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zavuch27 [327]
3 years ago
5

ervis accepts all major bank credit cards, including those issued by Northern Bank (NB), which assesses a 4.5% charge on sales f

or using its card. On June 28, Jervis had $5,800 in NB Card credit sales. What entry should Jervis make on June 28 to record the deposit
Business
1 answer:
Kobotan [32]3 years ago
5 0

Answer:

Preparation of the journal entry that Jervis should make on June 28 to record the deposit

Dr Cash ($5,800 - $261) $ $5,539

Dr Credit card expense ($5,800 X 4.5%) $ 261

Cr Sales $5,800

(5,539+261)

Explanation:

Since Jervis assesses a 4.5% charge on sales for using its card in which On June 28, he had $5,800 in NB Card credit sales this means we have to Debit Cash with $5,539 ($5,800 - $261) and as well Debit Credit card expense with $261 ($5,800 X 4.5%) while we Credit Sales with $5,800 (5,539+261)

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How do you make a deposit form?
Anna11 [10]
A deposit is a sum of money placed or kept in a bank account, usually to gain interest
6 0
3 years ago
Tyson Inc. is currently trading at $18 per share. The company is expected to pay a dividend of $1.63/per share next year. The di
viktelen [127]

Answer:

$20.38  buy

Explanation:

The computation of present value is shown below:-

Fair Value according to Gordon Model = Expected Div ÷ (Required Return - Growth rate)

= $1.63 ÷ (10.5% - 2.5%)

= $1.63 ÷ 8%

= $20.38

Fair Price = $ 20.38 and Actual Price = $18.00

As Fair Price is greater than the Actual Price so, the stock is under priced. Therefore advice to buy.

5 0
3 years ago
All financial statements:_________
Anastasy [175]

Answer:

a) help to evaluate what happened in the past.

Explanation:

The financial statement interprets the financial performance, profitability, position of the company. It involves the income statement, balance sheet, cash flow statement, etc through which the business could be analyzed in a better way

Also it helps to analyze and evaluate what is happened in the past

Therefore the option a is correct

5 0
3 years ago
Cost ConceptOn February 3, Clairemont Repair Service extended an offer of $360,000 for land that had been priced for sale at $40
guajiro [1.7K]

Answer:

The land should be recorded in Clairemont Repair Service’s records at $380,000

Explanation:

According to the historical cost principle, the recording of the fixed assets should be recorded at the purchase price or cost price which is to be shown in the assets side under the balance sheet.

So, according to the question, on February 28, the repair service accepted the seller's counteroffer which means that the land was purchased on February 28 for $380,0000. So, by $380,000 amount, the land would be recorded.

Other costs which are mentioned in the question is ignored.

7 0
3 years ago
In the tiered architecture, the erp application is stored on the ________ tier
MissTica

The erp application is stored on the business logic tier in tiered architecture.

<h3>What is an erp application?</h3>

Also called a Enterprise resource planning software, involves the use of software, technologies and systems  to manage and integrate their core business processes.

As the tiered architecture is concerned, the erp application is stored on the business logic tier.

Read more about erp application

<em>brainly.com/question/14635097</em>

#SPJ12

6 0
2 years ago
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