Answer and Explanation:
The summarized journal entry for using the raw material is shown below:
Work in process inventory $3,240 ($920 + $1,600 + $720) Dr
Manufacturing overhead 700 Dr
To Raw material inventory $3,940
(Being the raw material used is recorded)
For recording this we debited the work in process and factory overhead as it increased the assets and expenses and credited the raw material inventory as it decreased the assets
Answer:
increase of 196.70 dollars
Explanation:
While the depreciation expense will not generate a cash outflow or inflow, the expense will impact the net income which determinates the incoem tax payable.
This change in the net income and therefore, the income tax will also change the cahsflow:
depreciation ( 1 - t ) = tax-shield
562 x 35% = 196.70
The increase in depreciation provides a 196.70 dollars tax shield which increases the cash flow generate for the year.
Answer:
Economic Freedom--the right to make your own economic decisions. ...
Economic Efficiency--using resources wisely because they are scarce. ...
Economic Equity--justice and fairness for all. ( ...
Economic Security--protection from bad economic situations such as. ...
Full Employment--to provide as many jobs as possible so that.
Explanation:
The journal entries to record the March 4, 2023, transaction is: Debit Accounts receivable $5,500; Credit Allowance for doubtful accounts $5,500.
<h3>Journal entries</h3>
Carla Vista Co. Journal entries
March 4, 2023
Debit Accounts receivable $5,500
Credit Allowance for doubtful accounts $5,500
Debit Cash $5,500
Credit Accounts receivable $5,500
Therefore the journal entries to record the March 4, 2023, transaction is: Debit Accounts receivable $5,500; Credit Allowance for doubtful accounts $5,500.
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