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Anarel [89]
3 years ago
5

Which of the following is an internal event?

Business
2 answers:
anygoal [31]3 years ago
8 0

Answer: The correct answer is "C.  A company picnic for employees".

Explanation: An internal event is an event to which only people belonging to the same entity, institution or company can attend. For example A company picnic for employees.

An external event is that event in which not only members or employees of a company can attend but also an external public that does not belong to the company in question. For example: An indoor company-sponsored concert that's open to the public.

ludmilkaskok [199]3 years ago
5 0
The answer is c. Internal events are kind of like a V.I.P. things while external events are more public.
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3 years ago
Prepare journal entries to record each of the following sales transactions of a merchandising company. The company uses a perpet
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Answer: please find the explanation column for answers

Explanation:

journal entry to record the sales transaction of a merchandising company:

Date        Account                           Debit           Credit

Apr 1      Account receivables        $5,400

                   Sales                                                   $5,400

To record cost of goods sold

 Apr 1           Cost of merchandise sold       $3,240

          Merchandise inventory                                   $3,240

2. To record sales  return of goods.

Date        Account                           Debit           Credit

 Apr 4             Sales Return       $620.00  

  Account Receivable                                $620.00

Cost of merchandised returned

Apr 4  Merchandise Inventory        $372.00  

 Cost of Goods Sold                                     $372.00

3.To Record Sales made from merchandise

Date        Account                           Debit           Credit

Apr 8      Account Receivable $2,200.00  

                     Sales                                             $2,200.00

To Record cost of merchandise Sold

Apr 8    Cost of Goods Sold             $1,540.00  

Merchandise Inventory                                        $1,540.00

 

4.Journal to record payment received from sales of merchandise

Date        Account                           Debit                Credit

Apr 11     Cash                   $4,780.00  

Account receivable                                            $4,780.00

Calculation

Amount due from Apr 1 st sale less than return on April 4 =Account receivables - Sales Return=   $5,400- $620=$4,780.00

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