4 years ago

The following transactions occur for the Wolfpack Shoe Company during the month of June:

Business

1 answer:

inessss [21]4 years ago

4 0

Answer:

Please see the attached snapshots for the answers.

Explanation:

Debit: Cash $30,000

Credit: Service Revenue $30,000

To record Service Revenue.

Debit: Supplies $20,000

Credit: Accounts Payable $20,000

To record purchase of supplies on account.

Debit: Salaries Expense $7,000

Credit: Cash $7,000

To record salaries Expense.

You might be interested in

While developing a new product line, Cook Company spent $3 million two years ago to build a plant for a new product. It then dec

Mariulka [41]

Answer:

Explanation:

This is an example of an externality, because the very existence of the building affects the cash flow for any new project that Rowell might consider.

3 0

3 years ago

Jahwana works for a large corporation with a 401(k) retirement plan. The company matches dollar for dollar the first 5% of the e

Gre4nikov [31]

Answer:

$8,000

Explanation:

Jahwana earns $40,000:

her 401k contributions = 15% x $40,000 = $6,000

Jahwana's employer contributes $1 per $1 that she contributes but only up to 5%, so her employee's 401k contribution = 5% x $40,000 = $2,000

total annual contribution = $6,000 + $2,000 = $8,000

7 0

3 years ago

Read 2 more answers

I’m tired of being broke! Help

Dennis_Churaev [7]

Answer:

ok its A

Explanation:

7 0

3 years ago

Read 2 more answers

Which of the following is true of debit cards?

8_murik_8 [283]

Answer:

Explanation:

5 0

3 years ago

Which economic policy was most successful during the Great Depression?

pychu [463]

The economic policy that was most successful during the Great Depression is (D) increased government spending. It is a common view among economists that government spending on the war at least accelerated from the recovery of the Great Depression. Well, as always, other think that it didn't play a vital role in recovery.

7 0

3 years ago