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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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which of the following is an example of a project that belongs to the functional area of accounting and finance? a. market resea
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Planning a firm's initial public offering is an example of a project that belongs to the functional area of accounting and finance.

A primary marketplace is a supply of recent securities. Frequently on a change, it is where organizations, governments, and other agencies go to achieve financing via debt-primarily based or equity-primarily based securities.

Number one markets are facilitated by way of underwriting corporations such as investment banks that set a starting charge range for a given protection and oversee its sale to buyers.

As soon as the initial sale is entire, similarly, trading is performed at the secondary marketplace, wherein the bulk of trade trading occurs every day.

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1 year ago
1. Reynolds Corporation has the following cost and production information available for the 10,000 units they plan to produce th
serg [7]

Answer:

Explanation:

Total cost per unit <u><em>(Which is calculated by adding up the fixed costs and variable costs and dividing by the overall quantity of units produced.)</em></u> is calculated below:

(20 + 30 + 8 + 13 + 12 + 7)

90

Desired return

20% on 1440000

288000

Per unit 288000/10000.

28.8

Markup on cost

Desired return per unit

28.8

Cost 90

28.8 /90 = 32% on cost

Target sale price

90+28.8

= 118.8

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3 years ago
APEX : Which of the following would appear in the Debits column of a bank statement for a checking account?
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Answer: an online bill payment

Explanation:

I’m doing apex and it shows that the correct answer is an online bill payment

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Answer:

The correct answer is 3

good luck ❤

Explanation:

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