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
Diano4ka-milaya [45]
2 years ago
12

On June 7, Pixer Co. sells $1500 of merchandise to Jasmine Co. on account. Jasmine Co. pays for this merchandise on June 21. a.

Prepare the entry on Pixer's books to record the sale. b. Prepare the entry on Pixer's books to record the receipt of payment.
Business
1 answer:
Musya8 [376]2 years ago
7 0

Answer:

a.

Debit Accounts Receivable $1,500

Credit Sales $1,500

b.

Debit Cash $1,500

Credit Accounts Receivable $1,500

Explanation:

On June 7, Pixer Co. sells $1500 of merchandise to Jasmine Co. on account.

Pixer's books records the sale by the entry:

Debit Accounts Receivable $1,500

Credit Sales $1,500

On June 21, Jasmine Co. pays for this merchandise. Pixer's books records the receipt of payment by the entry:

Debit Cash $1,500

Credit Accounts Receivable $1,500

You might be interested in
• define the market process, the command process, and the traditional process. How does each process deal with the basic questio
kupik [55]

Answer:

Set Objectives. Start with setting marketing objectives. ...

Do Your Research. The market research you do will drive the decisions you make when deciding upon your marketing strategy. ...

Make Decisions. ...

Write It Down. ...

Summary.

4 0
2 years ago
Suppose the United States has a comparative advantage over Mexico in producing pork. The principle of comparative advantage asse
vichka [17]

Answer:

d. Mexico has nothing to gain from importing United States pork.

Explanation:

The principle of comparative advantage asserts that countries (in this case Mexico) are better off importing certain goods (in this case pork), given that the opportunity cost of importing such goods are less in comparison to the production costs of manufacturing them within the country.

By definition, a country is said to have a <em>comparative advantage</em> over another, when they can produce a certain good or service at a lower marginal or opportunity cost.

6 0
3 years ago
Tom's Textiles shipped the wrong material to a customer, who refused to accept the order. This is an example of a:-Sales revenue
Angelina_Jolie [31]

Answer:

Sales return

Explanation:

Sales return when a customer is not satisfied with a product, refuses to accept the order and expects to receive back the whole amount of money he paid for it.

Tom's Textiles are at wrong here as they shipped the wrong material to a customer. The customer is allowed not to accept the order and all the money he paid must be reimbursed to him. The company should apologize for the mistake in a pleasant manner, as mistakes happen everyday and can be corrected quickly and efficiently.  

3 0
3 years ago
Coccia Co. wants to issue new 20-year bonds for some much-needed expansion projects. The company currently has 8 percent coupon
Gre4nikov [31]

Answer:

7.28%

Explanation:

For this question we use the RATE formula that is shown in the attachment below:

Provided that

Present value = $1,075

Assuming figure - Future value or Face value = $1,000  

PMT = 1,000 × 8% ÷ 2 = $40

NPER = 20 years × 2 = 40 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this, the coupon rate is

= 3.64% × 2

= 7.28%

6 0
3 years ago
A feature of monopoly that leads to unfavorable consequences is that it:
sammy [17]
Generally, prices are inflated when there are fewer choices.  
6 0
3 years ago
Other questions:
  • The income statement, balance sheet, and additional information for Video Phones, Inc., are provided.
    7·1 answer
  • You observe the following information regarding Companies X and Y: ∙ Company X has a higher expected return than Company Y. ∙ Co
    7·1 answer
  • Concerts in arenas are not excludable because it is virtually impossible to prevent someone from seeing the show.
    15·1 answer
  • Which of the following is a clear benefit of international marketing? expands the customer base for products and services allows
    14·1 answer
  • Kodak was once the largest supplier of photographic film. In 2004 it was dropped from the Dow Jones Industrial Average after hav
    10·1 answer
  • What do we do in case of Coronavirus.​
    7·1 answer
  • It is important negotiators consider the shadow negotiation carefully before meeting with the other party so they:________
    14·1 answer
  • Even Better Products has come out with an even better product. As a result, the firm projects an ROE of 20%, and it will maintai
    10·1 answer
  • Property rights created from marriage have a clear implication for real estate transactions. Which of the following marital prop
    6·1 answer
  • On January 1, 2021, Red Inc. issued stock options for 210,000 shares to a division manager. The options have an estimated fair v
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!