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Morgarella [4.7K]
4 years ago
13

Received a $665 deposit from a customer who wanted her piano rebuilt in February. Rented a part of the building to a bicycle rep

air shop; $685 rent received for January. Delivered five rebuilt pianos to customers who paid $18,675 in cash. Delivered two rebuilt pianos to customers for $9,600 charged on account. Received $8,000 from customers as payment on their accounts. Received an electric and gas utility bill for $395 for January services to be paid in February. Ordered $1,255 in supplies. Paid $2,600 on account in January. Paid $12,200 in wages to employees in January for work done this month. Received and paid cash for the supplies in (g).
Business
1 answer:
andrey2020 [161]4 years ago
4 0

Answer:

1. Dr Cash 665

        Cr Advance from customer   665

2. Dr Cash  685

           Cr     Other income   685

3. Dr cash   18675

      Cr   Account receivable    18675

4. Dr Account receivable     9600

          Cr        Sales revenue         9600

5. Dr Cash     8000

             Cr Account receivable      8000

6.Dr Utility expense   395

            Utility expense payable     395

7. Dr Supplies   1255

         Cr            Accounts payable   1255

8. Dr Accounts payable   2600

               Cr Cash                    2600

9.Dr Salaries and wages expense   12200

                 Cr Cash                                        12200

Explanation:

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Recently, much of the Western United States experienced drought conditions and water usage was restricted in Denver. Yet, even t
Savatey [412]

Answer: Price inelastic.

Explanation:

In Denver as described in the question the demand for water is price inelastic as it doesn't change regardless of changes in price of water. An item is said to be price inelastic if the demand remains the same regardless of price rise or fall of that item.

8 0
3 years ago
Naomi has a home loan amount of $120,000. Her monthly principal and interest payment is $679.00 for thirty years. How much inter
Viktor [21]

Answer:

$124,440

Explanation:

Given a monthly principal and interest payment of $679, over the 30 year period, Naomi would have paid back

$679 * 30 year * 12 months in a year

= $244,440

With a loan amount of @120,000, the interest portion of the total repayment is therefore = total repayment less the loan amount

= $244,440 - $120000

= $124,440.

8 0
3 years ago
Under the allowance method, Bad Debt Expense is recorded
AVprozaik [17]
The correct option is A.
Under the allowance method, bad debt expense is recorded FOR AN AMOUNT WHICH THE COMPANY ESTIMATES IT WILL NOT COLLECT.
Allowance method is a method of accounting that is used to estimate the amount of uncollectibles at the end of each financial period. Uncollectibles refers to debts which the company has no hope of ever collecting them again.
3 0
3 years ago
If demand for a good is extremely elastic, raising the price of that good typically has what effect on total revenue?.
Lady bird [3.3K]

If demand for a good is extremely elastic, raising the price of that good typically has what effect on total revenue---  decreases

If demand is elastic at a given price level, then should a company cut its price, the percentage drop in price will result in an even larger percentage increase in the quantity sold—thus raising total revenue. However, if demand is inelastic at the original quantity level, then should the company raise its prices, the percentage increase in price will result in a smaller percentage decrease in the quantity sold—and total revenue will rise.

Demand elasticity :

Demand elasticity is the change in quantity demanded per change in a demand determinant. Although there are several demand determinants, such as consumer preferences, the main determinant with which demand elasticity is measured is the change in price. Businesses are particularly interested in price elasticity, since it measures by how much total revenue changes with the price.

Learn more about demand elasticity :

brainly.com/question/22172669

#SPJ4

8 0
2 years ago
Bạn học được gì trong quản trị nhân sự và đào tạo phát triển nhân lực
IgorC [24]

Explanation:

I. Do. Not. Know. Your. Language. Sorry.

3 0
3 years ago
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