The entry that Lane will make to record the receipt of cash will include a credit to the: a. Accounts Receivable.
<h3>What is Accounts Receivable?</h3>
Accounts Receivable can be defined as the amount a company is expected to receive from their clients or customers for the goods and service they rendered to their clients.
Based on the information given the appropriate journal entry to record the transactions is:
Debit Cash
Credit Account receivable
(To record the receipt of cash)
Inconclusion the entry that Lane will make to record the receipt of cash will include a credit to the: a. Accounts Receivable.
Learn more about account receivable here:brainly.com/question/24848903
Explanation:
The journal entry to close the books is
Cost of Goods sold A/c Dr $1,200
To Manufacturing Overhead A/c $1,200
(Being the under-applied overhead is recorded)
Since the jobs were undercosted, that means the overhead is applied under overhead so we debited the cost of goods sold account and credited the manufacturing overhead account. Both the items are recorded for $1,200
Answer: d. $45,000 should be debited to Land Improvements.
Explanation:
Land improvements records any moderation to land asset that is expected to add to its value and lasts for more than a year.
The paving and lighting of the parking area will add value to the area and will last longer than a year so both should go to the Land improvement account. As this account is an asset account, it will be debited when increased:
= 30,000 + 15,000
= $45,000
Answer:
Explanation:
I think it is d
It is the only non degrading answer
Assume that there is no way to prevent someone from using an interstate highway, regardless of whether or not he or she helps pay for it. This characteristic is associated with <u>Public goods</u>
Explanation:
Public goods are also known as non-exclusionary goods. This means that no one can be left out from the collective use of the goods for not paying to use it. These goods are meant for collective good. Some of the examples include roads, health, parks to name a few.
An Interstate highway maintained by a state authority is open for all its citizen. Since there is no way a state can prevent anyone from using it based on their payment it qualifies for the characteristic of being a public good.
