Answer:
The answer is given below
Explanation:
<em>From the question given, we resolve the issue as follows:</em>
<em>Hotwax purchased $62,000 in raw materials</em>
<em>The mixing department requisitioned $50,000 of those materials for use in production.</em>
<em>We prepare a journal entries to record its purchase of raw materials and requisition of direct materials.</em>
<em>Raw materials Inventory = $62,000 </em>
<em> Cash = $62,000</em>
<em>Wip 50,000</em>
<em>Raw materials Inventory = $50,000</em>
Answer:
Journal entry is given below
Explanation:
To record the payment of interest and the discount amortization at the end of period 1 we should debit the Interest expense and credit cash and discount
DATA
Interest expense in year 1 = $38,936
Interest to be paid = $36,450
Discount amortization = $2,486
Entry DEBIT CREDIT
Bond interest expense $38,936
Cash $36,450
Discount on bonds $2,486
Answer:
Debit Balance as per Cash Book - i - ii + iii = Credit Balance as per Passbook.
Explanation:
Bank Reconciliation Statement is a statement drawn at the end of accounting period, to adjust the mismatch between bak balance as per cashbook & passbook.
Debit Balance as per Cash Book = $ 22970
Less : Receipts added in cashbook, but not passbook = (1885)
Less : Bank service fee deducted from passbook, not cashbook = (55)
Add : Cheques written but not deducted from passbook = 1460
Credit Balance as per passbook = $ 22490
Answer:
B
Explanation:
according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied
in this question, there was only a change in price but no change in the quantity supplied.
so a change in supply and not a change in the quantity supply occured
determine supply per price
400 / 6 = 67
400 / 4 = 100
supply increased
<span>The late 1800's is known as the "production era" of marketing. It lasted from the 1860's to the 1920's, and entailed lowering costs of production, and therefore lower product costs for consumers as a result of the industrial revolution. Essentially, products were marketed by passing along the cost savings of mass production to consumers.</span>
