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Morgarella [4.7K]
3 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]3 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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A company uses a process cost accounting system. Its Sewing Department's beginning inventory consisted of 50,000 units (1/4 comp
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Answer:

B Direct Materials 210,000; Conversion Cost 180,000

Explanation:

beginning inventory 50,000

start and finished   120,000

Complete and trasnferred-out 170,000

Convesion Cost:

Coplete and transferred-out     170,000

Ending Inventory 40,000 x 1/4 = 10,000

CC equivalent units                  180,000

DIrect Materials

Coplete and transferred-out         170,000

Ending Inventory 40,000x100%  = 40,000

DM equivalent units                       210,000

<u>Under W-A method we justdiscriminate on transferred-out and ending work in process.</u>

We don't do the difference between started and finished and beginning inventory.

8 0
3 years ago
15 points please help
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Answer:nenhuma das questões a cima

Explanation:

8 0
2 years ago
8) walter co. and sandburg industries report the following information at december 31: walter sandburg accounts receivable $41,0
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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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A deficit on the current account Multiple Choice means that a nation is making international transfers. has no relationship to t
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Answer:

The correct option is C

Explanation:

The deficit or shortage on the current account of the country, is defined as the measurement or determination of the trade of the company where the goods and the service value, it imports exceeds or increase the value of the products it exports.

The current account of the country states the foreign transactions of the country within the time period.

So, when there is deficit or shortage on the current account, it means that usually, it will cause deficit in the finance as well as the capital account of the country.

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The Doritos advertising effort of "Live Mas," which is Spanish for "Live More," is meant to suggest a lifestyle aspiration. If c
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C

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