Answer:
B) the sale of goods to a customer.
Explanation:
When goods are sold to a customer, the cost of goods sold account is debited by the same value that the finished goods inventory is credited.
For example, suppose a company sells $1,000 worth of goods to a customer, and the sales price is $1,200. The customer pays by cash the full value of the goods. The journal entry would be:
Account Debit Credit
Cash $1,200
Sales Revenue $1,200
Cost of Goods Sold $1,000
Finished Goods Inventory $1,000
The rapid spread of the banana fungus was caused by monocropping and not quarantining farm machineries and crops.
<h3>What is Quarantine?</h3>
This process involves the isolation of certain materials so as to prevent the spread of diseases.
This is important as it curbs the spread and ensures that large loss isn't recorded. In the case of the United Fruit company, it didn't happen which led to the proibelms faced.
Read more about United Fruit company here brainly.com/question/8749028
Answer:
Concept stage
Explanation:
The concept design stage is the stage of the design process that comes after the feasibility of the product has bee conducted and options or alternatives have been weighed with a decision and product specification documentation created. The concept stage design is the first design on the product showing the details of the product as contained in the specification documentation.
The answer is TRUE, self disclosure occurs over time with people from different backgrounds
Answer:
A Journal Entry was Entered for Hanson Leasing Company on January 2, 2021, and Debit to right-of-use asset= 113767
Explanation:
Solution
Given that:
The Journal Entry of Hanson Leasing Company on January 2, 2012
Equal annual payments =240000
X PV Annuity Due 8%, 5 periods = 4.31213
Present value of Equal annual payments=1034911
Residual value=150000
X PV Single 8%, 5 periods=0.68508
Present value of residual value=102762
Present value of Equal annual payments=1034911
Add: Present value of residual value=102762
Debit to right-of-use asset= 113767
