Answer:
Cash Sales Transaction
Journal Entry
Dr. Cash 100,000
Cr. Sales 100,000
Cash received and sales has been recorded due to the nature of Cash and Income, Cash and Sales is entered as Debit and credit respectively.
* For Journal posting MS excel file is attached which has T account with above transaction posted in it.
Explanation:
The correct answer is A. produce goods & pay workers
Answer:
Net cash flow as at the year end= $22,100
Explanation:
The statement of cash flows for Moore shall be calculated as follows:
Cash balance as at January 1, 2018= $54,000
Cash inflow from operating activities= $35,600
Cash outflow from investing activities= ($43,000)
Cash outflow from financing activities= ($24,500)
Net cash flow as at the year end= $22,100
Answer:
reduction in jasmine gross pay is = $94.32
Explanation:
Given data:
gross pay = $754.80
federal tax is $31
social securty tax 6.2%
Medicare tax is 1.45%
Paystate tax is 18%
reduction in jasmine gross pay is calculated as
Reduction = federal tax+ ( social security tax * gross pay) + (medicare tax * gross pay) + ( paystate tax * federal tax)
Reduction = 31 + ( 6.2% + 754.8) + (1.45% *754.8) + (0.18*31)
reduction in jasmine gross pay is = $94.32
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
