Answer:
See explanation section
Explanation:
The journal entry to record the sale of goods is as follows:
January 2, 2020 Accounts receivable-Record Company Debit $415,500
Sales Revenue Credit $370,000
Unearned service revenue Credit $45,500
As the selling price is $415,500, Stellar will receive $415,500 from Record company. However, the sales revenue is the selling price of the goods, which is $370,000. $45,500 is an installation fee for which Steller will give service for the next 6 months. Therefore, it is an unearned revenue assuming that the receivable will pay the money within a few months or earlier or before the service has been performed.
"Stuck in the middle" firm.
These types of companies do not differentiate themselves or offer better prices, so they are stuck in the middle and at a competitive disadvantage in the marketplace.
The ultimate aim of customer relationship management is to produce high customer equity. Hope I helped! :)
Answer:
they all work for the government
Answer:
Debit Supplies expenses for $275
Office supplies for $275
Explanation:
Before the adjusting entry, the following adjustment has to be made first:
Ending balance of supplies that has not been adjusted = $379
Physical ending balance = $104
Amount of used supplies during the period = $379 - $104 = $275
This $275 will be recorded as supplies expense. Therefore, the adjusting entry will be as follows:
<u>Particulars Dr ($) Cr ($) </u>
Supplies expenses 275
Office supplies 275
<em><u>(To record the supplies expense for the period.) </u></em>
The above entries will then reduce enduing balance of supplies from $379 to $104.
