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Setler [38]
3 years ago
13

Sunland Company has the following account balances: Sales Revenue $226,700, Sales Discounts $4,410, Cost of Goods Sold $129,600,

and Inventory $39,200. Prepare the entries to record the closing of these items to Income Summary. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Business
1 answer:
Kaylis [27]3 years ago
8 0

Answer and Explanation:

The Journal entry is shown below:-

1. Sales revenue Dr,  $226,700

        To Income revenue $226,700

(Being close accounts with credit income balances is recorded)

2. Income revenue Dr, $134,010

         To Sales discount $4,410

         To Cost of goods sold $129,600

(Being close accounts with debit expenses account is recorded)

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2 years ago
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Ramiro has been a forklift driver for the local grocery store for six years. He earns $32,000 a year. He works with a nice crew.
laiz [17]

Answer:

social context

Explanation:

Social context -

It refers to the physical environment in which the people live , is referred to as the social context  .

It is also known as the sociocultural context or social environment  .

Social context consists of all the living as well as non living things , the people living in the society have certain impacts from the outside environment , which can be good as well as bad .

In the given scenario of the question ,

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5 0
3 years ago
How is a traditional work week different than a compressed work week?
galben [10]
A compressed workweek<span> has you working 40 hours in fewer </span>than<span> five days. The most widely used schedule is 10 hour days for four days a week.</span>
6 0
3 years ago
Ajax Corporation has just decided to let managers work from home one day a week. This decision will
Viefleur [7K]

Answer: Option B        

                       

Explanation: In simple words, increase in supply of managers refers to the condition in which the quantity of managers willing to work in certain situations increases due to change in some factors.

As in the given case, the company is offering one day work from home facility to the employees which is beneficial for the personnel in many way as they will get extra time for their social life and will save efforts and time they invest while commuting from their residence to office.

Hence due to this decision their utility satisfaction from the job will increase which will further lead to increase in supply of managers in the organisation.

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3 years ago
LO 2.3Which of the following methods of cost estimation relies on only two data points?
denis23 [38]

Answer:

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Explanation:

The high-low method -

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Hence , this method compare the data of two points .

Therefore , the correct option from the given options is the high - low method.

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