1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aleksley [76]
3 years ago
13

Credit sales are recorded as: Multiple Choice Debit Accounts Receivable, credit Service Revenue. Debit Cash, credit Deferred Rev

enue. Debit Service Revenue, credit Accounts Receivable. Debit Cash, credit Service Revenue.
Business
1 answer:
avanturin [10]3 years ago
7 0

Answer:

Debit Accounts Receivable, credit Service Revenue

Explanation:

Debit Accounts Receivable, credit Service Revenue.

This shows that the sales have been made and we have an asset account that is accounts receivables.  Sales Revenue has been earned that will be adjusted through Accounts Receivable accounts. Sales Revenue is an income account and Account receivable is an asset account.

Some credit Sales have terms such as interest income terms that an amount will be received once a fixed time period is over if the payment is not made.

You might be interested in
Why do investors need to determine their investment objective before they invest?
dsp73
Answer: Risk and reward.
5 0
4 years ago
Katie dough is a successful dentist and a wonderful pastry chef. she earns $800 a day on average in her dental practice. her fri
GaryK [48]

Answer:

No

Explanation:

Katie's opportunity cost is too high. She is giving up more money at the dental practice than the $100 she would be saving by making the pastries from hand instead of ordering them from the caterer. The group should continue to order the pastries and split the cost among all the friends so each person's share is lower.

3 0
3 years ago
You are the production manager for Connor's Construction, Inc. You decide to change the production procedure to increase efficie
victus00 [196]

Answer:

<u>Different assessment and goals.</u>

Explanation:

In this issue there is resistance to change related to evaluation and different objectives, as the production manager has made a decision to change production processes in order to increase efficiency, and one of his employees does not believe the idea. This is because there are different perspectives among employees in an organization, resistance to change affects each individual differently and leads them not to support significant changes that will change the process that already exists in the organization. It is usually related to individual beliefs and insecurity to novelties. To break barriers to resistance to change, it is essential that the manager adopt clear and direct communication and present the benefits linked to change.

7 0
3 years ago
Crane, Inc. had net sales in 2020 of $1,488,400. At December 31, 2020, before adjusting entries, the balances in selected accoun
Arte-miy333 [17]

Answer:

Explanation:

The journal entry to record the bad debt expense is shown below:

Bad debt expense A/c Dr  $11,181

  To Allowance for doubtful debts  $11,181

(Being bad debt expense is recorded)

The computation of the bad debt expense is shown below:

= (Accounts receivable × estimated percentage given ) - (credit balance of Allowance for Doubtful Accounts)

= ($206,300 × 7%) -  ($3,260)

= $14,441 - $3,260

= $11,181

4 0
3 years ago
The table represents the Consumer Price Index for a basket of goods and services for three consecutive years. Calculate the infl
g100num [7]

Correct option: 44 Percent

Inflation rate is general rise in the price of goods and services. Inflation rate can be calculated by calculating the percentage difference in consumer price index.

Inflation rate = \frac{CPI1_{1}-CPI_{0}}{CPI_{10}}

Inflation Rate =\frac{180-125}{125}                        =\frac{55}{125}                        =44 percent

Therefore, Inflation rate would be 44%.

4 0
3 years ago
Read 2 more answers
Other questions:
  • Sosa Company reported net income of $190,000 for 2017. Sosa Company also reported depreciation expense of $35,000 and a loss of
    7·1 answer
  • a data warehouse is a database of finely detailed customer and market information that needs to be sifted through for significan
    10·1 answer
  • Imagine that in 2010, the economy is in long-run equilibrium. Then stock prices rise more than expected and stay high for some t
    8·1 answer
  • Judy Olsen, Kristy Johnston, and their mother, Joyce Johnston, owned seventy-eight acres of real property on Eagle Creek in Meag
    12·1 answer
  • Imagine that Jack and Jill buy $500 worth of milk and $200 worth of crayons and coloring books each year for use in their day-ca
    6·1 answer
  • On September 1, 2021, Middleton Corp. lends cash and accepts a $2,100 note receivable that offers 8% interest and is due in six
    15·1 answer
  • You have $11,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 15 percent and Stock Y with
    5·1 answer
  • A special project is going to be started by Hally Corporation. Company is considering using stocks of an old raw material in a s
    14·2 answers
  • Consider a simple economy that produces two goods: cupcakes and oranges. The following table shows the prices and quantities of
    8·1 answer
  • During the year, Wright Company sells 400 remote-control airplanes for $100 each. The company has the following inventory purcha
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!