To record On Jan 2, Callie Taylor received a $700 payment from a customer formerly billed for services performed. The journal entry to record this transaction would contain a debit to the cash account and a credit to the Accounts Receivable account.
<h3>What is Journal entry?</h3>
A journal entry exists as an act of keeping or creating records of any transactions either economic or non-economic. Transactions exist listed in an accounting journal that indicates a company's debit and credit balances. The journal entry can consist of several recordings, each of which exists either a debit or a credit.
A journal entry exists as a record of the business transactions in the accounting books of a business. A properly recorded journal entry consists of the correct date, amounts to be debited and credited, an explanation of the transaction, and a unique reference number. A journal entry exists as the first step in the accounting cycle.
Hence, To record On Jan 2, Callie Taylor received a $700 payment from a customer formerly billed for services performed. The journal entry to record this transaction would contain a debit to the cash account and a credit to the Accounts Receivable account.
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If a union is able to sell its labor to a for-profit business, then the business is likely to D. pay wages above the market equilibrium for wages.
<h3>What do unions do?</h3>
Unions negotiate a higher rate of pay for their member thanks to their power to initiate industrial actions.
this means that when they are able to get a company to hire their members, that company would likely pay above the equilibrium wage in the market.
Options for this question at:
A. pay wages exactly where the demand and supply labor curves intersect
B. pay wages below the market equilibrium for wages
C. pay wages matching the preferred equilibrium wage chosen by these businesses
D. pay wages above the market equilibrium for wages
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Answer:
LIFO
Explanation:
To record the lowest cost of goods sold, the ending inventory amount must be high. This would only be high in LIFO whish would not be affected by declining costs.
By using LIFO (Last in First Out) inventory valuation will be based on the value of the earliest goods purchased instead of latest goods purchased as in FIFO (First In First Out)
Explanation:
He is most likely a cognitive-behavioral therapist because they help you achieve goals or change patterns such as procrastination.
Answer:
Statistical quality control
Explanation:
Statistical quality control is the process managers use to continually monitor all phases of the production process to ensure that quality is being built into the product from the beginning and that quality is not being inspected into the product at the end of the production process.
