The large majority of legal issues associated with technology-specific legislation involve _______

Following are the transactions of Sustain Company.

MrMuchimi

Answer:

Jun-01

Dr Cash 18,500

Cr Common Stock T. James 18,500

Jun-02

Dr Furniture 11,500

Cr Account Payable 11,500

Jun-03

Dr Prepaid Insurance 2,100

Cr Cash 2,100

Jun-04

Dr Account Receivable 10,500

Cr Sales 10,500

Jun-12

Dr Account Payable 11,500

Cr Cash 11,500

Jun-20

Dr Cash 10,500

Cr Account Receivable 10,500

Jun-21

Dr Cash 17,500

Cr Common Stock T. James 17,500

Jun-30

Dr Cash 12,500

Cr Unearned Income 12,500

Explanation:

Preparation of Journal entries

Jun-01

Dr Cash 18,500

Cr Common Stock T. James 18,500

(Invested $18,500 as capital contribution)

Jun-02

Dr Furniture 11,500

Cr Account Payable 11,500

(Purchased furniture on credit)

Jun-03

Dr Prepaid Insurance 2,100

Cr Cash 2,100

(Cash Paid for 12 month insurance)

Jun-04

Dr Account Receivable 10,500

Cr Sales 10,500

(Billed customer )

Jun-12

Dr Account Payable 11,500

Cr Cash 11,500

(Cash paid to reclaimed wood)

Jun-20

Dr Cash 10,500

Cr Account Receivable 10,500

(Cash collected form customer)

Jun-21

Dr Cash 17,500

Cr Common Stock T. James 17,500

(Addition capital contribution)

Jun-30

Dr Cash 12,500

Cr Unearned Income 12,500

(Received advance for service to be performed)

8 0

3 years ago

Which of the following options communications sent to more than 25 prospective customers must be approved by the designated Regi

Rudik [331]

Answer:

D. All of the above

Explanation:

The options that are communicated and sent to more than 25 prospective customers must be in writing before to the use of Principal prior. It involves advertising, sales literature, and independent prepared reprints

The sales literature and the appearance with respect to the public are the 2 communciation channels for the public which do not required the permission of ROP as it followed firm policies and procedures

Hence, the correct option is d.

8 0

4 years ago

An income statement reports information over a period of time, indicating the financial progress of a business in earning a net

ch4aika [34]

Answer:

True

Explanation:

An income statement is among the three important financial statements that a business prepares at the end of every financial year. It is divided into three main sections of revenues, expenses, and income.

The revenue section lists all sources of revenues and any adjustments to obtain the net revenue. The expenses section shows all business expenses and their total. The income section is the difference between revenue and expenses. A positive income means the made profits, while a negative income indicates losses.

5 0

3 years ago

Ahrens Tech incurs costs of $33 per unit ($21 variable and $12 fixed) to make a widget it normally sells for $58. Ahrens has rec

vekshin1

Ahrens should accept Wholesaler B offers to buy 15,500 units at $42 each

<h3>What is Wholesaler?</h3>

The sale of goods or merchandise to retailers, industrial, commercial, institutional, or other professional business users, or other wholesalers and related subordinated services, is known as wholesaling or distributing.

In the supply chain, a wholesaler serves as an intermediary or middleman. The most common type of wholesaler is a company that buys finished products from manufacturers and distributes them to retailers, who then sell smaller quantities of the product to end users.

To summarize the key distinctions, retailers sell goods directly to end users in small quantities. Wholesalers, on the other hand, sell goods to other store owners and retail industry professionals, who then sell the goods to the end user.

To know more about Wholesaler follow the link:

brainly.com/question/7062667

#SPJ4

8 0

2 years ago

any of the following could be considered business equipment except: a. buildings b. machines c. tools d. vehicles

polet [3.4K]

Buildings would be the best answer

3 0

3 years ago

The large majority of legal issues associated with technology-specific legislation involve ________.