Answer:
Part 1. The purchase of supplies for $760 cash was debited to Equipment $200 and credited to Cash $200.
Merchandise $ 760 (debit)
Cash $ 560 (credit)
Equipment $200(credit)
Part 2. A $530 dividend was debited to Salaries and Wages Expense $800 and credited to Cash $800.
Cash $270 (debit)
Dividend $530 (debit)
Salaries and Wages $ 800 (credit)
Part 3. A payment on account of $700 to a creditor was debited to Accounts Payable $230 and credited to Cash $230
Account Payable $470(debit)
Cash $470 (credit)
Explanation:
Part 1. The purchase of supplies for $760 cash was debited to Equipment $200 and credited to Cash $200.
Derecognise the $ 200 Equipment recored in error.The Cash figure was understated, therefore derecognise a further $560 to reflect the outflow of economic benefits. Lastly the Merchandise or Inventory Account must the recognised. This is the correct asset account to the original transaction.
Part 2. A $530 dividend was debited to Salaries and Wages Expense $800 and credited to Cash $800.
Recognise an equity element - Divident. Assets of cash were overstated therefore recognise the overstated amount of $270. Salaries and Wages Account was recognised in error therefore de-recognise this expense account.
Part 3. A payment on account of $700 to a creditor was debited to Accounts Payable $230 and credited to Cash $230
The transactions was recorded in correct accounts for the debit and credit but with wrong or understated amounts. Recognise a further $230 for Accounts Payable and a further 4230 for Cash
Answer:
The correct option is;
B. You have an increased chance of financial stability
Explanation:
The advantages of going to college includes;
1) College graduates make more salary on average
2) Holding a college degree improves career stability
3) Improved job satisfaction
4) Improved financial know how on savings and investment
5) Stable marital life
6) College graduate are able to be better citizens, by their willingness and ability to contribute meaningfully whenever a volunteer requirement
Answer:
Standard cost = $5.57
Explanation:
As per the data given in the question,
Standard cost = Standard usage * standard price
Ingredient Amount/gallon st. waste St. usage St. price St. cost
Lime 24.0 Oz 4% .96X=24.0 Oz=25 Oz 0.15 $3.75 kool-drink
Sugar .72 lb 10% .90X=.72 lb = 0.8 lb $0.65 $0.52
Protein tablets 2 0% 2 $0.40 $0.80
Water 50 Oz 0% 50 Oz $0.01 $0.50
Total $5.57
Total standard cost = $3.75 + $0.52 + $0.80 + $0.50
= $5.57
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Answer: (C) Shakeout stage
Explanation:
The shakeout stage is one of the term which is used to refers to the business that helps in describe about the various types of industries which is specifically eliminating due to the competition factor in the market.
The shakeout stage is basically occur when an organization is experience a quick growth and then generating the various types of negative flowing in terms of cash.
According to the given question, the shakeout stage is one of the type of industry life cycle stage in the television industry that helps in holding the shrinking market place.
Therefore, Option (C) is correct answer.