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3 years ago

The Marchetti Soup Company entered into the following transactions during the month of June:_________.

Business

1 answer:

Delvig [45]3 years ago

8 0

Answer: Please find answers in the explanation column

Explanation:

a.) journal entry to record purchase of inventory on account by the company

Date Accounts Debit Credit

June Inventory $245,000

Accounts payable $245,000

b.) journal entry to record for the payment of salaries to the employees

Date Accounts Debit Credit

June Salaries and wages expenses $60,000

Cash $60,000

c1.) journal entry to record the sale of merchandise to customers

Date Accounts Debit Credit

June Cash $300,000

Sales Revenue $300,000

c2.) journal entry to record the cost involved in the sale of merchandise to customers

Date Accounts Debit Credit

June Cost of goods sold $160,000

inventory $160,000

d.) journal entry to record the cash collected from the customers

Date Accounts Debit Credit

June Cash $280,000

Account receivable $280,000

e.) journal entry to record the payment of cash to the suppliers of inventory

Date Accounts Debit Credit

June Account payable $225,000

Cash $225,000

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Answer:b. A career is a series of steps or accomplishments working towards a lifelong ambition or goal.

Explanation:

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2 years ago

During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 fo

Vadim26 [7]

Answer:

Correct option is D

Explanation:

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3 years ago

Windsor Hospital purchases $90,000 in surgical equipment on October 1, Year 1. The useful life is estimated to be 5 years, and t

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Answer:

The depreciation expense for year 1 is $16,000

Explanation:

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= $\dfrac{(original\ cost - residual\ value)}{(useful \ life)}$

= $\dfrac{(\$90,000 - \$10,000)}{(5 \ years)}$

= $16,000

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3 years ago

How many months will it take to pay off a $470 debt, with monthly payments of $20 at the end of each month, if the annual intere

amm1812

Answer:

28 month (approx)

Explanation:

Given

Present value = $470

Monthly Payment = $20

Interest Rate = 15% annual = 15% / 12 = 1.25% monthly

=0.0125

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3 years ago

A trade union representing workers in particular job categories acts as a(n) ____________ when it attempts to influence policy.

Sveta_85 [38]

The trade union acts as AN INTEREST GROUP. An interest group refers to a group of people that seeks to influence public policy on the basis of a specific common concern or interest. An interest group can fall under one of two categories which are economic and non-economic interest groups.

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3 years ago