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
aev [14]
4 years ago
11

For the following transactions, prepare journal entries needed to adjust the company's books. (If no entry is required for a tra

nsaction/event, select "No Journal Entry Required" in the first account field.) a. Outstanding checks of $13,700. b. Bank service charge of $55. c. Deposit in transit of $4,000. d. Interest earned of $22.
Business
1 answer:
Illusion [34]4 years ago
4 0

Explanation:

The journal entries are as follows

a. For outstanding charges

No journal entry is required

b. For bank service charges

Office expenses Dr $55

      To Cash  $55

(Being the bank service charges are paid)

c. For deposit in transit

No journal entry is required

d. For interest earned

Cash Dr $22

     To Interest revenue $22

(Being the interest earned is recorded)

You might be interested in
In what sense is test marketing a special type of experiment? What are its main objectives?
s344n2d4d5 [400]
The objective of test marketing is to find the limitations and strengths of the product based on customers' reactions. It also helps us to structure the marketing strategy of that product. A test marketing campaign aims to predict the revenue model (sales, profit, pricing).
5 0
2 years ago
Cars typically loss the most value in the first year after purchase
uranmaximum [27]
SORRY I NEED MORE INFO what exactly are you looking for?
5 0
4 years ago
Which statement best summarizes the role of businesses in the flow of
Tems11 [23]

Answer: D

Explanation:

apex

5 0
3 years ago
Last month, a processing facility (such as a check processing facility or a distribution center) transitioned from an unpaced as
bija089 [108]

Answer: b. Quality problem occurs

• c. It tends to decrease with the growing degree of division of labor

Explanation:

From the scenario on the question, the most likely thing to result is for quality problems to occur. Quality simply has to do with the extent to which a particular product satisfies already specified requirements.

Based on the scenarios such as the worker at the bottleneck station being replaced by another worker who works more slowly than the original worker, the quality will be affected.

Division of labor is when task are being delegated in a workplace so that efficiency can be improved. When there is a rise in the division of labor, learning is affected as there'll be a decrease as division of labor increases. This is because everyone has his or her role to play rather than learning more about other departments or roles, the worker will be typically focused on one role.

7 0
3 years ago
A negative externality occurs when Question 16 options: the private marginal costs are equal to the social marginal costs. the p
lana66690 [7]

When a negative externality exists, the marginal social cost is always higher than the marginal private cost. So, the correct answer is option A the private marginal costs are less than social marginal costs.

<h3><u>What is a negative externality?</u></h3>

When the manufacturing process has a negative impact on unconnected third parties, this is referred to as a negative production externality. For instance, manufacturing facilities contribute to noise and air pollution throughout the production process.

<h3><u>What happens when a negative externality exists?</u></h3>

The marginal social cost and the marginal private cost are no longer equal when a market has negative production externalities. As a result, the supply curve (which indicates the marginal private cost) does not accurately reflect the marginal societal cost and the social cost is instead larger due to the externality's per-unit cost.

You can learn more about negative externality using the following link:

brainly.com/question/13901028

#SPJ4

7 0
2 years ago
Other questions:
  • A company is investing in a solar panel system to reduce its electricity costs. The system requires a cash payment of $125,374.6
    15·1 answer
  • Franklin has $2,500 in a savings account that pays interest at the rate of 4% annually. how much interest will he earn after one
    7·1 answer
  • Helping others who need help on the job is important, regardless of the cost to me.
    9·1 answer
  • Eastman Publishing Company is considering publishing an electronic textbook about spreadsheet applications for business. The fix
    5·1 answer
  • Advantage of
    7·1 answer
  • The Digby company will sell 100 units (x1000) of capacity from their Drat product line. Each unit of capacity is worth $6 plus $
    5·2 answers
  • Omega Corp. has entered into a transaction with Lively Inc. Omega Corp will give its equipment to Lively Inc. in exchange for Li
    14·1 answer
  • Tanner-UNF Corporation acquired as a long-term investment $300 million of 6% bonds, dated July 1, on July 1, 2021. Company manag
    5·1 answer
  • For the backpack buyer, note the importance of each of the five main characteristics under PREFERENCES and consider each in term
    10·1 answer
  • Knowledge Check 01
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!