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4vir4ik [10]
3 years ago
5

How would a sale of $400 of inventory on credit affect the balance sheet if the cost of the inventory sold was $160

Business
1 answer:
dimaraw [331]3 years ago
5 0

Answer:

the journal entries used to record this transaction are:

Dr Accounts receivable 400

    Cr Sales revenue 400

Dr Cost of goods sold 160

    Cr Inventory 160

This transaction will increase net income, which increases retained earnings by $240. It will also increase assets by $240, since accounts receivable increases by $400, but inventory decreases by $160.

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Option: A

Explanation:

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That field expert monitors his group which consists of 7-8 persons at a time. Expert assign work to the trainees for daily basis, supervise them, advice them and train them to be a perfect employee of that company.

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what type of interest rate is set and will not be changed unless you go over the limit or fail to make a payment​
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Simple interest is paid only one time and does not change.

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Hope this helped you!

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3 years ago
Which type of loan requires that you pay the interest accumulated during college?
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7 0
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klemol [59]

Answer: $54,000 per production run

Explanation:

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<em />

<em>The options here are probably for a variant of this question.</em>

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