Answer:
iahdiahoaihoiahfoaihfhoihfoisoishfoiafhoihsfoiahsfoisahoiahsoiahsaohfoaihsfoiashfoishosihoihsoihsoiasoihsoishoishoisfhioshosfhosfihosfihisohsoihoihosifhoifhhf
Explanation:
Answer:
No adjusting entry required
Explanation:
When the contract was formed and advance was received the company must had recorded the following entry:
Dr Cash Account $5000
Cr Unearned Revenue $5000
Now it is the year end and till now the goods are not delivered which means advance that was received is still our unearned revenue So no further entry is required until the delivery of the goods ordered to the customer.
Correct entry is "No adjusting entry required"
Answer:
Debited by $400
Explanation:
Calculation for the Cost of Goods Sold
Using this formula
Cost of Goods Sold= Inventory on hand*(Cost-Current replacement cost)
Let plug in the formula
Cost of Goods Sold=200 units * ($12 - $10)
Cost of Goods Sold= 200 units*2
Cost of Goods Sold = $400 Debited
Therefore the Cost of Goods Sold will be:$400 Debited
Answer:
C nag sa got ko sa yo yang C DAHIL SA VARIABLE
Answer:
See explanation
Explanation:
Consider liabilities due within period of more than 12 months for the long-term liabilities section of the balance sheet.