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Marina CMI [18]
3 years ago
15

6) On June 4rd Chandler & Monica Grocery Store collected sales of $5,000 and sales taxes of $200. What is the journal entry

that Chandler & Monica Grocery Store needs to record for this activity? (You may or may not need all rows of this textbox)
Business
1 answer:
Mademuasel [1]3 years ago
6 0

Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr $5,200

     To Sales revenue A/c $5,000

      To Sales tax payable A/c $200

(Being the cash is collected in respect of sales and sales tax)

Since the cash is collected so we debited the cash accounts and the sale is made. Along with it, the sale tax is also collected so these two accounts are credited.

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Answer:

rise by $40 billion

Explanation:

Calculation to determine what the investment will be

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3 years ago
A company's flexible budget for the range of 35,000 units to 45,000 units of production showed variable overhead costs of $2 per
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Answer:

c. $3,200 favorable.

Explanation:

We know that

Total controllable cost variance = Budgeted overhead cost - actual overhead cost

where,

Budgeted overhead cost =  Variable overhead + Fixed overhead

where,

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= $3,200 favorable

7 0
3 years ago
You are trying to decide whether to take a vacation. Most of the costs of the vacation (airfare, hotel, and forgone wages) are m
alina1380 [7]

Answer:

Explanation:

The comparison of psychological benefits to actual tangible costs depends on the individual in question. If the individual is constantly stressed to the point which the stress is affecting his/her health, work performance, mood, behavior around family, etc. then the tangible costs of going on vacation may be worth it. This is because a vacation would provide a moment of relaxation which would relieve all of that individual's stress and in doing so improve the individual's work performance, health, and overall quality of life. Therefore, the comparison between physical benefits to costs is always going to be a personal opinion.

5 0
3 years ago
Which of the following statements is​ true?
pashok25 [27]

Answer:

D. None of the above.

Explanation:

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Some of the factors that cause a change in demand include:

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When there's a change in supply, the supply curve shifts and quantity supplied changes but there's no change in price. Change in supply is caused by other factors that affect supply other than price.

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4 years ago
In which situation is it acceptable for an it professional to access corporate secrets?
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Answer:

the answer you have now is correct.

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3 years ago
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