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
guapka [62]
3 years ago
12

Information related to Sheridan Company:

Business
1 answer:
Vladimir [108]3 years ago
7 0

Answer:

Oct 1.

Cash $19,900 (debit)

Common Stock $19,900 (credit)

Oct 3.

Office Furniture $2,100 (debit)

Trade Payable $2,100 (credit)

Oct 6.

Trade Receivable:  N. Fennig $3,250 (debit)

Revenue $3,250 (credit)

Oct 27.

Trade Payable $900 (debit)

Cash $900 (credit)

Oct 30.

Salary Expense : Administrative Assistant $2,650 (debit)

Cash $2,650 (credit)

Explanation:

In all non-cash entries remember to observe the <em>Accrual</em> or <em>Matching</em> Principle.Thus, transactions must be recorded when they accrue or incur not when they are paid.

You might be interested in
The ability of marketers to identify customers before they make a purchase is
pishuonlain [190]
This would be defined as addressability.

Hope this helped fully! If you need any further clarification or defining, let me know.

5 0
3 years ago
Consumer protection laws might result in:
motikmotik

I believe the answer is: A. Fewer unwanted telemarketing calls

The consumer protect laws allow the consumers to report business practices that violate their privacy or comfort (which is what many of them consider unwanted telemarketing calls are). The protection law could also prevent the price from goes too high, but it would not necessarily lower the average prices.

5 0
3 years ago
Read 2 more answers
High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding
alexandr1967 [171]
The person above me is right
7 0
3 years ago
Read 2 more answers
Search... Unlock all answers JOIN FOR FREE jswagballerlife4060 01/08/2020 Business College answered LO 5.3Direct material costs
Tomtit [17]

Answer:

$130,000

Explanation:

Calculation to determine the value of the inventory transferred to the next department

First step is to calculate the Cost per unit

Using this formula

Cost per unit = Direct material costs + Direct labor costs + Overhead

Let plug in the formula

Cost per unit=$3+$5+(100%*$5)

Cost per unit = $3 + $5 + $5

Cost per unit = $13

Second step is to calculate the inventory transferred using this formula

Inventory transferred = Beginning inventory + Started Inventory - Ending inventory .

Let plug in the formula

Inventory transferred = 2,000 + 9,000 - 1,000

Inventory transferred = 10,000 units

Now let calculate the value of the inventory transferred

Using this formula

Value of inventory transferred = Inventory transferred × Cost per unit

Let plug in the formula

Value of inventory transferred = 10000 × $13

Value of inventory transferred = $130,000

Therefore the value of the inventory transferred to the next department is $130,000

8 0
3 years ago
What is a co-operative risk sharing plan
finlep [7]
The co-operative risk sharing plan is that the person who you are working with can go "out" from the co-operative plan and share with another persons your plan.
3 0
3 years ago
Other questions:
  • All credible conceptual models of education have two objectives. they are
    5·1 answer
  • List four.characteristics of an application that would influence the electric motor selection
    7·1 answer
  • A thirty-year U.S. Treasury bond has a 4.0 percent interest rate. In contrast, a ten-year Treasury bond has an interest rate of
    10·1 answer
  • On January 1, 20X9, Pirate Corporation acquired 80 percent of Sea-Gull Company's common stock for $160,000 cash. The fair value
    6·1 answer
  • A difference between strategic and tactical goals is that: a. strategic goals are more specific than tactical goals. b. strategi
    5·2 answers
  • Lemon N' Honey is a juice manufacturing company in the United States. It exports its products to Australia, licenses to China, h
    15·1 answer
  • A U.S. company purchased inventory on account at a cost of 1,000 foreign currency units (FCU) from a non‐U.S. company on Novembe
    8·1 answer
  • Here are the U.S. tax rates and their corresponding tax brackets based on filing status for single individuals (i.e. not corpora
    11·1 answer
  • Please help!!
    14·2 answers
  • mcgraw hill Question Mode Multiple Choice Question Upper-echelons theory views organizational outcomes as a reflection of the va
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!