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astraxan [27]
3 years ago
6

Required:

Business
1 answer:
Kisachek [45]3 years ago
6 0

Answer:

1- Cash (Dr.) $ 47,000

Computer (Dr.) $ 40,000

Common Stock (Cr.) $ 87,000

2- Rent Expense (Dr.) $2,200

Cash (Cr.) $2,200

3- Office Supplies (Dr.) $2,000

Cash (Cr.) $2,000

10- Prepaid Insurance (Dr.) $2,200

Cash (Cr.) $2,200

14- Salaries Payable (Dr.) $14,000

Cash (Cr.) $14,000

24- Cash (Dr.) $14,000

Commission from Airline (Cr.) $14,000

28- Salaries Payable (Dr.) $1,300

Cash (Cr.) $1,300

29- Computer Repair Expense (Dr.) $300

Cash (Cr.) $300

30- Telephone Bill Expense (Dr.) $1,100

Cash (Cr.) $1,100

30- Dividend Payable (Dr.) $2,000

Cash (Cr.) $2,000

Explanation:

The company has incurred business transactions which are recorded in the system as journal entries. These entries are then posted to create ledgers which shows the summarize form of all the transactions. These ledger then create trial balance which displays complete account balances of all the transactions separately.

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C) Providing an honest assessment of the job

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3 years ago
Gabby Company sells a product for $ 100 per unit. Variable costs are $ 60 per​ unit, and fixed costs are $ 2 comma 500 per month
Ann [662]

Answer:

(a) $40

(b) $24,000

(c) 40%

Explanation:

Given that,

Selling price = $100 per unit

Variable costs = $60 per​ unit

Fixed costs = $2,500 per month

Contribution margin per unit:

= Selling price - Variable costs

= $100 per unit - $60 per​ unit

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3 years ago
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