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
blondinia [14]
3 years ago
14

On October 1, Robertson Company sold inventory in the amount of $5,800 to Alberta, Inc. with credit terms of 2/10, n/30. The cos

t of the items sold is $4,000. Robertson uses a periodic inventory system. The journal entry (or entries) prepared by Robertson on October 1 is(are)_______________.a. Debit Sales Revenue and credit Accounts Receivable for $5,800.b. Debit Sales Revenue and credit Accounts Receivable for $5,800; debit Cost of Goods Sold and credit Inventory for $4,000.c. Debit Accounts Receivable and credit Sales Revenue for $5,800.d. Debit Accounts Receivable and credit Sales Revenue for $5,800; Debit Cost of Goods Sold and credit Inventory for $4,000
Business
1 answer:
NeTakaya3 years ago
4 0

Answer:

Option (d) is correct.

Explanation:

Given that,

Inventory sold to Alberta, Inc. on account = $5,800

Cost of goods sold = $4,000

The journal entries are as follows:

(i) On October 1,

Accounts receivable A/c Dr. $5,800

           To sales A/c                             $5,800

(To record the credit sale of inventory)

(ii) On October 1,

Cost of goods sold A/c Dr. $4,000

         To Merchandise inventory A/c     $4,000

(To record the cost of goods sold)

You might be interested in
The economy of Estonia has been successful due to a large amount of
Harlamova29_29 [7]
The answer is D. Traditional Values

Estonia is a small country and doesn't have a large amount of capital and workers, so it's not option a and B

Estonia is really famous for the Economic freedom imposed by its Government so the answer is not option c.


3 0
3 years ago
Read 2 more answers
Percentage analysis, ratios, turnovers, and other measures of financial position and operating results are a. a substitute for s
Kazeer [188]

Answer:

b. useful analytical measures.

Explanation:

All of the financial measures described in the question are all useful analytical measures used in many big companies. The more tools a company can use for their analytics the better and more accurate the results will be. Better and more accurate results then lead to better decisions on what direction to take the company.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
3 years ago
A cement manufacturer has supplied the following data:
atroni [7]

Answer:

Unitary contribution margin= $2.2

Explanation:

Giving the following information:

Tons of cement produced and sold 240,000

Sales revenue $1,008,000

Variable manufacturing expense $439,000

Variable selling and administrative expense $41,000

<u>First, we need to calculate the total contribution margin:</u>

Total contribution margin= 1,008,000 - 439,000 - 41,000

Total contribution margin= $528,000

<u>Now, the unitary contribution margin:</u>

unitary contribution margin= 528,000/240,000

unitary contribution margin= $2.2

5 0
3 years ago
Productivity software has been used for a number of years. Recent advancements in productivity software technology have made ___
frutty [35]
The right answrr in here is Collaboration. Productivity software includes all the last three options and they were included a long time ago. The core of the enhancement of these productivity tools nowadays is for the users to stay in touch no matter the place and colaborate with a determine Job. The best answer is the first one
7 0
2 years ago
Read 2 more answers
The Google Display Ad Planner gives an estimate of both the number of cookies per week and the number of impressions per week li
Katyanochek1 [597]

Answer:

Impressions is how many times the ads will be seen, cookies is the number of unique cookies that actually access the ads.

good luck

7 0
3 years ago
Other questions:
  • 8th business day of this month
    6·1 answer
  • What are private property​ rights? Private property rights​ are:
    7·1 answer
  • Suppose the production function in medieval Europe is Y 5 K 0.5L0.5, where K is the amount of land and L is the amount of labor.
    8·1 answer
  • Parwin Corporation plans to sell 43,000 units during August. If the company has 18,000 units on hand at the start of the month,
    5·1 answer
  • A plant asset acquired on October 1, 2018, at a cost of $400,000 has an estimated useful life of 10 years. The salvage value is
    9·1 answer
  • While any given advertisement for a product may focus on only one or a few purchasing motives, the _____. advertising campaign s
    8·2 answers
  • As part of the calculation for cost of goods sold it is necessary to determine the value of goods on hand, termed merchandise in
    10·1 answer
  • Dion has an auto repair business for high-end cars like a Porsche or Ferrari. He wants to market his services to Porsche, BMW, a
    12·1 answer
  • During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 Pur
    9·1 answer
  • ______ management refers to the activities related to planning for, attracting, developing and retaining an effective workforce.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!