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2 years ago

The ledger of Shamrock, Inc. on March 31, 2017, includes the following selected accounts before adjusting entries.

Business

1 answer:

romanna [79]2 years ago

3 0

Answer and Explanation:

The adjusting entries are as follows:

1 Insurance expense Dr $310

To Prepaid Insurance $310

(Being insurance expense is recorded)

2 Supplies expense Dr $1,650 ($2,610 - $960)

To Supplies $1,650

(Being supplies expense is recorded)

3 Depreciation expense Dr $150

To Accumulated Depreciation - Equipment $150

(Being depreciation expense is recorded)

4 Unearned service revenue Dr (two-fifth of $12,000) $4,800

To Service Revenue $4,800

(Being service revenue is recorded)

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GREYUIT [131]

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3 years ago

Columbia Corporation produces a single product. The company's variable costing income statement for November appears below: Colu

Illusion [34]

Answer:

Hie, there is no correct answer from the Options provided.

The Net Profit Under absorption costing, for November would be $7,460.

This is can be calculated from reconciling the Variable Costing profit to Absorption Costing profit or Alternatively from Preparing Absorption costing statement as shown below:

Absorption Costing Income Statement for November.

Sales 765,000

Less Costs of Goods Sold

Opening Stock (8,650×14) 121,100

Add Cost of Manufacture (35,120×14) 491,600

Less Closing Stock (1270×14) (17,780) 594,920

Gross Profit 170,080

Less Expenses

Variable selling expense 127,500

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Net Income / loss 7,460

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3 years ago

Sheridan Company sells merchandise on account for $6400 to Carla Vista Company with credit terms of 2/10, n/30. Block Company re

Aliun [14]

Answer: $4,508

Explanation:

Companies usually give discounts with credit terms to encourage Receivables to pay faster.

In this scenario, credit terms of 2/10, n/30 were offered which means that if Carla Vista Company pays within 10 days they get a discount of 2% but if they don't they should pay the full amount in 30 days.

They paid within the discount period meaning that they qualify for the discount of 2% but they however returned goods worth $1800.

So calculating for that would be,

= (6,400 - 1800) (1 - 0.02)

= $4,508

The amount of the check is $4,508

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3 years ago

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Answer:

E) Method of science.

Explanation:

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Since in the question it is given that donna belives in the 360 degree performance review as this would represent the effectiveness

So the option e is correct

And, the rest of the options seems wrong

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3 years ago

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What is a benefit of investing

Lena [83]

Answer:

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3 years ago