1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Goshia [24]
3 years ago
5

Journalize the following transactions for Cullumber Company.

Business
1 answer:
Thepotemich [5.8K]3 years ago
3 0

Answer and Explanation:

The journal entries are shown below

On Sept 1

Supplies Dr $1,020

    To Cash $1,020

(being supplies purchased in cash)

On Sept 5

Dividend Dr $410

   To cash $410

(being cash dividend is paid)

On Sept 7

cash Dr 5,500

   To Unearned service revenue  $5,500

(being cash collection is recorded)

On Sept 16

Cash Dr $770

  To Account receivable $770

(being cash collection is recorded)

On Sept 22

Equipment Dr $3,000

         To cash $1,100

         To Note payable $1,900

(being equipment purchased is recorded)

You might be interested in
Savvy consumers often purchase automobiles from dealerships at the end of the quarter or at year-end since dealers who meet thei
leonid [27]

Answer:

cumulative quantity discounts

Explanation:

Many customer’s purchase items and commodities at the end of the seasons because at year-end, the sellers, manufacturers and dealers offer various discounts to clear the inventory. Likewise, customers of savvy often buy commodities at the end of a quarter or a season to earn cumulative quantity discounts; it is a discount that is given to consumers who buy a specific amount of quality.

8 0
3 years ago
A college professor wants to know if the university students in the Unites States will find the new textbook that he has authore
matrenka [14]

Answer:

b. judgment sampling.

Explanation:

In this scenario, where he believes that this group of students will be representative of the university student population in the United States, the professor is most likely using Judgment or Expert sampling which is normally used in circumstances where the pointed population involves very intelligent people like student of the University of United States here who cannot be determined by using any different type of probability or non-probability sampling method.

4 0
3 years ago
Opponents of tax reforms intended to raise saving argue that such reforms a. favor those with high income, and that saving may n
Dafna11 [192]

Answer:

Option B                                

Explanation:

In simple words, under such tax reforms the government is intending to raise indirect taxes which will lead to higher prices of certain goods and is also declining taxes on savings. Both of these steps will work as an incentive for individuals to save more.

However a big majority of community is stating that this will only lead to more burden on the weaker section due to higher prices of commodities and will eventually result in lower standard of living for certain individuals.          

5 0
3 years ago
Belinda sends an email to Equador offering to sell her entire entertainment set to him for $2,500. Equador responds that the pri
ra1l [238]

Answer: Belinda sends an email to Equador offering to sell her entire entertainment set to him for $2,500. Equador responds that the price seems a bit high and offers to buy the entertainment set for $2,000. Equador’s response is considered a <u>counteroffer.</u>

Explanation: A counter offer is an offer that improves or modifies another already submitted by the competition or the contrary in a negotiation.

In this case, Belinda makes an offer to Equador and since Equador seems like a very high price, it responds with a Counter Offer by modifying the initial offer in its price.

4 0
3 years ago
First national bank charges 11.5 percent compounded monthly on its business loans. first united bank charges 11.7 percent compou
stich3 [128]

APR=11.5% compounded monthly
EAR=(1+0.115/12)^12-1=0.121259=12.13%
EAR=12.13%

APR=11.7% compounded semi-annually
EAR=(1+0.117/2)^2-1=0.12042225=12.04%
EAR=12.04%
5 0
4 years ago
Other questions:
  • Can a person’s general attitude toward risk be applied to his/her approach to investing
    13·1 answer
  • G during february, $186,500 was paid to creditors on account, and purchases on account were $201,400. assuming the february 28 b
    13·1 answer
  • Differentiate between homogeneous mixtures and heterogeneous mixtures ​
    8·1 answer
  • As the only clothes producer, you will not have _____. competition profits production costs
    11·2 answers
  • During periods of economic growth, consumers buy more goods and services. This causes businesses to produce _____ goods and serv
    5·2 answers
  • At the beginning of the current period, Griffey Corp. had balances in Accounts Receivable of $200,000 and in Allowance for Doubt
    11·1 answer
  • Borrowers who met certain requirements for mortgages, such as minimum income level relative to the total mortgage amount, could
    6·1 answer
  • Riverwood Properties bought three lots in a subdivision for a? lump-sum price. An independent appraiser valued the lots as?
    12·1 answer
  • Workplace diversity describes differences among workers in any of the following areas:
    14·1 answer
  • Kristy's health insurance policy benefits max out at $25,000 per year. What is
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!