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3 years ago

The business purchased an office rack from Zuhdi Bhd for RM8,000 and

Business

1 answer:

bezimeni [28]3 years ago

6 0

Answer and Explanation:

The Journal entries are shown below:-

Office equipment Dr, RM8,000

To Cash RM3,000

To Accounts payable RM5,000

(Being purchase of office equipment is recorded)

Here we debited the office equipment as it increased the assets and credited the cash and account payable as it decreased the assets and increased the liabilities

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Accounts receivable $ 35,000 debit Allowance for uncollectible accounts 500 credit Net Sales 180,000 credit All sales are made o

SCORPION-xisa [38]

Answer:

$1,080

Explanation:

Calculation for the amount that should be debited to Bad Debts Expense

Using this formula

Bad Debts Expense=Net Sales× Percentage of net credit sales uncollectible.

Let plug in the formula

Bad Debts Expense=180,000 credit×0.6%

Bad Debts Expense=$1,080

Therefore the amount that should be debited to Bad Debts Expense when the year-end adjusting entry is prepared will be $1,080

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3 years ago

At the start of the year, Northern Lights had $8,000 worth of merchandise. What do we know about Northern Lights?

natulia [17]

They had $8,000 worth of merchandise at the beginning of the year

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3 years ago

Read 2 more answers

If Barcelona has a core staff of restaurant managers and head chefs and contracts with staffing agencies to fill all other posit

Readme [11.4K]

Answer: network structure

Explanation:

Network structure is a form of organizational structure that is considered to be less hierarchical and also more flexible than most other organizational structures. In a network structure, it is the managers who usually both the internal and external relationships.

Barcelona has a core staff of restaurant managers and head chefs and contracts with staffing agencies to fill all other positions, from accountants to dishwashers, then the company has a network structure.

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4 years ago

The list price on Boyton's catalog indicated that product A sells for $3,000, with a trade discount of 5%. Boyton sells the good

Alexeev081 [22]

Answer:

B) $2,850

Explanation:

1: Find the discount: $3,000*5% = $150

2: Subtract the discount: $3,000 - $150 = $2,850

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3 years ago

Trek Cycles makes two products: X-1 and X-2. It takes 80,900 direct labor hours to manufacture the X-1 and 93,500 direct labor h

Vera_Pavlovna [14]

Answer:

Predetermined manufacturing overhead rate= $2.15 per direct labor hour

Explanation:

Giving the following information:

It takes 80,900 direct labor hours to manufacture the X-1 and 93,500 direct labor hours to manufacture the X-2 Line.

Total overhead= 225,000 + 149,960= $374,960

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 374,960 / (80,900 + 93,500)

Predetermined manufacturing overhead rate= $2.15 per direct labor hour

6 0

3 years ago