Answer:
they are debited to a Work in Process account
Explanation:
The journal entry to record the assignment of manufacturing overhead costs to production in a process cost system is done as follows:
Work - In Process (debit)
Overheads (credit)
Answer:
RAW DATA GAP, INC
statement of stockholders' equity
for the year ended January 29th, 2011
![\left[\begin{array}{cccccc}&$C Stock&$R/E&$OCI&$ Treasury Stock&$Total\\$Balance Jan 1&2990&10815&155&-9069&4891\\$Net Earnings&&1204&30&&1234\\$Dividends&&-252&&&-252\\$sale of stcok&&&&4&4\\$purchase of stock&&&&-1797&-1797\\$Balance, Dec 31&2990&11767&185&-10862&4080\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccccc%7D%26%24C%20Stock%26%24R%2FE%26%24OCI%26%24%20Treasury%20Stock%26%24Total%5C%5C%24Balance%20Jan%201%262990%2610815%26155%26-9069%264891%5C%5C%24Net%20Earnings%26%261204%2630%26%261234%5C%5C%24Dividends%26%26-252%26%26%26-252%5C%5C%24sale%20of%20stcok%26%26%26%264%264%5C%5C%24purchase%20of%20stock%26%26%26%26-1797%26-1797%5C%5C%24Balance%2C%20Dec%2031%262990%2611767%26185%26-10862%264080%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Explanation:
We list each equity concept and writetheir change and net effect on the total equity
Answer:
Unreachable
Explanation:
Unreachable segment or market is the one, where the firm or the organization is unable to sold their goods and services and could earn profit out of it.
So, even though the firm has developed the product and the service, which also addresses or has the needs of the particular, segment of substantial market, then their efforts might fail if the segment or the market is unreachable for them, because they could not able to sold their products.
Answer:
The correct answer is letter "C": Unearned Rent Revenue.
Explanation:
Unearned Revenues are advance payments that a company or individual receives for products and services that it has not yet manufactured or delivered. Unearned Revenue is also called advance payments or deferred revenue. On the company's Balance Sheet, unearned revenue is reported as a liability because it constitutes a debt owed to a client.
Thus,<em> if a company receives rent payment in advance, the amount received will be recorded as a credit to Unearned Rent Revenue.</em>
Answer:
Debit entry - Accounts Receivables - $2,000
Credit entry - Sales - $2000
Explanation:
Due to the fact that it is a credit sale, it means that the cash would be obtained at a future date in time. Hence, until then, Mr Smythe is indebted to Able as he is a debtor. Once he pays what he owes to Able and the cash has been received, Accounts receivables would be credited with $2000 and cash would be debited with $2000.
