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3 years ago

10

A business's source documents:_____.A. Must be in electronic form. B. Include the ledger. C. Provide objective evidence that a t

ransaction has taken place. D. Are records of all increases and decreases in specific asset. E. Include the chart of accounts.

1 answer:

harina [27]3 years ago

8 0

C. Provide objective evidence that a transaction has taken place.

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4) Identify the elements that are necessary to make a contract valid

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Explanation:

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Answer:

Bribery

Explanation:

they must decide whether to pay bribes or find alternative sources of supplies

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Is debt finance the same as debt capital?

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3 years ago

Peters Manufacturing Company has the following data at June 30, 2019:

nignag [31]

Answer:

Gross Profit $ 74,000

<u>Cost of Goods sold $ 506,000</u>

Explanation:

Peters Manufacturing Company

Income Statement

June 30, 2019

<u>Sales $580,000</u>

Total manufacturing costs 430,000

Add Work in process inventory, June 1 18,100

Cost of Goods Available for Manufacturing 548,100

Less Work in process inventory, June 30 30,400

Cost Of Goods Manufactured 517,700

Add Finished goods inventory, June 1 43,500

Cost Of Goods Available for Sale 561,200

Less Finished goods inventory, June 30 55,200

<u>Cost of Goods sold $ 506,000</u>

Gross Profit $ 74,000

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3 years ago

g The transactions of Spade Company appear below. Kacy Spade, owner, invested $100,750 cash in the company in exchange for commo

Stolb23 [73]

Answer:

1)

Dr Cash 100,750

Cr Common stock 100,750

Dr Office supplies 1,250

Cr Cash 1,250

Dr Equipment 10,050

Cr Accounts payable 10,050

Dr Cash 15,500

Cr Fees earned 15,500

Dr Accounts payable 10,050

Cr Cash 10,050

Dr Accounts receivable 2,700

Cr Fees earned 2,700

Dr Rent expense 1,225

Cr Cash 1,225

Dr Cash 1,125

Cr Accounts receivable 1,125

Dr Dividends 10,000

Cr Cash 10,000

2)

<u>Cash</u> <u>Accounts receivables</u>

Debit Credit Debit Credit

100,750 1,250 <u>2,700 1,125 </u>

15,500 10,050 1,575

1,125 1,225

<u> 10,000</u>

94,850

<u>Office Supplies</u> <u>Equipment</u>

Debit Credit Debit Credit

<u>1,250 </u> <u>10,050 </u>

1,250 10,050

<u>Accounts payable</u> <u>Common Stock</u>

Debit Credit Debit Credit

<u>10,050 10,050 </u> <u> 100,750 </u>

0 0 100,750

<u>Fees earned</u> Rent Expense

Debit Credit Debit Credit

15,500 <u>1,225 </u>

<u> </u><u>2,700</u><u> </u> 1,225

18,200

<u />

<u />

<u>Dividends</u>

Debit Credit

<u>10,000 </u>

10,000

4 0

3 years ago