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GuDViN [60]
2 years ago
10

For each situation listed below, indicate the effect on the debit and credit column of the trial balance.a. Journal entry for sa

le on account was posted for $3,000 rather than $300. b. Cash balance was entered in credit column. Total column wasn't added correctly. c. Debits should have totaled $50,000 but accountant calculated $55,000. d. Revenue account balance entered in debit column rather than the credit column. d. Accounts Payable balance was entered in wrong column. Account had normal balance.
Business
1 answer:
Ray Of Light [21]2 years ago
5 0

Answer and Explanation:

The indication of the following transactions are as follows in the trail balance

Particulars          Debit                   Credit

a.                     Overstated            Overstated

b.                     Understated          Overstated

c,                     Overstated             No effect

d.                    Overstated            Understated

e.                    Overstated            Understated      

These are the effects for each of the given transaction

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foreign franchising

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3 years ago
At KL Corporation, budgeted sales in units for April, May, and June are 50,000 units, 36,000 units, 40,000 units, respectively.
kiruha [24]

Answer:

Sales revenue= $180,000

Explanation:

Giving the following information:

Budgeted sales:

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6 0
3 years ago
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8 0
1 year ago
Marketers segment markets to achieve which of the following objectives?
Zolol [24]
<h2><em><u>Question:</u></em></h2>

<em>→</em><em>Marketers segment markets to achieve which of the following objectives?</em>

<h2><u><em>Choices</em><em>:</em></u></h2>

<em>a. To create an offer that best fits the desires of the groups that exist in the </em><em>market.</em>

<em>b. To identify the most appropriate media for advertising,</em>

<em>C. To better understand their target segments.</em>

<h2><em><u>Answer:</u></em></h2>

  • <em>a. To create an offer that best fits the desires of the groups that exist in the </em><em>market.</em>
<h2><em><u>Explanation:</u></em></h2>

<em>→</em><em>marketing efficiency by directing effort specifically toward the designated segment in a manner consistent with that segment's characteristics.</em>

<em>#</em><em>B</em><em>r</em><em>a</em><em>i</em><em>n</em><em>l</em><em>i</em><em>e</em><em>s</em><em>t</em><em>B</em><em>u</em><em>n</em><em>c</em><em>h</em>

3 0
2 years ago
Metlock, Inc. began the year with retained earnings of $402000. During the year, the company recorded revenues of $487000, expen
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Answer:

$466,500

Explanation:

Assuming Metlock, Inc is free of tax, tax rate = 0%

Net profit of the year = (revenues - expenses) * (1- tax rate)

=  $487,000 - $384,000 = $103,000

Retained earnings balance at the end of the year

= Retained earnings balance at beginning of the year + net profit - dividend paid

= $402,000 + $103,000 - $38500

= $466,500

6 0
3 years ago
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