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oksian1 [2.3K]
3 years ago
15

Wilcox Electronics uses sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Ide

ntify the journal in which each transaction should be recorded. a. Sold merchandise on credit. e. Sold merchandise for cash. b. Purchased shop supplies on credit. f. Purchased merchandise on credit. c. Paid an employee’s salary in cash. g. Purchased inventory for cash. d. Borrowed cash from the bank. h. Paid cash to a creditor. (Page 278).
Business
1 answer:
Nookie1986 [14]3 years ago
5 0

Answer and Explanation:

The sales journal records the sales transactions

The purchase journal records the purchase transaction

The cash receipts records that transactions in which cash is received

The cash payment records that transactions in which cash is paid

And, the general journal records the transactions related to adjusting entries, opening stock , etc

Based on this the identifications are as follows

a Sold merchandise on credit   = Sales journal

b. Purchased shop supplies on credit = Purchase journal

c. Paid an employee’s salary in cash = Cash payment journal

d. Borrowed cash from the bank = Cash receipt journal

e. Sold merchandise for cash =  Cash receipts journal

f. Purchase merchandise for cash = Cash payment journal

g. Purchased inventory for cash = Cash payment journal

h. Paid cash to a creditor = Cash payment journal

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A production department's output for the most recent month consisted of 8,000 units completed and transferred to the next stage
sergiy2304 [10]

Answer:

e. 10,500 units.

Explanation:

<em>the equivalent units of production - direct materials</em>

<em>Note : Units in ending Work in Process inventory were 50% complete with respect to direct materials</em>

units in ending Work in Process inventory (5,000×50%)                = 2,500

units completed and transferred to the next stage (8,000×100%  = 8,000

Total                                                                                                    = 10,500

<em>the equivalent units of production - conversion costs</em>

<em>Note : Units in ending Work in Process inventory were 50% complete with respect to conversion costs</em>

units in ending Work in Process inventory (5,000×50%)                = 2,500

units completed and transferred to the next stage (8,000×100%  = 8,000

Total                                                                                                    = 10,500

5 0
3 years ago
How would you write a business memorandum to this topic?
Artyom0805 [142]

Answer:

To ,

The Concern specialists/Editor/Citizens  

Subject: To Generate Cash for social assistance right now tempest and debacle .  

Dear partners ,  

We are confronting an incredible test to loss of our home and harms to our infrastructural improvement . As, I am another business visionary . I wish to contribute cash to greatest individuals with the goal that they can fix their home. This can not be conceivable without your important commitment and backing. I demand each resident , understudies, clients of treats, specialists and so forth to contribute wilfully at all you wish to do right now cause and at the hour of crisis.  

Looking for your gifts and an important commitment.  

Yours Sincerely,  

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3 0
3 years ago
A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On
pychu [463]

Answer:

The correct answer is C

Explanation:

The amount of cash paid on July 8 is computed as:

Amount of goods worth = Purchased amount - Returned goods worth  Amount of goods worth = $1,800 - $200

Amount of goods worth  = $1,600

As the amount is paid within the terms of 10 days, so the amount is eligible for the discount of 2%, it is as:

Amount to be paid in cash = Amounts of goods worth - ( Amounts of goods worth × Discount)

where

Amounts of goods worth is $1,600

Discount is of 2%

Putting the values above:

Amount to be paid in cash = $1,600 - ($1,600 × 2%)

Amount to be paid in cash = $1,600 - 32

Amount to be paid in cash = $1,568

8 0
2 years ago
You have driven 800 miles on a vacation and then you notice that you are only 15 miles from an attraction you hadn't known about
Semenov [28]

you get out of the car take a photo and get back in and drive

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5 0
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An import quota seeks to guarantee domestic industries ______.
lyudmila [28]

Answer:

a. will have access to experts who can decide international trade disputes.

Explanation:

7 0
2 years ago
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