Answer:
July 1
No Entry
Sep 1
Dr Cash $2,000
Dr Accounts Receivable $400
Dr Cost of goods sold $1,100
Cr Inventory $1,100
Cr Unearned Service Revenue $554
Cr Sales Revenue $1,846
Oct 15
Dr Cash $400
Dr Unearned Service Revenue $554
Cr Service Revenue $554
Cr Accounts Receivable $400
Explanation:
Preparation of the journal entries for Geraths in 2020.
July 1
No Entry
Sep 1
Dr Cash $2,000
Dr Accounts Receivable $400
($2400-$2000)
Dr Cost of goods sold $1,100
Cr Inventory $1,100
Cr Unearned Service Revenue $554
($600/$600+$2000*$2400)
Cr Sales Revenue $1,846
($2,000/$600+$2000*$2400)
Oct 15
Dr Cash $400
($2400-$2000)
Dr Unearned Service Revenue $554
Cr Service Revenue $554
($600/$600+$2000*$2400)
Cr Accounts Receivable $400
($2400-$2000)
Answer:. CSV and PDF
Explanation:
QuickBooks is an Accounting software that was developed to mainly help small to medium size companies maintain a proper accounting system.
The Wholesale billing option enables the owner to pay the subscription for the clients that they moved to the wholesale billing list.
When downloading an itemized invoice for this there are 2 file formats that QuickBooks permits people to use which are CSV and PDF file formats.
Answer:
Purchases = 2100 shovels
Explanation:
given data
ending inventory = 500 shovels
Budgeted sales = 1,950 shovels
inventory = 320 shovels
to find out
How many shovels should Benson Stores purchase for December
solution
we know here ending inventory formula that is express as
Ending inventory = Beginning inventory + Purchases - Sales .......................1
put here value we will get Purchases
so that
500 = 320 + Purchases - 1950
Purchases = 500 + 1950 - 350
Purchases = 2100 shovels
Answer: (A) Electronic data exchange
Explanation:
The electronic data exchange system is the type of software which is used for transferring the data from one system to another computer system.
The EDI system is used for exchanging various types of business document in an organization.
By using the electronic data exchange method we can easily and fastly transfer the file and document to the destination computer system without any human intervention.
This type of software is used in various types of business for exchange documents between the customers and suppliers.
Therefore, Option (A) is correct.
Hello there,
The answer to your question is reliability
Hope this helps :))
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