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4 years ago

9

Journalizing the entry to record a job completed would include a debit to a.Finished Goods b.Factory Overhead c.Work in Process

d.Cost of Goods Sold

1 answer:

Studentka2010 [4]4 years ago

4 0

Answer:

a.Finished Goods

Explanation:

The journal entry to record when a job is completed is shown below:

Finished goods A/c Dr XXXXX

To Work in process A/c XXXXX

(Being the job is completed)

When a job is completed we debited the finished goods account as the job is completed and credited the work in process account so that the proper posting could be done

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Answer:

I will take $36,230.5 to pay for the education of child.

Explanation:

Cash Invested in the saving account will earn a return of 8% each year and this amount could be withdrawn by the me to pay for the education of child.

We will use following formula to calculate the annual payments

P = r ( PV ) / [ 1 - ( 1+ r )^-n ]

where

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n = number of period = 4 years

P = 8% ( 120,000 ) / [ 1 - ( 1 + 0.08 )^-4 ]

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3 years ago

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3 years ago

1-a. Allocate the lump-sum purchase price to the separate assets purchased. 1-b. Prepare the journal entry to record the purchas

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Answer:

1. a. Allocated prices

First add the market values = 444,150 + 255,150 + 56,700 + 189,000 = $945,0

00

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= 56,700/945,000 * 830,000 = 189,000/945,000 * 830,000

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Date Account Details Debit Credit

Jan. 1, 2017 Building $390,100

Land $224,100

Land improvement $49,800

Vehicles $166,000

Cash $830,000

2. Depreciation on building using straight-line method.

= (390,100 - 28,000) / 15

= $‭24,140‬

3. Depreciation on land improvements using double declining method.

First do straight line:

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= $9,960

Straight line rate of depreciation = 9,960/49,800 = 20%

Double declining will be twice that rate = 40%

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3 years ago

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aleksandr82 [10.1K]

Answer:

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