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Verizon [17]
3 years ago
11

On March 17th, Rollo's Antiques accepted a credit card for a $1,000 purchase. The credit card company charges a 2% service fee.

The entry to record this transaction would include a A : credit to Service Charge Expense of $20. B : debit to Cash of $1,000. C : debit to Service Charge Expense of $20. D : credit to Cash of $980.
Business
1 answer:
Ne4ueva [31]3 years ago
3 0

Answer:

C : debit to Service Charge Expense of $20

Explanation:

The complete journal entry used to record this transaction would be:

March 17, 202x, sales revenue

Dr Cash 980 (assuming the transaction is processed automatically)

Dr Service charge (or Credit card) expense 20

    Cr Sales revenue 1,000

Since the credit card company is charging you a 2% commission ($20), we must consider it an expense. Remember that all expenses must be debited.

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The proteins that exert the greatest colloid osmotic pressure to maintain blood volume and blood pressure are called.
lesya [120]

The proteins that exert the greatest colloid osmotic pressure to maintain blood volume and pressure are called: Serum Albumin.

<h3>What is Serum Albumin?</h3>

Serum Albumin is a form of protein that is located in blood plasma. It makes up about 55% of the proteins in blood plasma.

Serum albumin also exerts the greatest colloid osmotic pressure that amounts to 22 mm Hg. This figure is followed by the globulins that account for pressure of just 6 mm Hg.

Learn more about Serum Albumin here:

brainly.com/question/2456851

8 0
2 years ago
Francisco leased equipment from Julio on December 31, 2021. The lease is a 10-year lease with annual payments of $159,000 due on
vodomira [7]

Answer: $789855

Explanation:

Initial liability = $1,006,192

Less: Payment = $159,000

Liability = $847192

× Implicit rate 12%

Interest = 12% × $847192 = $101663

Then, reduced balance will be:

= Payment - Interest

= $159,000 - $101663

= $57337

Therefore, Francisco lease liability at December 31, 2022 will be:

= $847192 - $57337

= $789855

4 0
3 years ago
A dressmaker can sew 400 garments with 100 bolts of fabric and 1,500 hours of labor. Another dressmaker can sew 400 garments wit
faust18 [17]

Answer:

No, because the second method has lower total costs of production.

Explanation:

In a bid to make profits businesses must always compare different processes and choose the cheapest one.

This will eventually reflect in the profitability of the business.

In this instance let's get the cost of each process.

Fabric costs $110 a bolt and labor costs $20 an hour.

The first dress maker can sew 400 garments with 100 bolts of fabric and 1,500 hours of labour

Total cost = (100 bolts * 110) + (1500 * 20)

Total cost = $41,000

For the second dress maker he can sew 400 garments with 150 bolts of fabric and 1,000 hours of identical labour

Total cost = (150 *110) + (1000 * 20)

Total cost = $36,500

As can be seen the second dressmaker has a lower cost of production so he is more efficient than the first dress maker

7 0
3 years ago
You make $13.00 Per Hour. You work 40 hrs. a week for 5 weeks this month. Total Hrs. Worked = _____
tangare [24]

Answer:

assuming that this month was extraordinarily long, and had more days than any other month in history, you worked a total of 5 x 40 = 200 hours

Also, due to length of the month, you will earn 200 hours x $13 = $2,600

Generally months tend to have between 20-23 labor days

5 0
3 years ago
is the organization providing a charitable or public service? if so, what is it? will the company still have profit to motive?
deff fn [24]
Here is the answer to your question
Hope it helps!

4 0
2 years ago
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