Answer:
Dr Cash $310,400
Dr Factoring expense$9,600
Cr Account receivable $320,000
Explanation:
Preparation of the journal entry to record the sale of the receivables on Morales Company's books.
Dr Cash $310,400
($320,000-$9,600)
Dr Factoring expense$9,600
($320,000*3%)
Cr Account receivable $320,000
(Being to record the sale of the receivables on Morales Company's books
Answer:
(d) Manufacturing Overhead $8,000 Raw Materials $8,000
Explanation:
This will be an spending associate with the actual overhead.
These materials are indirect, so it should go in the factory overhead account.
They are not associate with any job in particular, so it cannot be capitalize through work in process.
Answer:
Seller's proceeds = $66,300
Explanation:
Given:
Seller's costs = $14,700
Commission = $3,150
Excise tax = $650
Escrow fees = $250
Loan payoff = $126,000
Purchase price receive = $210,000
Refund on property taxes paid in advance = $1,050
Computation of seller's proceeds:
Seller's proceeds = (Purchase price receive + Refund on property taxes paid in advance) - (Seller's costs + Commission + Excise tax + Escrow fees + Loan payoff)
Seller's proceeds = ($210,000 + $1,050) - ($14,700 + $3,150 + $650 + $250 + $126,000)
Seller's proceeds = ($211,050) - ($144,750)
Seller's proceeds = $66,300
Answer:
Hackers probably and even if only one person leaks something, it'll travel fast.
Explanation:
Between the costs and customer service. Customer service is the arrangement of administration to clients sometime recently, amid and after a buy. The view of accomplishment of such communications is reliant on workers "who can modify themselves to the identity of the visitor".
