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
eduard
3 years ago
6

The following transactions occurred during June: June 1 Purchased two new maintenance carts (noncurrent assets) on account at $7

50 each. Payment is due in 30 days. June 8 Accepted $500 of advance payments from customers for services to be provided next month. June 15 Received the June utility bill for $300. Payment is due and made in 30 days. June 20 Billed customers for $1,500 services provided. Payment is due in 30 days. June 30 Received $500 from customers who were billed on June 20. What journal entry is required to record the purchase of the carts on June 1
Business
1 answer:
Helen [10]3 years ago
8 0

Answer:

Journal Entry to record the purchase of the carts on June 1:

June 1:

Debit Maintenance Equipment $1,500

Credit  Accounts Payable $1,500

To record the purchase of 2 maintenance carts on account.

Explanation:

a) Data and Analysis:

June 1 Maintenance Equipment $1,500  Accounts Payable $1,500

June 8 Cash $500 Unearned Service Revenue $500

June 15 Utility Expense $300 Utility Payable $300

June 20 Accounts Receivable $1,500 Service Revenue $1,500

June 30 Cash $500 Accounts Receivable $500

You might be interested in
The management of supply chain inventories focuses on: No Answer Selected
Dennis_Churaev [7]

Answer: both internal and external inventories

     

Explanation: In simple words, supply chain inventories refers to the  raw material, finished goods and work in process inventories like factors that together constitutes a supply chain.

Management of supply chain refers tot he process in which the organisation tries to control and maintain the flow of inventories from on stage to the other with the ultimate objective of keeping the supply of finished goods smooth throughout the period.

It starts from procuring the suitable raw materials in right quantity and right time after that it monitors the manufacturing unit so that production is done in appropriate time period and finally makes sure that finished goods will be supplied to the market as per the time period specified by the wholesalers or retailers.

7 0
3 years ago
Leisure Inc. is a vacation planning company. It provides various holiday packages, such as camping outdoors, adventure sports, i
bekas [8.4K]

Answer:

The answer is: lifestyle segmentation

Explanation:

Lifestyle segmentation refers to the marketing practice of categorizing customers into small groups, and the more information available about the potential customers, then their are divided into smaller sub-groups. These sub-groups are formed using the customers' lifestyles as basis; what do these customers like to do, what they don't like to do, how they live, etc.

Leisure Inc. uses its customers' recreational preferences (part of their lifestyle) to create small sub-groups, e.g. those who like camping, adventure sports, trekking, etc.

4 0
3 years ago
Which of the following would not be counted in the calculation of GDP? Choose one or more: A. paying for a local garage to rotat
alex41 [277]

Answer:

Correct options are: (D), (E), (F).

Explanation:

Since the dog seller does not pay taxes, he is evading tax and is therefore conducting illegal transactions. Illegal transactions are excluded from GDP.

Mowing the law does not have an imputed market value and is excluded from GDP.

Government spending on food stamps is a transfer payment since no value gets added in return, therefore is excluded.

5 0
4 years ago
Creative and innovative
klio [65]

A creative innovation is bringing about something unique and different.

<h3>What is creativity?</h3>

Creativity is the ability to imagine something unique or new that have not been in existence.

It could also be a modification to what have been existing before.

Therefore, A creative innovation is bringing about something unique and different.

Learn more on creativity here,

brainly.com/question/19171885

#SPJ1

5 0
2 years ago
Business analytics tools are used with data in the ________________ to gain insight and support decision making.
Vikentia [17]

Answer:

data warehouse

Explanation:

A data warehouse , also known as an enterprise data warehouse , is a system used for reporting and data analysis, and is considered as a core component of Business Intelligence environment. data warehouse  are central repositories of integrated data from one or more disparate sources. They store current and historical data and are used for creating analytical reports for knowledge workers throughout the enterprise. In short, a data warehouse is a database organised in a way that is conductive to producing business analytics quickly and accurately. Relevant data is extracted from one or more operational systems and brought together in a single place (warehouse) to provide a business with a central store of data.  Business intelligence (BI) is a process for analyzing data and deriving insights to help businesses make decisions. In an effective BI process, analysts and data scientists discover meaningful hypotheses and can answer them using available data. For example, if management is asking “how do we improve conversion rate on the website?” BI can identify a possible cause for low conversion. The cause might be lack of engagement with website content. Within the BI system, analysts can demonstrate if engagement really is hurting conversion, and which content is the root cause.  The tools and technologies that make BI possible take data stored in files, databases, data warehouses, or even on massive data lakes—and run queries against that data, typically in SQL format. Using the query results, they create reports, dashboards and visualizations to help extract insights from that data. Insights are used by executives, mid-management, and also employees in day-to-day operations for data-driven decisions.

7 0
3 years ago
Other questions:
  • Oriole Chemicals Company acquires a delivery truck at a cost of $32,000 on January 1, 2022. The truck is expected to have a salv
    5·1 answer
  • the federal reserve wants to increase the money supply in the money supply in the united states. What is the federal reserve lik
    11·2 answers
  • A profit you earn from selling stock at a higher price then you paid is called a ______
    9·1 answer
  • You could borrow money from friends and family who would like to invest in your business, or you could offer them ________. equi
    10·1 answer
  • In the securitization process, mortgages are pooled together and cash flows are packaged into securities to be sold in the secon
    5·1 answer
  • Suppose Barry is maximizing his utility from consuming used paperback novels and audio books. The price of a used novel​ = $4 an
    11·1 answer
  • Which phrase best completes the list?
    5·1 answer
  • A study by Great Places to Work, a research and consulting firm, highlights the benefits of breaking down boundaries to get all
    6·1 answer
  • Hi everyone how are you . First to answer get the brainiest
    12·2 answers
  • If you were buying a bond, which of the following characteristics would you most likely be looking for?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!