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Anit [1.1K]
3 years ago
13

ABC made a $15,000 sale on account with the following terms: 1/10, n/30. If ABC uses the gross method to record sales made on cr

edit, what is/are the debit(s) in the journal entry to record the sale?a. Debit Accounts Receivable for $14,850.b. Debit Accounts Receivable for $14,850 and Sales Discounts for $150.c. Debit Accounts Receivable for $15,000.d. Debit Accounts Receivable for $15,000 and Sales Discounts for $150.
Business
1 answer:
Zina [86]3 years ago
6 0

Answer:

d. Debit Accounts Receivable for $15,000 and Sales Discounts for $150.

Explanation:

Because Gross Method record the invoice at full price and the discount applied separately.

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Suppose executives at an art museum know that 100 adults are willing to pay $12 for admission to the museum on a given weekday.
e-lub [12.9K]

The museum will earn $600 on a weekday.

<h3>What is an art museum?</h3>
  • A structure or area designated for the exhibition of art, typically from the museum's own collection, is known as an art museum or gallery.
  • It may be owned by the government or a private individual, and access may be open to everyone or subject to limitations.
<h3>Who are executives?</h3>
  • An executive manages operational activities for their company or organization and is typically in charge of developing policies and strategies to achieve organizational objectives.
  • Executives frequently travel to conferences, meetings, and local, regional, national, and worldwide offices.
<h3>Solution -</h3>

Adults willing to pay = 100 and their fees = $12.

Students are willing to pay = 200 and their fees = $8.

Operating cost of museum = $2,200.

To find the profit, do the following:

(100 * 12) + (200 * 8) = 1200 + 1600 = 2800\\2800 - 2200 = 600

Therefore, the museum will earn $600 on a weekday.

Know more about operational activities here:

brainly.com/question/25530656

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5 0
2 years ago
something people buy to protect themselves from losing a lot of money in the event something happens to them or their property i
Artemon [7]

Answer:

it is known as: Insurance

4 0
2 years ago
Some people consistently make great investment decisions. Why?
zloy xaker [14]

The answer is D:both A and B

5 0
3 years ago
Select the best answer: A Notary Signing Agent has been providing signing services with no incidents for over 10 years without h
joja [24]

Answer:

Must still arrange to obtain and pass a background screening

Explanation:

A notary agent is also called a signing agent and they obtain the official signature of an appearer on a document. They ensure that legal documents are authentic, they check identity of the person signing, and serve as witness.

Notary agents are required to obtain a background check every 12 months.

Background checks verify identity, address, criminal record search, vehicle records, and known terrorist list check.

So the notary agent that has been providing signing services for 10 years still needs to obtain a background check.

6 0
3 years ago
Crystal Lodging recorded $330,000 in revenues, $247,500 in expenses, and $45,000 of dividends for the year. The company began th
Brilliant_brown [7]

Answer:

b.$127,500 increase

Explanation:

Using Accounting Equation we can find thetotal increase in total assets:

Assets = Equity + Liabilities

Change in Assets = Change in Equity + Change in Liabilities

Change in Assets = $37,500 + $90,000

Change in Assets = $127,500

Total Change in equity and liabilities will be equal to the change in Assets.

So, the correct answer is b.$127,500 increase.

7 0
3 years ago
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