When a client has a massage and then asks the company to mail the bill to him/her, the bookkeeper of the company will decide what entry to make. The bookkeeper is the person who is in charge of all the accounts and makes sure the accounts are up to date and each client pays their bills. In this case, the bookkeeper will enter on the invoice; accounts receivable, debit; fees earned, credit. Then the bookkeeper will send the invoice to the client at the end of the business month to be paid.
Answer:
Debit to sales discounts for $100
Explanation:
Please see journal entry to record the sales below;
a. Dr accounts receivable $5,00
To sales revenue account $5,000
(Being merchandise that is sold on credit basis)
Suppose payment is made within 10 days, the journal entry will be;
Dr Cash account $4,900
Sales discount account $100
(5,000 × 2%)
To accounts receivable $5,000
(Being cash that is received)
D.Accounts Receivable are also called trade receivables.
This is because the account receivables were earned by practicing your trade or doing your business.
Answer:
b. A term loan
Explanation:
A term loan is a type of loan that has a series of fixed payments with an interest rate, which can also be fixed, or unfixed.
The word fixed payment means that the payments have a specific date in which to be made.
In this case, Timini Inc is using a term loan to finance its operation because the bank mandates Timini Inc to return the borrowed amount with a regular schedule of fixed payments.
Albertson's grocery planned a big sale on apples and received 910 crates from the wholesale market. The bags of apples prepared is mathematically given as
x= 8 bags
This is further explained below.
<h3>How many bags of apples can be prepared?</h3>
Generally, A economy is a place where customers can meet to allow the flow of money transfer of goods and services. Markets can be physiological like a retail establishment, or virtual like an e-retailer.
In conclusion, If Albertsons has no loss to perishables, the bags of apples he can prepare are given mathematically as
x=910/110
x= 8.2 bags
x ≈ 8bags
Read more about Market
brainly.com/question/13414268
#SPJ1
