1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Rom4ik [11]
3 years ago
5

1 Madison Harris, the owner, invested $7,800 cash and $34,800 of photography equipment in the company in exchange for common sto

ck. 2 The company paid $3,400 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $1,010 cash. 20 The company received $4,631 cash in photography fees earned. 31 The company paid $805 cash for August utilities. Prepare general journal entries for the above transactions.
Business
1 answer:
Dvinal [7]3 years ago
3 0

Answer:

Explanation:

The journal entries are shown below:

1. Cash A/c Dr $7,800

  Photography equipment A/c Dr $34,800

                To Common stock A/c $42,600

(Being common stock is issued for cash and photography equipment )

2. Prepaid insurance A/c Dr $3,400

           To Cash A/c $3,400

(Being prepaid insurance is recorded)

3. Office supplies A/c Dr $1,010

           To Cash A/c $1,010

(Being office supplies are purchased for cash)

4. Cash A/c Dr $4,631

        To Photography fees earned A/c $4,631

(Being cash is received)

5. Utilities A/c Dr $805

        To Cash A/c $805

(Being utilities are paid in cash)

You might be interested in
Grace, James, Helen, and Charles each own equal interests in GJHC Partnership, a calendar-year-end, cash-method entity. On Janua
Sloan [31]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

3 0
3 years ago
It is estimated that the average cost of an outbound telemarketing sales calls on a business customer is about __________, versu
4vir4ik [10]

Answer:

Around $35

Explanation:

Telemarketing sales calls offers lots of advantages like boosting sales in most organizations. You will have to sign a contract where you agree to pay for a minimum number of hours.

Another advantage is that If you need to do some research in advance of product development or product launches, there is some value in having those research calls made by the same telemarketing team that will ultimately be selling the product.

4 0
3 years ago
A profit-maximizing firm will base its decision to hire workers on the additional costs and benefits of each worker. If the extr
tia_tia [17]

Answer:

The correct answer is total revenue; total cost.

Explanation:

Cost reduction is one of the most addressed issues in companies. They do it all the time since it is a permanent process. This is because it always seeks to improve the profitability of the company and, consequently, productivity. In other words, try to "do more with less", which is to produce more with what you have or produce the same with lower expenses. In both cases the objective is to reduce costs.

A company can reduce costs for many reasons: for a drop in sales, for lack of liquidity, for not having access to credit, etc. And when this happens, the cost cut occurs in the areas of human resources with the dismissal of personnel, the restructuring of the purchase processes, changes of suppliers, among other measures.

It is important to know what the current production process is and, if possible, redesign it, seeking to eliminate unnecessary steps, that is, to shorten the production processes. A long production line implies a greater number of workers, more work in the process and more time in product development. It also increases the possibility of errors in the process.

To make the cost reduction in your company even more efficient, you need to know each process deeply to detect unnecessary steps and help you reduce processes and / or procedures that in the medium or long term translate into cost reduction.

8 0
3 years ago
the percentage of totoal workers who are out of work but seeking jobs and willing to work is known as the ___ rate?
liubo4ka [24]

Answer:

the unemployment rate

4 0
3 years ago
Read 2 more answers
Bessie started a smell busiess with her brother . After a year, they made a good profit. they than shared the profit equally as
ratelena [41]

Answer:

sorry

Explanation:

there is no answer

7 0
3 years ago
Other questions:
  • A company has a process that results in 26000 pounds of Product A that can be sold for $8 per pound. An alternative would be to
    13·1 answer
  • What nonprofit organization distributes knowledge related to health care for the purpose of improving health to governmental age
    13·1 answer
  • Ihi ta 101 from the viewpoint of the world health organization, “health” is defined as:
    15·1 answer
  • Bertrand Inc. performed services for clients in the amount of $1,600 on credit. If this transaction had been posted in error to
    10·1 answer
  • You wish to retire in 14 years, at which time you want to have accumulated enough money to receive an annual annuity of $17,000
    8·1 answer
  • • Explain the process of copying and pasting from one picture to another one.
    14·2 answers
  • Ash, Inc., has declared a dividend of $6.30 per share. Suppose capital gains are not taxed, but dividends are taxed at 20 percen
    14·1 answer
  • LinkedIn is an example of a(n).<br> app?
    8·1 answer
  • Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $302,000, total variable expenses were $232,540, an
    6·1 answer
  • A hedge fund returns on average 26% per year with a standard deviation of 12%. Using the empirical rule, approximate the probabi
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!