1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
s344n2d4d5 [400]
3 years ago
12

Sun Devil Hair Design has the following transactions during the month of February. February 2 Pay $700 for radio advertising for

February. February 7 Purchase beauty supplies of $1,300 on account. February 14 Provide beauty services of $2,900 to customers and receive cash. February 15 Pay employee salaries for the current month of $900. February 25 Provide beauty services of $1,000 to customers on account. February 28 Pay utility bill for the current month of $300.
Required:

Record each transaction. Sun Devil uses the following accounts: Cash, Accounts Receivable, Supplies, Accounts Payable, Service Revenue, Advertising Expense, Salaries Expense, and Utilities Expense.
Business
1 answer:
lord [1]3 years ago
5 0

Answer:

Sun Devil Hair Design Journal entries

Feb. 2

Dr Advertising expense 70p0

Cr Cash 700

Feb. 7

Dr Supplies 1,300

Cr Accounts payable 1,300

Feb. 14

Dr Cash 2,900

Cr Service revenue 2,900

Feb. 15

Dr Salaries expense 900

Cr Cash 900

Feb. 25

Dr Accounts receivable 1,000

Cr Service revenue 1,000

Feb. 28

Dr Utilities expense 300

Cr Cash 300

Explanation:

No further explanation was been given in this question.

You might be interested in
The nike swoosh is an example of ________ tools to create a position for the brand that distinguishes it from its competitors?
Jet001 [13]

Answer:

Symbolism

Explanation:

The nike swoosh is an example of position based on symbolism tools for the brand to distinguishes itself from its competitors?

Cheers

3 0
3 years ago
the owl’s roost started out as a roadside farm stand that sold its organic fruits, vegetables, and homemade baked goods to custo
Lerok [7]

Marketing channels are employed in a bid to aid the distributorship of goods to customers. The marketing channel that was employed by Owl's Roost in the above example is;

  • Indirect Marketing Channel with one Intermediary

Indirect marketing or indirect selling occurs when businesses employ one or more intermediaries to help out in the distribution of their goods to customers. This is what Owl's Roost applied in this case.

The local market that was employed to aid distribution is the one intermediary that Owl's Roost used to sell its organic fruits and vegetables.

Learn more here:

brainly.com/question/6699593

8 0
3 years ago
Type the correct answer in the box. Spell all words correctly. Help Please!!!
Flura [38]

Answer:

Which non-cash expense is added back to the net profit in the indirect method of preparing a cash flow statement? DEPRECIATION

The indirect method of preparing a cash flow statement adds a non-cash expense, such as DEPRECIATION and or AMORTIZATION, to the net profit.

Explanation:

Cash flow statement is a statement of account or financial statement prepared by firms or organisations that shows how money comes or flow into a company. It also shows the amount of money that a company receives from sales of their goods and services.

Cash flow statement also shows us the money invested my the company in outside ventures which is used for generating revenues for the company.

There are two methods of preparing Cash flow statements

a. Indirect method.

b. Direct method

The indirect method of preparing a cash flow statement involves stating the net income of the firm and then adding back non cash expenses such as Depreciation, Amortization back to the net profit. After which the determination of the actual inflow or outflow of cash from firm in carried out.

5 0
3 years ago
StartUp Investors, LLC, is a limited liability company without a written operating agreement. Among the members, a dispute arise
enot [183]

<u>Answer:</u>Divide the profits equally for all the members.

<u>Explanation:</u>

The capital accounts should mention the allocation of each members profit share and the capital contribution. The ownership of the members can be identified with this contribution. The profit sharing depends on the percentage share of the members.

If there is any flexibility in the arrangement then the it has to be mentioned clearly in the agreement. In StartUp investors case there is no operating written agreement so the profits will be divided among the members equally. If this is done in knowledge of all the members then the losses will also be borne by them.

6 0
3 years ago
You made an investment of $16,500 into an account that paid you an annual interest rate of 2.8 percent for the first 7 years and
iragen [17]

Answer:

0.05712790 or 5.71%

Explanation:

Annual rate of return = [(1+ r1)^n1 x (1 + r2)^n2]^[1/(n1 + n2)] - 1

n1 is the time period in which annual interest rate =2.8%

n2 is the time period in which annual interest rate =7.2%

So, n1 = 7 years and n2 = 14 years

= [(1+2.8%)^7 x (1+7.2%)^14]^[1/(7 + 14)] - 1

= (1.21325420 x 2.64683577) ^ 1 / 21 - 1

= 1.05712790 - 1

= 0.05712790 or 5.71%

4 0
3 years ago
Other questions:
  • A company has 825 shares of $50 par value preferred stock outstanding, and the call price of its preferred stock is $63 per shar
    12·1 answer
  • In a price​ system, changes in prices
    10·1 answer
  • Russell's is considering purchasing $697,400 of equipment for a four-year project. The equipment falls in the five-year MACRS cl
    7·1 answer
  • Greenfield ventures, like all market entry strategies, can pose serious problems to achieving foreign market entry success. What
    13·1 answer
  • What are five foundations of economics?
    10·1 answer
  • Cotton On Ltd. currently has the following capital structure: Debt: $3,500,000 par value of outstanding bond that pays annually
    10·1 answer
  • Petrus Co. has a unique opportunity to invest in a two-year project in Australia. The project is expected to generate 1,000,000
    11·1 answer
  • Blossom Company purchased equipment on January 1 at a list price of $100000, with credit terms 2/10, n/30. Payment was made with
    9·1 answer
  • If output is given by a Cobb-Douglas production function, real GDP is growing at 4%, the capital to labor ratio is constant, and
    7·1 answer
  • Differentiate perimeter controls from internal controls. Give examples. What controls constitute a defense in depth strategy? ex
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!