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allochka39001 [22]
3 years ago
15

Jensen Company has cash proceeds from sales of $8,400. This amount includes $400 of sales taxes. Give the entry to record the pr

oceeds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Business
1 answer:
Levart [38]3 years ago
5 0

Answer:

Debit Cash account          $8,400

Credit Sales account         $8,000

Credit Sales tax payable      $400

Being entries to record cash proceeds from sale.

Explanation:

Since total cash received from the sale was $8,400, a debit entry for this amount is posted to the Cash account.

Of the amount received, $400 is for sales tax. This is a liability to the organization and as such a credit entry for sales tax payable of $400 is recorded until it is remitted.

The balance of $8000 is the actual amount to be recognized as sales.

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Nimfa-mama [501]

Answer:

a. Gantt chart.

Explanation:

Gantt chart is a horizontal bar graph, which represent the project planning and its progress report. It help to reduce lot of time and effort invested in planning projects. It also helpful in tracking status of project, milestones, production time, scheduling projects and project management. It was invented by Henry gantt, the graph was named after him.

5 0
3 years ago
Harper acquires 40 percent of the outstanding voting stock of Kinman Company on January 1, 2014, for $243,700 in cash. The book
KonstantinChe [14]
One of the steps in solving this problem is this one:

As we know as shown above, the joournal entry for 2014 and 2015 will include the investment balance, increases and decreases to equity and intra-entity profits realized and deferred. Also the balance of the acquisition needs to be calculated.

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400,000 * 0.40 = 160,000

Then, calculate the difference in the acquisition and the book value of the purchase:

210,000 - 160,000 = 50,000
5 0
3 years ago
Sammy's Pizza had the following financial information for the year as follows ($ in millions):
daser333 [38]

Answer:

Net Cash flow from Investing activities -$1,900

Explanation:

Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash

Cash flow from Investing activities  

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All other transactions are related to the operating and financing activities. Hence ignored it

7 0
3 years ago
Which professional has helped Jennifer in this example?
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Answer:

would it be sales representative since they were only able to replace the device and apologize

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2 years ago
Bill Schultz works at a high power investment firm in Los Angeles. Bill is responsible for promoting the firm's vision and creat
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Answer:

Strategic level

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Bill is at the strategic level of the organisational pyramid. He is responsible for allocating the resource of the organisation and taking decisions on behalf of the owners. Bill is at the strategic level because he is also required to make a strategic decision and goals for the company.  The strategic level of management is one of the important parts of any organisation, as the strategic performance of the company relies heavily on strategic management.

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3 years ago
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