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BARSIC [14]
4 years ago
11

Please help it’s due today It’s business About location

Business
1 answer:
Olegator [25]4 years ago
4 0
A car repair service requires an outdoor space for the cars to drive into/be serviced. There is not a large indoor space required due to the fact that staff are mainly outside working on the cars. With an accounting firm, there is a significantly larger number of staff so a large indoor space is required. This an accounting firm requires a location that is larger and closer to the city so it is accessible to all staff. A car repair service can be located somewhere with outdoor space and generally isn’t located in the city
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3 years ago
On November 1, 2018, Cullumber Farm entered into a contract to buy a $162000 harvester from John Deere. The contract required Cu
Vikki [24]

Answer:

The journal entry to record the contract on November 1, 2018 includes: credit to Accounts Receivable for $162000

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Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made. On November 1, 2018, Cullumber Farm had to pay $162,000 in advance to John Deere. John Deere recorded the cash receiving by the entry:

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