Answer:
List is as follows:
(a) Accounts payable - B
(b) Inventory - B
(c) Interest revenue
- I
(d) Long-term debt
- B
(e) Net cash used for financing activities - C
(f) Salary expense
- I
(g) Cash h. Dividends - B, C
(h) Dividends
- R, C
(i) Increase or decrease in cash - C
(j) Net income - I, R, C
(k) Net cash provided by operating activities - C
(l) Retained earnings - R, B
(m) Sales revenue -I
(n) Common stock - B
<span>above equilibrium.
~~~~~~~~~~~~~~~~~
(Make me brainliest if ya feel so)</span>
Answer:
the rate of commission is 8%
Explanation:
The computation of the rate of commission is shown below:
Rate of commission is
= Commission received by the broker ÷ Sale value of the home
where,
The Commission received by the broker is $13,200
And, the sale value of the home is $165,000
Now put these values to the above formula
So, the rate of commission is
= $132,00 ÷ $165,000
= 8%
Hence, the rate of commission is 8%
Answer: Debit Cash $1,261; debit Cash Over and Short $21; credit Sales $1,282.
Explanation:
The total that is being shown by the cash register will be the sales for the day so $1,282 should be credited to the Sales account.
The actual cash in hand will be debited to the Cash account which means it will be debited by $1,261.
The difference between the sales and the actual cash on hand will be debited to an account called the Cash Over and Short amount which is an expense account used to account for differences in cash amounts.