Answer:
April 5
Debit Inventory $28,700
Credit Accounts Payable $28,700
April 6
Debit Inventory $600
Credit Cash $600
April 7
Debit Equipment $29,700
Credit Accounts Payable $30,000
April 8
Debit Accounts Payable $3,400
Credit Inventory $3,400
April 15
Debit Accounts Payable $25,300
Credit Cash $24,541
Credit Inventory $759
Explanation:
Preparation of the journal entries to record these transactions on the books of Harwick Co. under a perpetual inventory system
April 5
Debit Inventory $28,700
Credit Accounts Payable $28,700
April 6
Debit Inventory $600
Credit Cash $600
April 7
Debit Equipment $29,700
Credit Accounts Payable $30,000
April 8
Debit Accounts Payable $3,400
Credit Inventory $3,400
April 15
Debit Accounts Payable $25,300 ($28,700-$3,400)
Credit Cash $24,541
($25,300 x 97%)
Credit Inventory $759
($25,300 x 3%)
Answer:
Delight
Explanation:
James is dreading going to get his UF parking decal because he knows that the lines are usually three hours long. However, when he gets in line, he receives his parking decal in only thirty minutes. Which of the following is James probably experiencing?
Definitely, he will be experiencing a delight because he was actually expecting to meet a queue which will last for nothing less that 3 hours, but fortunately for him, he got what he went for within the space of time of 30minutes. So, he has been saved of extra 2hours 30minutes of stress due to the long queue. Hence, he will definitely be delighted.
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In this case, I would consider the situation that James faces here to be a very common situation between bosses and their employees.
<h3>How the
company should have
handled the situation</h3>
1. The issue that James faces with the company is a common situation that workers face in the hands of their bosses. They are transferred from place to place and in a bid to keep their jobs, they go without complaints. The company should have been able to keep to its initial agreement with him. But we can see that not properly addressing his concerns would make them lose him. The company should have made open their demands to him in the first place.
2. In this case, the company has to be held responsible if James decides to leave. This is because they have not tried to keep to their word and they have not tried in any way to do things that would pacify James either. His requests are not taken seriously.
3. Due to the fact that I take integrity and words seriously, I would leave the company to a competitor because I would find it difficult to continue working in an environment were I have to give my all and still be unheard.
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Answer:
$123,500
Explanation:
The computation of the amount reported in the financial statements is shown below
= Sales amount - the amount of sales received
= $247,000 - $247,000 × 50%
= $247,000 - $123,500
= $123,500
by deducting the amount of sale received from the sales amount we can get the amount i.e to be reported in the financial statements
