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chubhunter [2.5K]
3 years ago
5

The following transactions occur for the Wolf pack Shoe Company during the month of June:________.

Business
1 answer:
erica [24]3 years ago
8 0

Answer:

                                         Debit                 Credit

A. Cash                         $28,000

    Sales                                                     $28,000

B. Office Expenses      $18,000

    A/c Payable                                           $18,000

C. Salaries Expenses   $6,600

    Cash/Bank                                             $6,600

Explanation:

Accounting double entry rules are follows:

Debit: Increase in Assets, Increase in Expenses. (vice versa in credit side)

Credit: Increase in Liability, Increase in income, Increase in capital. (vice versa in debit side)

A. When services are provided it is recorded as an income on the credit side and cash received against the services are recorded in the debit side as it a current asset. (provided that the services provided and consumed are not for more than one month)

B. Office supplies are the office day to day expenses which needs to be recorded on the debit side. while on account payment is recorded on the credit side as a liability.

C. Salaries are expenses which needs to be recorded on the debit side and cash or bank will be credited as decrease in assets.

You might be interested in
Petty Cash Journal Entries
Sati [7]

Answer:

(a) January 1

Dr Petty cash $200

Cr Cash $200

B. January

Dr Phone Expense $17.50

Dr Automobile Expense 33

Dr Joseph Levine, Drawing 56

Dr Postage Expense 12.50

Dr Charitable Contributions Expense 15

Dr Miscellaneous Expense 49

Cr Petty cash 183

January 31

Dr Petty cash $183

Cr Cash $183

Explanation:

(a) Preparation of the journal entry to establish a petty cash fund

January 1

Dr Petty cash $200

Cr Cash $200

b. Preparation of the journal entry to replenish the petty cash fund.

January

Dr Phone Expense $17.50

Dr Automobile Expense 33

Dr Joseph Levine, Drawing 56

Dr Postage Expense 12.50

Dr Charitable Contributions Expense 15

Dr Miscellaneous Expense 49

Cr Petty cash 183

($17.50+33+56+12.50+15+49)

January 31

Dr Petty cash $183

Cr Cash $183

($17.50+33+56+12.50+15+49)

3 0
3 years ago
A market often characterized by one-on-one bargaining is a(n) _______ market.
Neko [114]
<span>barter The barter market involves people directly trading goods and services for other goods and services. In this system haggling is customary.</span>
6 0
3 years ago
You are preparing for a 3-month global assignment in Turkey working on an international quality improvement team for your compan
Sergeu [11.5K]

Answer:

The correct answer is letter "C": Geopolitical views of your own (native) country.

Explanation:

According to the excerpt, the purpose of the assignment is improving the quality of a product being manufactured. In that case, it is imperative to first identify what is the geographical and political current situation of the country we are from since this will allow identifying opportunities that can be complemented Turkey's geopolitical opportunities that must be pointed out by their representatives.

8 0
4 years ago
An organization's ________ is the group of potential customers toward whom it directs its marketing efforts.
crimeas [40]

The correct option is C. An organization's target market is the group of potential customers toward whom it directs its marketing efforts.

A goal marketplace, also called a serviceable obtainable market (SOM), is a group of clients within an enterprise's serviceable-to-be-had market at which the enterprise pursues its marketing efforts and assets. A goal marketplace is a subset of the whole marketplace for services or products.

The goal marketplace typically includes customers who showcase comparable characteristics (which include age, region, profits, or way of life) and are considered most probable to buy a business's market services or are probable to be the most worthwhile segments for the commercial enterprise to the carrier via OCHOM.

A target marketplace is a set of human beings that have been identified as the most probable ability customers for a product because of their shared traits together with age, income, and lifestyle.

To learn more about the target market visit here:

brainly.com/question/13363009

#SPJ4

4 0
2 years ago
Policy analysts can estimate the value of a human life through ____.
nikklg [1K]
Policy analysts can estimate the value of a human life through contingent valuation methods. It is a method use to estimate the value of a good that is placed by a person. It involves asking people to report their willingness to pay or accept in order to have or give up a certain good. It is used to evaluate the economic values of all goods.
3 0
3 years ago
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