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Sladkaya [172]
3 years ago
7

On June 1, Baby Raising Magazine collected cash of $63,000 on future annual subscriptions starting on July t 1. Journalize the t

ransaction to record the collection of cash on June 1 2. Joumalire the transaction requieed at December 31, the magazine's year end, assuming no revene eamed has been recorded (Round adjystment to the nearest whole dolar) Requirement 1.Journake the transacton to record the colection of cash on June (Record debitstrst、tw, credis Seledthe esplanation on the last ie ofthepmalety tale) Date Accounts and Explanation Debit Credit Jun 1 Requirement 2. Journalize the transaction required at December 31, the magacine's year end assuming ne revenue eared has been recerdedRed dubis Srst, then cresihs Select the esplanason on the last Iine df he journal entry table Round adjustment to the nearest whole dellar) Date Accounts and Explanation Debit Credit Dec 31 Choose trom any ist or enter any number in the input fields and then continue to the next question
Business
1 answer:
Makovka662 [10]3 years ago
3 0

Answer:

The exercise is attached.

Explanation:

On June 1, Baby Raising Magazine collected cash of $63,000 on future annual subscriptions starting on July t 1. Journalize the transaction to record the collection of cash on June 1 2. Joumalire the transaction requieed at December 31, the magazine's year end, assuming no revene eamed has been recorded (Round adjystment to the nearest whole dolar)

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MacKenzie Company sold $180 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 4% servic
Olegator [25]

Answer: A, Debit Cash of $180 and Credit sales of $180.

Explanation:

The above transaction is due to the fact that MacKenzie company is the company that made the sales.

$10,000 for 180days promissory note @ 9%. Since the 9% is an annual rate and the loan is for 180day we calculate thus:

10,000*9/2 = 10,000 * 4.5%=$ 10,450

5 0
3 years ago
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Purely domestic firms will be at a disadvantage to mnes in the event of market disequilibria because
Amanda [17]

Purely domestic firms will be at a disadvantage to men's in the event of market disequilibria because domestic firms lack comparative data from its own sources.

<h3>What are domestic firms?</h3>

Most or all of the operations of domestic companies are conducted within the US. They might export goods or import supplies, but these activities often make up a modest portion of overall corporate activity. US securities regulations primarily apply to domestic enterprises. Typically, their financial reports are created using widely accepted accounting principles (GAAP).

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8 0
11 months ago
A taxpayer places a $50,000 5-year recovery period asset in service in 2016. this is the only asset placed in service in 2016. a
Charra [1.4K]
50,000×5=250,000
250,000÷4=625,000
250,000-625.000=375.00
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8 0
3 years ago
Lidell Inc. budgeted production of 48,000 personal journals in 20Y6. Each journal requires assembly. Assume that three minutes a
mote1985 [20]

Answer:

Direct labor cost= $31,200

Explanation:

Giving the following information:

Production= 48,000 units

Standard time= 3 minutes per unit

Rate= $13 per hour

First, we need to calculate the number of hours required:

The proportion of minuted per hour= 3/60= 0.05

Number of hours= 48,000*0.05= 2,400 hours

Now, the direct labor cost:

Direct labor cost= 2,400*13= $31,200

7 0
3 years ago
What institution will Martha's lender check before granting or denying a loan or mortgage to Martha?
aalyn [17]

Answer:

A credit bureau

Explanation:

A credit bureau is a agency which collects the credit history of consumers so that creditors can make decisions about granting loans. So the only logical choice is for Martha's lender to check with them to get her credit history before denying or granting her a mortgage or loan.

6 0
2 years ago
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