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
PilotLPTM [1.2K]
3 years ago
7

Brown Company provided services to a customer and immediately collected $1,900 cash. Show how to record the transaction to the T

-accounts by completing the following sentence. Service Revenue would be
Business
1 answer:
hjlf3 years ago
8 0

Answer:

credited; right; debited; left

Explanation:

The journal entry to record this transaction is shown below:

Cash A/c Dr $1,900

     To Service revenue A/c $1,900

(Being the cash is collected)

It to be displayed in T accounts

For cash account

                                                               Cash

Debit side

Service revenue                    $1,900

For service revenue account

                                                    Service revenue

                                                                                      Credit side

                                                                                     Cash    $1,900

So, the cash account would be debited and would be displayed on the left hand side while the service revenue would be credited and  would be displayed on the right hand side

You might be interested in
Which of the following factors least constrains high performance in planning organizations?
Artemon [7]

Answer:

environment is the correct answer.

Explanation:

3 0
3 years ago
12. The equation: quantity of output supplied = natural rate of output + a(actual price level - expected price level), where a i
PtichkaEL [24]

Answer:a. an upward-sloping short-run aggregate supply curve

Explanation:

variable a represent an upward sloping short run aggregate supply curve.

The slope of the supply curve is positive which tells us that the quantity supplied has a positive relationship with Price.When price increases the quantity supplied will increase because the law of supply states that more quantity is supplied at a higher price

7 0
3 years ago
To explain the analogous relationship between the trail and the hike to the plant and inventory Alex makes the following stateme
wariber [46]

Answer:

True

Explanation:

In industry, inventory buildups are cancelled with increased sales and marketing activities, which attract rewards and punishments.  This is why it is always a taboo to observe idle workers.  Idle workers cost the entity much in expenses.  Workers are employed based on productivity and profitability indexes.  There is no business entity that employs workers for the fun of employment.

5 0
3 years ago
The mars company's new topeka, kansas, manufacturing plant is the first new facility the company has opened in north america in
Lerok [7]

It is a physical resource. A physical resource includes raw materials, buildings, facilities, machinery, energy, and supplies. Since the item in question is a manufacturing plan, it is a building/facility and therefor is a physical resource. This is a resource that is physically theirs and used for manufacturing their goods.

8 0
3 years ago
Read 2 more answers
a salesman bought 2 dozen television sets at $300 each. he sold two-thirds of them at a 25% profit but was forced to take a 30$
alukav5142 [94]

Original price: 24 times 300 = 7200

Making money: 0.25*(2/3)24*300 = 1200

Loss: 0.3*(1/3)24*300 = 720

Profit overall = 120–720 = $480

A good that is commonly accepted as a medium of economic exchange is money. It serves as the main determinant of wealth and the medium through which prices and values are expressed. It is used as a medium of exchange since it can move anonymously from one person to another and from one country to another.

The primary function of money is to enable a trade to occur without the dreaded double coincidence of barter by enabling the distinction between buying and selling.

Theoretically, credit may fulfil this need, but the supplier would need to know the probability of repayment before extending credit. In contrast to using money, this requires far more information on the customer and involves informational and verification fees.

Learn more about money here:

brainly.com/question/22984856

#SPJ4

7 0
1 year ago
Other questions:
  • When ur around 12 years old what time should ur bedtime be
    15·2 answers
  • According to the Zippo standard, websites that provide information but do not provide the opportunity to conduct online transact
    5·1 answer
  • A person with a higher level of education is _____
    8·2 answers
  • Select the correct answer from the drop-down menu. You are invited to your company’s special team lunch. would be the most appro
    9·1 answer
  • Congress enacts the Ad Restriction Act (ARA) to limit advertising in certain circumstances. The ARA will be considered valid il
    10·1 answer
  • At the end of the fiscal year, Kappa Pet Co. has an outstanding purchase commitment for the purchase of 1 million gallons of jet
    5·1 answer
  • Jeff jokingly offers to sell his farm to Ron for $100. Ron accepts, and demands the farm after giving Jeff his $100. What is Jef
    13·1 answer
  • A company has inventory of 17 units at a cost of $11 each on May 1. On May 5, they purchased 11 units at $16 per unit. On May 12
    14·1 answer
  • When preparing a statement of cash flows (indirect method), an increase in ending inventory over beginning inventory will result
    9·1 answer
  • The buyer of a put expects the price of the underlying stock to rise. <br><br> a. true <br> b. false
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!