What are 2004 pennies worth?

A merchandiser has sales discounts forfeited of $600, cost of goods sold of $13,000, and other expenses of $4,100. The mercha

lbvjy [14]

Answer:

Given that,

Sales discount forfeited = $600

Cost of goods sold = $13,000

Other expenses = $4,100

Expenses accounts:

= Cost of goods sold + Other expenses

= $13,000 + $4,100

= $17,100

Therefore, the second entry in the closing process is as follows:

Income summary A/c Dr. $17,100

To Cost of goods sold $13,000

To other expenses $4,100

(To record the closing entry)

8 0

3 years ago

Preferred stockholders: A. have the right to receive dividends only if there are enough dividends to pay the common stockholders

olga55 [171]

Answer:

D. have the right to receive dividends only in the years the board of directors declares dividends.

Explanation:

As we know that the dividend is received when the board of director declared the dividend for that the company should have enough balance for distribution of dividend

After declaring the dividend the first priority is given to the preference stockholders after distributing them the remaining amount is distributed to common stockholders

This can all happen after declaring the dividend by the board of directors

3 0

3 years ago

How would I put the reason I left my job simply and professionally if this was the reason: I left my job due to my drivers ed sc

Alenkinab [10]

I think that you could say it mostly like that by make your words more descriptive, I don’t really know what your going for tho

5 0

3 years ago

Presented below are selected account balances for Homer Winslow Co as of December 31, 2014.

Ronch [10]

Answer:

Sales Revenue 410,000 debit