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3 years ago

Transactions for Sheridan Company for the month of June are presented below.

Business

1 answer:

kobusy [5.1K]3 years ago

6 0

Answer:

The journal entries are as follows:

(i) On June 1,

Cash A/c Dr. $5,890

To Owner's capital $5,890

(To record the issue of common stock)

(ii) On June 2,

Equipment A/c Dr. $1,240

To Accounts payable $1,240

(To record the purchase of equipment on account)

(iii) On June 3,

Rent Expense A/c Dr. $670

To cash $670

(To record the payment of rent)

(iv) On June 12,

Account receivable A/c Dr. $880

To service revenue $880

(To record the service provided on account)

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2 years ago

If total liabilities increased by $6,000 and the assets increased by $8,000 during the accounting period, what is the change in

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4 years ago

Burton Pharmaceuticals is a fast-growing drug company based in Dallas. Top executives at Burton realize that human capital plays

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Answer:

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3 years ago

Brian, the operations manager in a company that manufactures light bulbs, calculates the daily productivity at the factory by de

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Answer:

A) partial productivity

Explanation:

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in the example above, Brian examine the number of tungsten filaments.

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3 years ago

Data for Hermann Corporation are shown below:

timama [110]

Answer:

1) Yes monthly advertising budget should be increased as it increases the sales by $ 9000 even then there would be profit of $ 4000

2) the net operating income will increase by (38,000-24,000) = $ 14,000

Explanation:

Given

Sales 2000 units for $ 90 = $ 180,000

Variable Expenses = $126,000

Contribution Margin = $ 54,000

Less Fixed Expenses = $ 30,000

Operating Income = $ 24,000

1) Yes monthly advertising budget should be increased as it increases the sales by $ 9000 even then there would be profit of $ 4000

2) the net operating income will increase by (38,000-24,000) = $ 14,000

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4 years ago