The Journal entry which Nicholson company will prepare on June 2 will be like when goods are returned the reverse entry is made which is
Accounts Payable A/c Dr. $480
Purchase Return / Inventory A/c Cr. $480
A journal entry is an act of recording any transaction, whether it is economic or not. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
Accounting journal entries are transferred from the journals and posted to the general ledger in order to record financial transactions in the accounting system. Modern accounting software handles the majority of this process automatically, but it's crucial to understand what's going on since there are instances when manual entries will need to be made to adjust or correct account balances at the conclusion of an accounting month.
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Answer:
d. $11.11 per unit
Explanation:
Plant wide overhead rate = Total manufacturing cotsts / Total direct labor hours
Plant wide overhead rate = ($2,530,000 + $900,000) / (168,000+110,000)
Plant wide overhead rate = $3,430,000 / 278,000
Plant wide overhead rate = $12.34 per DLH
Overhead cost per unit = Plant wide overhead rate * Direct hours per unit
Overhead cost per unit = $12.34 * 0.90
Overhead cost per unit = $11.11 per unit
Hi The type of insurance is called Bodily injury coverage
Answer;
C. Common in small businesses
Explanation;
-Unstructured Interview refers to an interview in which the questions to be asked to the respondents are not set in advance. These non-directive interviews are considered to be the opposite of a structured interview which offers a set amount of standardized questions.
-Unstructured interviews are much more casual and unrehearsed. They depend on free flowing conversation which tends to focus on your personal qualities as they relate to the work.
200,000,000(1.03)^70= 1,583,564,382
