Assuming a company paid $2,000 cash to an employee for this month's salary. the entry to record this transaction would include a<u> </u><u>credit</u> to cash.
<h3>Journal entry</h3>
The appropriate journal entry to record the transaction assuming paid the amount of $2,000 cash to an employee for this month's salary is:
Journal entry
Debit Salary account $2,000
Credit Cash account $2,000
Therefore assuming a company paid $2,000 cash to an employee for this month's salary. the entry to record this transaction would include a<u> </u><u>credit</u> to cash.
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Answer:
B) Firms increase inventory because there is a risk of interruptions in the flow of production due to unreliable or highly variable process outcomes
Explanation:
Answer:
C. A Debit Rent revenue for $500.
Explanation:
The journal entry for receiving cash in advance is shown below:
Cash Dr $2,500
To Unearned rent revenue $2,500
(Being the advance cash collected)
But for recognize the revenue, i.e earned from rent, the entry is
Rent revenue Dr $500
To unearned rent revenue $500
(Being the unearned rent revenue is recorded)
Hence, the correct option is C.
Answer:
The question is not entirely correct, the discount is actually 2% not 3%
The correct answer is A,$196,000
Explanation:
The amount the Stowe-Arts Holdings co would receive from the customer is the invoice price less 3% of the invoice price as computed below:
cash receipt=invoice amount*(1-3%)
amount of cash=$200,000*(1-2%)=$196,000
The 3% produced an answer is not included as one of the options
Answer:
D. $93,600
Explanation:
In order to find the total dividends paid out to the preferred stockholders we need to find the dividend per share and then multiply it by 8,000 as there are 8,000 preferred shares.
Dividend per share =
par value * dividend rate
90*0.13=11.7
Total amount paid to stock holders=
Dividend per share * no of shares
11.7*8,000=93,600