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
marissa [1.9K]
3 years ago
15

Accompanying a bank statement for Marsh Land Properties is a credit memo for payment on a $15,000 one-year note receivable and $

900 of interest collected by the bank. Marsh Land Properties had been notified by the bank at the time of collection, but had made no entries. Journalize the entry that should be made by Marsh Land to bring the accounting records up to date. If an amount box does not require an entry, leave it blank.
Business
1 answer:
SVETLANKA909090 [29]3 years ago
4 0

Answer:

Explanation:

The  journal entry is shown below:

Cash A/c Dr 15,900

To Notes Receivable A/c $15,000

To  Interest Revenue A/c $900

(Being cash is collected with respect of notes receivable and interest revenue)

For recording this transaction, we debited the cash account and credited the notes receivable and interest revenue account

You might be interested in
A company is using a mobile device deployment model in which employees use their personal devices for work at their own discreti
Elis [28]

Answer:

no entiendo un carajoooooool

8 0
3 years ago
When creating a campaign in enterprise campaigns, consult with your design team on the specific colours that are true to your co
steposvetlana [31]
When creating .......................... that are true to your company's branding and use HEX VALUES to select the right colour whenever possible. 
Hootsuite is a social media management platform. The software allow users to schedule and post updates to any page or profile on the various social media. The software also allows users to create their own campaigns, using the colours that represent their brands. Hex values are installed as part of the software to help users pick the right colours depending on their needs.
8 0
4 years ago
Sunland Company uses a perpetual inventory system. Its beginning inventory consists of 83 units that cost $56 each. During June,
german
<h3>Item 1:</h3>

Debit : Merchandise $13,888.

Credit : Accounts Payable $13,888.

<h3>Item 2:</h3>

Debit : Merchandise $560.

Credit : Accounts Payable $560.

<h3>Item 3:</h3>

Debit : Accounts Receivable $17,098.

Debit : Cost of Sales $11,536.

Credit : Sales Revenue $17,098.

Credit : Merchandise $11,536.

<h3>What is meant by inventory system?</h3>
  • A supply chain's full stock, supplies, and sales are tracked using an inventory system.
  • Businesses use inventory systems to make sure they are fully aware of the goods they have on hand and where they are.

<h3>What is inventory system with example?</h3>
  • All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory.
  • Example: Only the newspaper will be regarded as inventory if a newspaper vendor utilizes a vehicle to distribute newspapers to clients.
  • The car will be considered an asset.

<h3>What is inventory system and methods?</h3>
  • The procedures and software you employ to plan, order, store, and manage your inventory are known as inventory control methods.
  • There are generally two types of inventory control  manual and perpetual.
  • You must routinely perform physical counts of inventory when using manual inventory control.

<h3>What is the purpose of inventory?</h3>
  • Keeping a steady supply of goods on hand for activities is inventory's primary purpose.
  • Your company should look for the sweet spot between too much and too little stock, without ever running out, in order to carry out this duty efficiently.

Learn more about  inventory system here:

brainly.com/question/25887081

#SPJ4

3 0
2 years ago
Suppose Kitchen HelpersKitchen Helpers manufactures cast iron skillets. One model is a​ 10-inch skillet that sells for $36. Kitc
9966 [12]

Answer:

The budgeted gross profit for July is $ 11,000.

Explanation:

total cost of goods sold per july = $8,800

total units sales = $ 550

cost of goods sold for unit = $16

budgeted sale per unit is = $36

budgeted gross profit for unit = selling price - cost of goods sold

                                                  = $36 - $16

                                                  = $20

total budgeted gross profit for july

= total units sales in july *gross profit per unit  

= 550*$20

= $ 11,000

Therefore, The budgeted gross profit for July is $ 11,000.

3 0
4 years ago
Why do countries trade?​
Helen [10]

Answer:

Most of the time it's simply for goods another country has that they don't.

Explanation:

Back around 1500 china traded with places like Europe, Africa and other parts of Asia simply for different spices and resources.

8 0
3 years ago
Other questions:
  • Downsizing is a strategy that
    12·1 answer
  • Rodriguez Company pays $375,280 for real estate plus $20,100 in closing costs. The real estate consists of land appraised at $15
    7·2 answers
  • Being able to drive a car is an example of a skill. Please select the best answer from the choices provided T F
    13·2 answers
  • A private pilot wishes to insure his airplane for$200,000. The insurance company estimates that a total loss will occur with pro
    11·1 answer
  • Skysong Company signed a long-term noncancelable purchase commitment with a major supplier to purchase raw materials in 2021 at
    6·1 answer
  • When purchasing a new computer, first determine the brand you want. True or False
    11·2 answers
  • g How would you define the role of human resources in your organization? How does it compare with the information in this week's
    14·1 answer
  • All of the fixed manufacturing overhead costs would continue whether Part B89 is made internally or purchased from an outside su
    10·1 answer
  • Rauch Incorporated leases a piece of equipment to Donahue Corporation on January 1, 2017. The lease agreement called for annual
    8·1 answer
  • Which one of the following is common between optimization using total value and optimization using marginal​ analysis?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!