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Kisachek [45]
3 years ago
14

A check drawn by a company in payment of a voucher for $965 was recorded in the journal as $695. What entry is required in the c

ompany's accounts?
a. debit Accounts Payable; credit Cash.
b. debit Cash; credit Accounts Receivable.
c. debit Cash; credit Accounts Payable.
d. debit Accounts Receivable; credit Cash.
Business
1 answer:
olga2289 [7]3 years ago
8 0

Answer:

d. debit Accounts Receivable; credit Cash

Explanation:

The cash has been credited with $695 instead of $965 which means that $270 has been credited short. Same way, the liabilities have been debited by $270 short. So, we will have to reverse the entry ie. debit Accounts Receivable; credit Cash

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asmine Smith owns a condo worth $250,000, a car valued at $15,000, and miscellaneous assets worth $7,500. She owes $190,000 on t
tester [92]

Answer:

The total liabilities amounts to $200,000

Explanation:

The total liabilities of Asmine Smith is computed as:

Total Liabilities = Owing on Condo + Owning a Car

where

Owning on Condo is $190,000

Owning a Car is $10,000

Putting the values above:

= $190,000 + $10,000

= $200,000

Note: Sum Insured under the Insurance Policy, is neither a liability nor assets. And Premium paid is an expense, will be treated as Current Assets.

4 0
3 years ago
High-risk or major functions are addressed in the first cycles there by delivering an operational product. Which of the sdlc pro
Lady bird [3.3K]

The SDLC process models achieves the above function is Incremental model. Thus, option (d) is correct.

<h3>What is risk?</h3>

Risk refers to the chance of happening something wrong. It involves the uncertainty about the after effects of the acts. For the businessman, risk is the reward for profit.

Incrementalism Model SDLC is a subset of a bigger system that divides a project into releases and then incrementally adds capability to each build.

This technique prioritizes the demands of the system, which are then achieved in groups.

Therefore, it can be concluded that option (d) is correct.

Learn more about risk here:

brainly.com/question/27754423

#SPJ4

Your question is incomplete, but most probably the full question was….

List of options:-

Select one:

a. Spiral Model

b. RAD model

c. Waterfall model

d. Incremental model

6 0
2 years ago
Before filling in the details of an outline, you have to know your audience. To do so, ask yourself questions about your readers
Airida [17]

Explanation:

Well, start off by asking <em>what</em><em> </em>audience you want to reach? If you want to have a target audience to children, you would want to use easy-to-understand wording and most likely little kid characters who they could relate to.

Put yourself in the position of someone you want to target. Younger people? Well, how did you feel when you were younger/how do you feel now?

Do you're readers know you? Often authors will have similarities in the characters they write about, for instance a person of color might use a character who is also of color and explain about racial injustices they have.

Put yourself in their place and see from their pov!

7 0
3 years ago
On May 1, 2021, Meta Computer, Inc., enters into a contract to sell 5,500 units of Comfort Office Keyboard to one of its clients
madam [21]

Answer:

A. 2

B. May 1, 2021

Dr Cash $94,600

Cr Deferred revenue $89,870

Cr Deferred revenue-coupons $4,730

C. May 1, 2021

Dr Cash $94,600

Cr Deferred Revenue $94,600

Explanation:

A. Based on the information given the numbers of PERFORMANCE OBLIGATIONS that are in this contract is 2 which are:

KEYBOARD and CUSTOMER OPTION FOR FUTURE DISCOUNT

B. Preparation of the journal entry that Meta would record on May 1, 2021.

May 1, 2021

Dr Cash $94,600

Cr Deferred revenue $89,870

($94,600-$4,730)

Cr Deferred revenue-coupons $4,730

(5%*$94,600)

C. Preparation of the journal entry that Meta would record on May 1, 2021

May 1, 2021

Dr Cash $94,600

Cr Deferred Revenue $94,600

8 0
3 years ago
The Fraser Hill Inn 3 a charming Bed &amp; Breakfast localed in Fraser Hill, Pahang outside of Kuala Lumpur. Fraser Hill is well
Damm [24]

Answer:

wow great story I love it

6 0
3 years ago
Read 2 more answers
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