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andrezito [222]
3 years ago
9

Trimble Graphic Design receives $1,800 from a client billed in a previous month for services provided. Which of the following ge

neral journal entries will Trimble Graphic Design make to record this transaction?
Business
1 answer:
wel3 years ago
4 0

Answer:

Explanation:

The journal entry is presented below:

Cash A/c Dr $1,800

   To Accounts receivable A/c $1,800

(Being the cash is received)

Since the cash is received so we debited the cash account and there is a decrease in account receivable so this account should be credited. Both the accounts are recorded at $1,800 each.

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Associated Breweries is planning to market unleaded beer. To finance the venture, it proposes to make a rights issue with a subs
arlik [135]

Answer:

Number of new shares:

= 140,000×(1÷2)

= 70,000

Amount of new investment:

= 70,000×$10

= $700,000

Total value of company after issue:

= $700,000+140,000×$40

= $6,300,000

Total number of shares after issue:

= 140,000+70,000

= 210,000

Share price after issue:

= $6,300,000÷210,000

= $30

Explanation:

4 0
3 years ago
Uncle Fred recently died and left $280,000 to his 45-year-old favorite niece. She immediately spent $80,000 on a town home but d
Marrrta [24]

Answer:

6.06%

Explanation:

The computation of the rate of return is shown below:

Given that

NPER = 20 years

PV = ($280,000 - $80,000) = $200,000

PMT = $0

FV = $75,000 × PVIFA factor at 10% for 21 years

= $75,000 × 8.6487

= $648,652.50

The following formula should be applied

= RATE(NPER;PMT;-PV;FV;TYPE)

The present value comes in negative

After applying the above formula, the rate of return is 6.06%

7 0
3 years ago
Bramble Corp. had a 1/1/17 balance in the Allowance for Doubtful Accounts of $45500. During 2017, it wrote off $26000 of account
maksim [4K]

Answer:

$58,800

Explanation:

The computation of the ending balance of Allowance for Doubtful Accounts is shown below:

= Ending balance of account receivable × estimated percentage

= $980,000 × 6%

= $58,800

By multiplying the ending balance of account receivable with the estimated percentage we can get the ending balance of Allowance for Doubtful Accounts could arrive

6 0
3 years ago
When placing the vehicle in motion, it is strongly recommended that the last task you perform is to release the parking brake. w
disa [49]
To reduce the risk of a rollback-collision on an incline
5 0
3 years ago
Pittsburg Steel Manufacturing has a weighted-average unit contribution margin of $20 for its two products, Standard and Supreme.
pickupchik [31]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

The weighted-average unit contribution margin of $20.

Expected sales for Pittsburg Steel are 40,000 Standard and 60,000 Supreme.

Fixed expenses are $1,800,000

First, we need to calculate the break-even point in units for the whole company.

Break-even point (units)= Total fixed costs / Weighted average contribution margin ratio

Break-even point (units)= 1,800,000/20

Break-even point (units)=90,000 units

<u>Now, for each product:</u>

Standard= (40,000/100,000)*90,000= 36,000 units

Supreme= (60,000/100,000)*90,000= 54,000 units

5 0
4 years ago
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