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3 years ago

What is the journal for : Incurred loan of $1000 from swiss bank. ?

Business

1 answer:

Fiesta28 [93]3 years ago

8 0

Answer:

DR: Cash $1000

CR: Loan Payable $1000

Explanation:

N/A

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Sheffield Company purchases $50,300 of raw materials on account, and it incurs $63,900 of factory labor costs. Supporting record

Yakvenalex [24]

Answer:

Work-in-process - Assembly Department $64,160 (debit)

Work-in-process - Finishing Department $38,080 (debit)

Overhead $102,240 (credit)

Explanation:

Assembly Department Costs Assignments

J1 : Raw Materials

Work -in-process $27,100 (debit)

Raw Materials (credit)

J2 : Labor

Work -in-process $40,100 (debit)

Salaries and Wages Payable $40,100 (credit)

J3 : Overheads

Work-in-process $64,160 (debit)

Overhead $64,160 (credit)

Finishing Department Costs Assignments

J1 : Raw Materials

Work -in-process $23,200 (debit)

Raw Materials $23,200 (credit)

J2 : Labor

Work -in-process $23,800 (debit)

Salaries and Wages Payable $23,800 (credit)

J3 : Overheads

Work-in-process $38,080 (debit)

Overhead $38,080 (credit)

Summary of assignment of overhead

Work-in-process - Assembly Department $64,160 (debit)

Work-in-process - Finishing Department $38,080 (debit)

Overhead $102,240 (credit)

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3 years ago

In developing a flexible budget within a relevant range of activity,

gladu [14]

Answer: d. it is necessary to relate variable cost data to the activity index chosen

Explanation:

The activity index shows how various activities have an impact on the cost of production.

When developing a flexible budget within a relevant range of activity, ome must relate variable cost data to the activity index chosen to ensure that it is indeed variable.

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3 years ago

Wireless communications is likely to be viewed as an essential part of an enterprise network infrastructure when:

erica [24]

Wireless communications is likely to be viewed as an essential part of an enterprise network infrastructure when communication must take place in a difficult terrain where wired communication is difficult or impossible to build.

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3 years ago

Anna Elleson has just opened her plumbing business in a small industrial park located within the boundaries of the city of Tempe

Nuetrik [128]

Answer:

For this situation, Answer will be (A).

Enforceable as private law.

Explanation:

Private Law: it is the branch of law in which the relationship between a person or an institution or a government explained.
Enforceable law: Enforceable means able to be enforced. A right or province can be enforced if a individual who is bound by an act may be forced or ordered to execute with the law process. To put it another way, enforceable is an action that can be effective.

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3 years ago

A company uses a periodic inventory system and during the December 31, year-end physical inventory count discovered that they ha

never [62]

Answer:

Debit: Shrinkage expense $300

Credit: Inventory $300

Explanation:

When your business experiences shrinkage, you must adjust your accounting books. Record inventory losses by increasing your Shrinkage Expense account and decreasing your Inventory account.

Debit your Shrinkage Expense account and credit your Inventory account.

To adjust for shrinkage, create a journal entry that looks like this:

Debit Shrinkage expense account by $300

Credit Inventory account $300

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3 years ago

What is the journal for : Incurred loan of $1000 from swiss bank. ?​

What is the journal for : Incurred loan of $1000 from swiss bank. ?