are permitted to discount charge deductible costs on their annual government forms to bring down their available pay and hence their assessment obligation.

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4 0
1 year ago
Amex Corporation invests excess cash to purchase $25,000 in corporate bonds on March 30, 2018. In addition to the $25,000, Amex
damaskus [11]

Answer:

b. a debit to Held-to-Maturity Debt Investments for $26,000

Explanation:

Investment in corporate bonds is considered as Held-to-Maturity Debt investments.

Date           Accounts Title and Explanation                Debit       Credit

30 Mar 18   Held-to-Maturity Debt investments          $26,000

                   [$25,000 + $1,000)

                           Cash                                                                     $26,000

                  (To record an investment in bonds)

Therefore, in the journal entry, it is debited to Held-to-Maturity Debt investments for $26,000

7 0
3 years ago
8) walter co. and sandburg industries report the following information at december 31: walter sandburg accounts receivable $41,0
True [87]

Walter Co. is a manufacturer because it uses raw materials, and has a stock of merchandise inventory, work-in-progress inventory, and finished goods inventory. The current assets of Walter Co. will be:

Current Assets:

Cash                                                          6,000

Inventories

Raw materials inventory       21,000

Work in progress inventory  40,000

Finished goods inventory      25,000

Merchandise inventory           48,000

Total inventory                                      1,34,000

Other assets

Accounts receivable                               41,000

Prepaid expenses                                     1,000

Current assets                                                               2,22,000

A manufacturing company is a company that takes in raw materials processes the raw materials and then sells the finished goods manufactured in the market. So the current assets section of the balance sheet of Walter Co. is given which will be written on the right side of the balance sheet.

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3 0
1 year ago
Asynchronous Testing of 2 Specimen-Diversion Devices to Reduce Blood Culture Contamination: A Single-Site Product Supply Quality
jasenka [17]

Skin antisepsis kits having alcohol and chlorhexidine gluconate or tincture of iodine are associated with low rates of blood culture contamination.

<h3>Skin antisepsis kits</h3>

Skin preparation is an important factor in declining the rate of blood culture contamination. We evaluated blood culture contamination rates associated with the use of skin antisepsis kits including either 2% alcoholic chlorhexidine gluconate or 2% alcoholic tincture of iodine.

Contamination of blood cultures is a typical problem, with rates for organizations ranging from 2% to more than 6%. Most contaminants produced from blood cultures are indigenous human microbial flora. Careful skin practice is an important factor in reducing the rate of blood culture contamination.

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6 0
1 year ago
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