1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alex777 [14]
4 years ago
7

Prepare journal entries for each of the following

Business
1 answer:
vova2212 [387]4 years ago
7 0

Answer:

The Journal entries are as follows:

(a)  On March 1,

Petty cash A/c   Dr.  $1,000

To cash                                   $1,000

(To record petty cash fund)

(b) On April 1,

Repairs Expense A/c     Dr.  $600

Miscellaneous Selling Expense A/c   Dr. $56

To Cash Short and Over                                                 $29

To cash                                                                             $685

(To record cash short and over account.)

Notes:

Cash Short and Over = 1000 - (600 + 56 + 315)

                                   = $29

You might be interested in
In deciding how many hours to work, Beulah will make a choice that maximizes her _______; that is, she will choose according to
fenix001 [56]

Answer:

In deciding how many hours to work, Beulah will make a choice that maximizes her utility; that is, she will choose according to her preferences for leisure time and income.

Explanation:

People obtain utility from products they purchase and they also obtain utility from leisure time (leisure time is the time not spent at work). Generally, for people with low wages react to a higher wage by supplying a greater quantity of labor but for higher wages people who can earn so much that respond to a still-higher wage by working fewer hours.

8 0
3 years ago
Moon flower cosmetics company executives are aware that their asian customer base is interested in advanced skin care treatments
____ [38]
The answer to the question is a
6 0
3 years ago
During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 fo
tino4ka555 [31]

Answer:

Option (c) is correct.

Explanation:

Given that,

Labor costs = $175,000

Production order = $150,000

General factory use = $25,000

Factory overhead applied to production = $23,000

Therefore, the journal entry is as follows:

Work in process A/c Dr. $23,000

       To Factory overhead             $23,000

(To record the factory overhead applied to production)

6 0
3 years ago
By​ studying, Will can produce a higher​ grade, ​, on an upcoming economics exam. His production function depends on the number
Paul [167]

Answer:

c. 2.5A^0.36R%0.64/R.

Explanation:

Marginal productivity is the increase in amount of one unit of output with the one unit increase of input. Will can produce higher grade when he studies more hours. His grade will increase by one level when he studies more. His grade production function is the level of increase in his output.

6 0
3 years ago
You plan to visit Geneva, Switzerland in three months to attend an international business conference. You expect to incur the to
Serggg [28]

Answer:

A. 3403.75 dollars

B. 3150

C. 0.579

D. Is an attachment

Explanation:

A. We first find the premium cost

= 0.05x5000 x 1+0.06/4

= 250x1.015

= 253.75

From here we find expected dollar cost

= Exchange rate x units + premium

= 0.63x5000+253.75

= 3,403.75 dollars

B. Forward rate = 0.63

Total cost of dollar

= 0.63x5000

= 3150

C. The investor would be indifferent at 0.579

Forward rate = unit * future + premium

3150 = 5000 * future + 253.75

3150-253.75 = 5000*future

We solve and divide through by 5000

Future = 0.579

D is in the attachment

4 0
3 years ago
Other questions:
  • A firm will make a profit when A. P​ = MC. B. P​ = ATC. C. P​ > AVC. D. P​ > ATC.
    6·1 answer
  • Based on market research, a film production company in Ectenia obtains the following information about the demand and production
    15·1 answer
  • A client is visiting the prenatal clinic for the first time. While giving the nursing history the client states that her last me
    9·1 answer
  • Which response might be an answer to a fundamental question of economics of how much should be produced ?
    11·1 answer
  • We calculated the gains and losses from price controls on natural gas and found that there was a deadweight loss of $5.68 billio
    15·1 answer
  • Webster preferred stock pays an annual dividend of $6.20 a share. What is the maximum price you should pay today to purchase thi
    13·1 answer
  • A plan for a career starting in two years:
    12·1 answer
  • A producer of fixed proportion goods X and Y ( Q = QX = QY) has marginal costs and revenues of MC = 12 Q, MRX = 54 – 6 QX, MRY =
    11·1 answer
  • If the consumer price index increases from 200 to 240 in a one-year period, then the inflation rate is
    9·1 answer
  • Controls that regulate admission of users into trusted areas of the organization are commonly known as?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!