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Ludmilka [50]
3 years ago
8

MC 1

Business
1 answer:
STatiana [176]3 years ago
6 0
Ensure reliable accounting. It’s kinda obvious because it’s DUMB!
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Selected transactions for Cheyenne’s Dog Care are as follows during the month of March.
Alexxandr [17]

Answer:

Cheyenne’s Dog Care

Journal Entries:

March 1:

Debit Rent Expense $980

Credit Cash Account $980

To record the payment of monthly rent.

March 3:

Debit Accounts Receivable $110

Credit Service Revenue $110

To record the performance of services on account.

March 5:

Debit Cash Account $60

Credit Service Revenue $60

To record the performance of services for cash.

March 8:

Debit Equipment $490

Credit Cash Account $65

Credit Accounts Payable $425

March 12:

Debit Cash Account $110

Credit Accounts Receivable $110

To record the receipt of cash from customers.

March 14:

Debit Wages Expense $430

Credit Cash Account $430

To record the payment of wages.

March 22:

Debit Utilities Expense $60

Credit Cash Account $60

To record the payment of utilities.

March 24:

Debit Cash Account $1,230

Credit Notes Payable (Grafton State Bank) $1,230

To record the signing of a note payable.

March 27:

Debit Plumbing Repairs $180

Credit Cash Account $180

To record the payment for plumbing repairs.

March 28:

Debit Accounts Payable $425

Credit Cash Account $425

To record the payment for equipment purchase.

March 30:

Debit Prepaid Insurance $1,480

Credit Cash Account $1,480

To record the payment for six months insurance.

Explanation:

Cheyenne's Dog Care can use the general journal to record its daily business transactions as they occur.  The journal identifies the accounts involved in each transaction and shows the accounts to be debited or credited as the case may be.

3 0
3 years ago
Deydey hollows out a piece of basswood to make a trough . if one makes trough by hollowing something out, what does trough mean
kaheart [24]
A long hallow bucket that is used to feed animals and to keep water in for animals
5 0
3 years ago
Read 2 more answers
A city government is considering raising the local income tax to pay for improvements to government facilities. a private citize
soldi70 [24.7K]

The results of the survey will most likely suffer from wording bias.

Wording bias:

Wording bias, also called question-wording bias or “leading on the reader” (Gerver & Sgroi, 2017) happens in a survey when the wording of a question systematically influences the responses (Hinders, 2019).

Is wording bias a type of response bias?

Wording bias can come into effect here as well

This type of bias influences the entire gamut of responses from individual or multiple participants.

For instance, if the researcher knows the participant personally, even greeting them in a friendly manner can have a subconscious effect on the responses.

Learn more about this here:

brainly.com/question/28178415

#SPJ4

 

4 0
1 year ago
Read 2 more answers
Thomlin Company forecasts that total overhead for the current year will be $7,584,000 with 158,000 total machine hours. Year to
IRINA_888 [86]

Answer:

(D) $48 per machine hour

Explanation:

The predetermined overhead rate is given by total estimated overhead divided by the total estimated machine hours

Total estimated overhead = $7,584,000

Total estimated machine hours = 158,000 hours

Predetermined rate = $7,584,000 ÷ 158,000 hours = $48 per machine hour

4 0
3 years ago
Read 2 more answers
On May 10, 2020, Splish Co. enters into a contract to deliver a product to Greig Inc. on June 15, 2020. Greig agrees to pay the
Amiraneli [1.4K]

Answer:

May 15, 2020

No Entry

June 15, 2020

Debit: Account Receivable 2,060

Credit Revenue 2,060

Debit COGS 1,380

Credit Inventory 1,380

July 15, 2020

Debit Cash 2,060

Credit Account Receivable 2,060

Explanation:

Preparation of the journal entries for Splish related to this contract.

May 15, 2020

No Entry

June 15, 2020

Debit: Account Receivable 2,060

Credit Revenue 2,060

Debit COGS 1,380

Credit Inventory 1,380

July 15, 2020

Debit Cash 2,060

Credit Account Receivable 2,060

4 0
2 years ago
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