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posledela
2 years ago
8

Received a $3,000.00 check from Pacific Stores. The check pays $3,061.22 of the Dec. 3 sale on account, S395, less 2% discount.

R403.
Business
1 answer:
Sunny_sXe [5.5K]2 years ago
5 0

Answer:

Accounts Receivable Credit- $3061.22

Sales Discount Debit- $61.22

Cash Debit- $3000

Explanation:

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List what you are thankful for! (((It's Thanksgiving (here)! Answer if you bake! Or if you like cakes pies cookies and treats!!!
Ulleksa [173]

Answer:

Family

Explanation:

HEY PLS DON'T JOIN THE ZOOM CALL OF A PERSON WHO'S ID IS 825 338 1513 (I'M NOT SAYING THE PASSWORD) HE IS A CHILD PREDATOR AND A PERV. HE HAS LOTS OF ACCOUNTS ON BRAINLY BUT HIS ZOOM NAME IS MYSTERIOUS MEN.. HE ASKS FOR GIRLS TO SHOW THEIR BODIES AND -------- PLEASE REPORT HIM IF YOU SEE A QUESTION LIKE THAT. WE NEED TO TAKE HIM DOWN!!! PLS COPY AND PASTE THIS TO OTHER COMMENT SECTIONS!!

8 0
2 years ago
Which of the following is an example of an accrual? A : Record Revenues that were received in cash in an earlier period. B : Rec
shutvik [7]

Answer: B. Record revenue that will be received in cash in a subsequent period.

Explanation: Accrual Accounting is a method that records transactions when they have inccured. Instead of when the cash is exchanged.

A. Incorrect. Impossible to record in earlier periods. As the past financial statements from previous years have already been closed off.

B. Correct. Accrued accounting entails recording the transaction when it has occurred. So the cash will be recorded as received. However the cash will only be transferred to the revenue account when the obligation has been met. Therefore it will only be transferred to revenue in the period that it applies to.

C. Incorrect. This is already general expense and general accounting rules apply. I.e. The expense is incurred in the same year and paid out in the same year. This is how most income and expenses are treated, except for prepaid and accrual income and expenses.

D. Incorrect. This is an example of a prepaid expense. Prepaid expenses are expenses that have already been paid even though they haven't been inccured yet. This is an asset, and is thus recorded on the debit side.

8 0
3 years ago
The Cash account of Safety Security Systems reported a balance of $ 2 comma 450 at December 31​, 2018. There were outstanding ch
Tanya [424]

Answer:

You can prepare a bank reconciliation by starting with the balance as per the company's books, and undoing all entries that were entered in the books but are not yet reflecting in the bank statement, and then adjusting for all entries that are in the bank statement that were not recorded in the company's books as you would have entered them if given the chance to record them as shown below:

Explanation:

Balance as per cash account  2,450  

add back outstanding checks  1,800  

less deposit in transit                    (400)

add receipt from Wayne Brown     530  

less service charge                     (30)

Add interest earned               <u>       20  </u>

Balance as per Bank Statement <u> 4,370  </u>

6 0
3 years ago
Pension Plan Entries Yuri Co. operates a chain of gift shops. The company maintains a defined contribution pension plan for its
Andrej [43]

Answer:

December 31

Dr Pension expense $182,100

Cr Unfunded pension Liabiltiy $182,100

January 15

Dr Unfunded pension Liabiltiy $182,100

Cr Cash $182,100

Explanation:

Preparation of the entry to record the accrued pension liability payment to the funding agent on January 15

December 31

Dr Pension expense $182,100

Cr Unfunded pension Liabiltiy $182,100

(Being to record quarterly pension Liabiltiy)

January 15

Dr Unfunded pension Liabiltiy $182,100

Cr Cash $182,100

( Being to record the accrued pension liability payment to the funding agent)

5 0
2 years ago
Predeparture language and cultural training can:a. significantly increase the cost of an international assignment. b. increase t
ryzh [129]

Answer:C. reduce uncertainty about how to act in a foreign country.

Explanation: Predeparture language and culturaln training are some of the basic essential trainings conducted for expertraites who are going on overseas assignment.

THE PURPOSE OF THIS TRAININGS IS TO REDUCE THE UNCERTAINTY ABOUT HOW TO ACT IN A FOREIGN COUNTRY.

Predeparture language training is a set of training focused on the General languages Accepted in a given country where an expertraite is to be posted.

Cultural trainings are trainings that are directed at the local customs and traditions of the foreign country where an an expertraite is to be posted.

7 0
3 years ago
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