The journal entries that correctly records the payment received from the customer on May 30 is:
- Debit to Cash for $4,900
- Debit to Sales Discount for $100
- Credit to Accounts receivable for $5000
<h3>What is a
journal entry?</h3>
This refers to the act of keeping or making records of any transactions either for economic or non-economic reasons.
The main purpose of a journal entry is to record every business transaction properly and accurately.
Date Journal Entry Debit Credit
May 30 Cash $4,900
Sales Discount $100
($5,000 * 2/100)
Accounts receivable $5000
The answered question <em>"Advanced Computer Parts uses the perpetual inventory system. On May 5, Advanced sold merchandise with a cost of $1,500 for $5,000 to a customer on account with terms of 2/10, 30. Which of the following journal entries correctly records the payment received from the customer on May 30?"</em>
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Answer:
Option (A) is correct.
Explanation:
Given that,
Amount withdraw by Pete Mills = $10,100
Mutual charges on amount withdrawn = 6%
Therefore, the dollar amount of the withdrawal charge;
= Amount withdraw by Pete Mills × Percent charges by mutual fund on withdrawal of fund
= $10,100 × 0.06
= $606.00
Hence, the correct answer is $606.00
Answer:
2) The customer’s willingness to pay for the 15 cupcakes is $39.
3) The customer’s willingness to pay for 12 cupcakes is $30.
Explanation:
The willingness to pay for a good is the highest amount a consumer is willing to pay for a good or service.
The price of 15 cupcakes purchased = $30 + $9 = $39
Answer:
$54,600
Explanation:
The computation of the cost that should be allocated to the building is shown below
Total purchase cost is
= $120,000 + $20,000
= $140,000
Total appraisal value is
= $22,100 + $66,300 + $81,600
= $170,000
Now cost allocated to building is
= Purchase cost × building appraisal value ÷ Total appraisal value
= $140,000 × $66,300 ÷ $170,000
= $54,600
We simply applied the above formula
