Answer and Explanation:
The Journal entry is shown below:-
Cash Dr, $3,000
Cost of goods sold Dr, $1,500
Estimated inventory returns Dr, 600 ($3,000 × 20%)
To Inventory $1,500
To Refund liability $600
To Sales revenue $3,000
(Being cost of goods sold is recorded)
Here the sale and the cost of goods sold is recorded in which some accounts are debited and some are credited
It is a list of assets or it could detailing the balance of income of a business for a period of time.
Answer:
$1,300 and $3,900
Explanation:
The computation of the depreciation expense for the year 2021 and 2022 using the straight line method is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($45,000 - $6,000) ÷ (10 years)
= ($39,000) ÷ (10 years)
= $3,900
In this method, the depreciation is same for all the remaining useful life
For the year 2021, it is
= $3,900 × 4 months ÷ 12 months
= $1,300
The four months are taken from Sep 1 to Dec 31
And, for the year 2022, it is $3,900
Answer:
The company is using Communication.
Explanation:
Communication in marketing are the methods employed by a business to convey messages about their products to consumers either directly or indirectly, with the goal of persuading them to purchase.
Communication involves activities like promotions, personal selling , advertisement, events, radio advertising, and email campaigns.