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
Licemer1 [7]
3 years ago
5

On December 1st, Jackson Company sold merchandise with a selling price of $1,000 on account to Mr. Jenkins, with terms 3/10, n/3

0. Using the gross method and ignoring cost of goods sold, what journal entry did Jackson Company prepare on December 1st
Social Studies
1 answer:
ankoles [38]3 years ago
8 0

Explanation:

The journal entry is as follows:

On December 1

Account receivable A/c Dr $1,000

               To Sales revenue $1,000

(Being the sale of merchandise is sold)

While recording this given transaction, we debited the account receivable as it increases the asset account and credited the sales revenue account as this also increases the sales account. Both the accounts are recorded for $1,000

You might be interested in
What is the 1st amendment
bearhunter [10]
<span>United States Constitution prohibits the making of any law respecting an establishment of religion, impeding the free exercise of religion, abridging the freedom of speech, infringing on the freedom of the press, interfering with the right to peaceably assemble</span>
4 0
3 years ago
What caused many Georgians to migrate to northern cities
madreJ [45]

Answer:

During the years between 1916 and 1970, the vast majority (more than 90%) of African-American population have migrated from rural southern states to more urban north states.

The <em>main causes</em> are <em>economic issues</em>, along with poverty and unemployment on the one hand, and still prevalent <em>racial discrimination</em> in the South, on the other. It took place in fourteen southern states, with Georgia being the second most affected after Mississippi.  

7 0
3 years ago
Why Is the Sky Blue? ...
mario62 [17]

Answer:

Do aliens exist? yes noble penguin

Explanation:

6 0
2 years ago
Dr. Smith believes people who are very aggressive have become so because of their life experiences. Dr. Jones believes people ar
vredina [299]
The right answer is nature and nuture.
8 0
2 years ago
Where do international waters start for the united states?
Gala2k [10]
They extend from our shore into the continental shelf. Not to mention, we have an EEZ, or exclusive economic zone, which extends about 200 nautical miles from our shores. In this area, we have full economic jurisdiction.
6 0
3 years ago
Other questions:
  • How did jury know the rules that spelled out the meaning of homicide
    5·1 answer
  • A professor is not going to wear a nightgown to her classroom because this violates the social norms of the classroom setting. A
    15·1 answer
  • It is during a natural phenomenon such as a thunderstorm that huck uses his most artistic language. discuss huck's feeling about
    13·1 answer
  • What do sociologists mean by social construction?
    14·1 answer
  • How did the Battle of the Spanish Armada affect the Roanoke Colony
    14·1 answer
  • Michelle and Paul attended the funeral of a mutual friend. When others asked them how their friend's fiance was taking the loss,
    9·2 answers
  • Why was the election of 1824 considered corrupt?
    11·2 answers
  • If you don’t satisfy a judgment rendered against you for damages resulting from the operation of a motor vehicle within ___ days
    6·1 answer
  • The first explorer to bring back goods from China was
    7·2 answers
  • Read the section "Freezing-Cold Concert Halls."
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!