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
love history [14]
3 years ago
12

How to solve this problem please help me​

Business
1 answer:
Svetach [21]3 years ago
4 0

Answer:

Date                                Particulars Debit Credit

Inventory                                        40,000  

Accounts Payable - Gita                          30,000  

Bank                                                           10,000  

   

Accounts Receivable - Jeewan          7,000  

Sales                                                           7,000  

   

Cost of Goods sold                          10,000  

Inventory                                                      10,000  

   

Accounts Payable - Gita                   15,000  

Discount Received                                      1,000  

Cash                                                              14,000  

   

Cash                                                    6,500  

Discount Received                             500  

Accounts Receivable - Jeewan                       7,000  

Explanation:

It is required to record journal entries of given transactions. It is shown on the question that transactions includes purchase, sales, cash receipts and cash payment.  The first transaction describe that business purchase goods from Gita while in second transaction it shows the business sold goods on Credit. The third transaction indicates business paid cash to accounts payable and received discount. The fourth transaction indicates that business received cash from Jeewan a Receivable and received discount from them.

You might be interested in
based on rankings by forbes in 2003, the second-largest source country of multinational enterprises was .
Harlamova29_29 [7]

based on rankings by forbes in 2003, the second-largest source country of multinational enterprises was Japan.

What is multinational enterprises?

A corporate entity that owns and manages the production of goods or services in at least one nation other than its own is referred to as a multinational firm. Coca-Cola, Unilever, Pepsi, Starbucks, McDonald's, BMW, Suzuki, Samsung, etc. are a few instances of international corporations.

Therefore,

based on rankings by forbes in 2003, the second-largest source country of multinational enterprises was Japan.

To learn more about multinational enterprise from the given link:

brainly.com/question/494475

6 0
1 year ago
On May 3, 2020, Concord Company consigned 80 freezers, costing $540 each, to Remmers Company. The cost of shipping the freezers
NeX [460]

Answer:

a) $22,010

b) $3,780

c) $25,790

Explanation:

a) In calculating the value of inventory still left, the total value needs to be calculated first,

= (80 freezers * $540) + $820 ( transport fees)

= 43,200 + 820

= $44,020

40 out of 80 freezers have not been sold so,

= 40/80 * 44,020

= $22,010

b) In calculating the profit, subtract the expenses from the sales

Sales = 40 * 700

= $28,000

= 28,000 - Cost of refrigerators - commission of 6% of sales - advertising - installation

= 28,000 - 22,010 - (28,000*0.06) - 180 - 350

= $3,780

c) The amount remitted by the consignor will be,

= Sales - commission - advertising - installation

= 28,000 - (28,000 * 0.06) - 180 - 350

= $25,790

7 0
2 years ago
____________ is a management application that takes a deterministic approach in evaluating decisions regarding current and futur
a_sh-v [17]

Answer:

Menu engineering

Explanation:

The interdisciplinary study of profitability and popularity of the strategic layout of menu items is referred to as menu engineering. It also deals with menu pricing, design, and content. A grid is also used to evaluate decisions regarding current and future menu content. It is also a management application.

5 0
3 years ago
Small business loans are easier to get if
djverab [1.8K]
The answer is A. The owner has a lot of his own money invested in the business.
3 0
3 years ago
Make a list of things that should be considered while managing a factory or an industry
riadik2000 [5.3K]
Quality Control is Essential

Get Prototypes Sorted First

Form Positive Working Relationships

Sorting the Premises

Bankrolling the Business

Understand the Legalities
6 0
2 years ago
Other questions:
  • Which activity relates to the strategy of transferring risk
    8·2 answers
  • In the underground city of Neverwhere, GDP is $15 trillion, consumption is $10 trillion, and government spending is $2.5 trillio
    10·1 answer
  • Echo Sound Company just began business and made the following four inventory purchases in June: June 1 150 units $ 780 June 10 2
    13·1 answer
  • Blanchard Company manufactures a single product that sells for $180 per unit and whose total variable costs are $135 per unit. T
    8·1 answer
  • Which of the following should be done once the fire has been controlled?
    7·1 answer
  • "A bond that was originally sold at par is now trading in the market at a premium. The bond is called at par. This action will b
    11·1 answer
  • Flipco signed a 10​-year note payable on January​ 1, 2018​, of $ 800, 000. The note requires annual principal payments each Dece
    14·1 answer
  • If the number of people classified as unemployed is 50,000 and the number of people classified as employed is 250,000, what is t
    12·2 answers
  • The following information should be used to according to the provisions of GAAP (Statement of Cash Flows) and using the followin
    15·1 answer
  • According to the path-goal theory of House and others, what do leaders assume?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!