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Kazeer [188]
3 years ago
12

Supplies for office use were purchased during the year for $580, of which $140 remained on hand (unused) at year-end. Interest o

f $290 on a note receivable was earned at year-end, although collection of the interest is not due until the following year. At year-end, salaries and wages payable of $4,000 had not been recorded or paid. At year-end, one-half of a $2,400 advertising project had been completed for a client, but nothing had been billed or collected. Redeemed a gift card for $640 of services.
Business
1 answer:
Lena [83]3 years ago
7 0

Answer:

Adjusting entries  are given below

Explanation:

solution

                                          Adjusting entries

S.no  Account and explanation                              Debit                 Credit

1.  Supplies expense                                               $440  

        Supplies (580-140)                                                                  $440

2.  Interest receivable                                             $290  

        Interest revenue                                                                      $290

3. Salaries and wages expense                             $4,000  

       Salaries and wages payable                                                  $4,000

4. Advertising expense \frac{2400}{2}                                   $1200

       Advertising payable                                                                 $1200

5. Unearned revenue                                               $640  

       Service revenue                                                                             $640

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<u>Explanation: </u>

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Consistency of service is always expected by all customers; they want calm and no disagreeable surprises. In manufacturing, performance improvement is accomplished via a technique called statistical control of processes or SPC to minimize system uncertainty or variability.

For example, you can't create a consistent quality of service if you're prompt, correct and polite to certain of your customers, sometimes in all your branches. Therefore to say, good service turns into an error. Credibility will not be lasting or successful.

6 0
3 years ago
THe section of the comprehensive annual finanial report that presents tables and charts showing social and econimoc data in addi
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Answer:

Statistical Section

Explanation:

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2 years ago
Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double-entr
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Answer:

A MS Excel file is attached for the Journal general , please find it.

Explanation:

Entries to be Journalized

Date                Account                    DR.          Cr.

March 24         Cash                   $26,000    

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September 8   Cash                   $6,500    

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Download xlsx
6 0
3 years ago
What is the nash equilibrium for this​ game?
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<span>The  nash</span> equilibrium would be A. <span> bp and the mini-mart will both not advertise.
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If Bp and mini-mart both choose not to advertise they both will have a similar profit.</span>
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3 years ago
Which of the following statements are true regarding​ externalities? ​(Check all that apply​.) A. Deadweight loss can be either
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Answer:

d

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A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.

A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.

Government can regulate the amount of externality produced by placing an upper limit on the amount of negative externality permissible

Coase theorem has been proposed as a solution to externality. According to this theory, when there are conflicting property rights, bargaining between parties involved can lead to an efficient outcome only if the bargaining cost is low

Another solution to negative externality is through the activities of charities. Charities can raise donations to limit or regulate the activities of firms that constitutes a negative externality.

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