Answer:
December:
Dr cash $16,000
Cr subscription revenue $16,000
Dr cash $216,000
Cr unearned revenue $216,000
January 2017:
Dr unearned revenue $18,000
Cr subscription revenue $18,000
Explanation:
The sales of 4000 copies at the newstand means that revenue of $16,000($4*4000) has been earned in December,which means that cash would debited with $16,000 and sales revenue credited with the same amount.
In December,the subscriptions received in advance for 2017 of $216,000($36*6000) would be debited to cash and credited to unearned revenue account.
At the end of January,the unearned revenue would be debited with $18,000($216,000/12) in respect of subscription earned as a result of the Magazine been mailed to subscribers in the month,which now entitles the company to one month subscription as earned sales revenue.
Answer:
She must be paid overtime
Explanation:
Based on federal and state laws on overtime, hourly employees such as Ella who work more than 40 hours in a single workweek must be paid a higher wage for every hour past 40. overtime rate should be at least one and a half times Ella's regular pay rate.
The Fair Labor Standards Act (FLSA) states that working over 40 hours in a 168 hour period is counted as overtime
Therefore Ella is eligible for an overtime.
Paden Company purchased merchandise from Emmett Company with freight terms of F.O.B. destination. The freight costs will be paid by the the buyer.
<h3>What is
freight?</h3>
The physical process of transporting commodities and merchandise goods and cargo is known as freight transport. The term shipping originally referred to sea transport, but in American English, it has been expanded to include land and air transport as well.
Standard shipping time in the United States ranges from 2 to 5 business days, depending on where you're sending from and to. It may take a little longer for a package to arrive in a remote location, but in the United States, almost all states can be reached within 5 business days.
To know more about freight follow the link:
brainly.com/question/24920251
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Answer:
D.....................................
Answer:
The estimated inventory at the end of February is $73400 as shown below
Explanation:
Beginning Inventory $57,800
Plus: Net purchases $120000
Freight-in $2,700
Cost of Goods Available for Sale $180500
less: Cost of Goods Sold
Net Sales$180000
Less Estimated Gross Profit $81000
Estimated Cost of Goods Sold $99000
Estimated Inventory before Theft 81500
Less: Stolen Inventory 8,100
Estimated Ending Inventory 73400
Gross profit $180000*45%=$81000
