Answer:
d. debit Accounts Receivable; credit Cash
Explanation:
The cash has been credited with $695 instead of $965 which means that $270 has been credited short. Same way, the liabilities have been debited by $270 short. So, we will have to reverse the entry ie. debit Accounts Receivable; credit Cash
the correct answer is c hope this helps
Answer:
is there just one or is there two questions to be answered.
Explanation:
let me know so I can help ya g
Answer and Explanation:
The computation is shown below:
= (Purchase value of the inventory - returned goods) × discount applied
= ($46,000 - $4,600) × 2%
= $828
Here the perpetual inventory is followed so the Swifty should credit the discount amount by the name of the inventory at $828
Therefore the inventory should be credited by $828
Answer:
Making bread
Explanation:
Lyta has to specialize in making bread. By specialization, it means that lyta should focus it's productive efforts on making bread, because from the question she clearly has an absolute advantage in making bread Since the question says she is more efficient in making bread compared to the other product. It means she can produce bread in larger quantities at same cost or she can produce same quantity of bread at lower cost.
