Answer:
$33,630
Explanation:
Given that the company's collection history shows that 43% of credit sales are collected in month of sale and the remainder (57%) is collected in the following month then, in the month of January, Cash collections in January from December credit sales would be equivalent to 57% of December Credit sales. Using the actual figures,
Cash collections in January from December credit sales would be
= 57% * 59,000
= $33,630
Answer:
Yes, the WTO stands for trade liberalization, which requires transparency, economic reform, and no protectionism, regardless of the member nation's economic situation.
Answer:
A. compound journal entry
Explanation:
Compound journal entry -
It refers to the type of accounting entry , which consists of more than one debit or credit , is referred to as compound journal entry .
It is the combination of various simple journal entries together to form a compound journal entry .
Hence , from the given information of the question,
The correct option is A. compound journal entry .
