Answer:
Purchased calculators from Dragoo Co. at a total cost of $1,650:
- Dr Inventory 1650
- Cr Accounts Payable 1650
Paid freight of $60 on calculators:
- Dr Inventory 60
- Cr Cash 60
Returned calculators to Dragoo Co. for $52:
- Dr Accounts Payable 52
- Cr Inventory 52
Sold calculators costing $580 for $760 to Fryer Book Store:
- Dr Accounts Receivable 760
- Cr Sales Revenue 760
- Dr COGS 580
- Cr Inventory 580
Granted credit of $45 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $32.20
- Dr Sales Returns and Allowance 45
- Cr Accounts Receivable 45
- Dr Inventory 32.20
- Cr COGS 32.20
Sold calculators costing $650 for $800 to Heasley Card Shop:
- Dr Accounts Receivable 800
- Cr Sales Revenue 800
- Dr COGS 650
- Cr Inventory 650
Answer:
MRCORRECT has answered the question
Explanation:
Fiat money has value because the government declares that it has value.
Answer:
C. Commissions and fees collected by Barrett-Jackson
Explanation:
Only the commissions and fees collected by Barrett-Jackson that will be included as part of the 2016 GDP. Cars sold at auctions are not counted in the GDP because second hand sales do not tend to involve production. Therefore, resold cars and products generally are not included in the GDP. The only scenario whereby used product resold are included in the GDP is if there has been value addition on the product.
The commissions and fees collected would fall under the income aspect of the GDP, hence are counted.
very dangerous nut allergies
