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3 years ago

Collect 5 source documents and write a short essay on the importance of the 5 source documents you have attached

Business

1 answer:

7nadin3 [17]3 years ago

8 0

Answer:

Explanation:

Deposit slip: This is used in depositing money into a particular bank account.

Invoices: An invoice shows that a sale has taken place.

Cheque: It is used in ordering the back to pay someone the amount of money that's written on it.

Purchase orders: It is a document that's issued by the buyer and it shows the type of good bought, quantity bought, prices at which they were bought.

Sales receipt,: It shows that a customer has made payment as it is an evidence of payment

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Rent payments that are processed through a third-party network after March 11, 2021, should be reported to the taxpayer on:

pogonyaev

After March 11, 2021, such rent payments as described above should be reported on Form 1099-MISC, Miscellaneous Information.

The subject of rent payments made through third party networks is covered under the American Rescue Plan Act which:

Was signed by President Biden on March 11, 2021.
Clarifies the scope of Form 1011-K.

The Act shows that when rent payments are made through third-party networks, they should be treated as miscellaneous information and reported on Form 1099-MISC.

Find out more on Form 1099 at brainly.com/question/25485090.

7 0

2 years ago

A process with no beginning work in process, completed and transferred out 35,000 units during a period and had 14,000 units in

Kay [80]

Answer:

equivalent unit of production for period in conversion cost is 42000 EU

Explanation:

Given data

during period P = 35000 units

ending work W = 14000 units

complete C% = 50%

to find out

equivalent units of production

solution

we know that 35000 units work is complete and transferred during period and

50% complete with ending work 14000 units

so that

Equivalence unit production is W x C% + P

= 14000 x 50% + 35000 = 42000

so equivalent unit of production for period in conversion cost is 42000 EU

5 0

3 years ago

Read 2 more answers

What are the Computer Design problems and their solutions?

Fiesta28 [93]

Computer design is concerned with the hardware design of the computer. Once the computer specifications are formulated, it is the task of the designer to develop hardware for the system.

7 0

3 years ago

Gwinnett Barbecue Sauce Corporation manufactures a specialty barbecue sauce. Gwinnett has the capacity to manufacture and sell 1

Harlamova29_29 [7]

Answer:

Option (B) is correct.

Explanation:

variable manufacturing costs:

= ($294,000 ÷ 14,000) × 1,000

= $21,000

variable selling and administration overhead:

= ($42,000 ÷ 14,000) × 1,000

= $3,000

Gwinnett's profits for the year will:

= Additional sales revenue - Variable costs

= (No. of cases sold additionally × selling price per case) - (variable manufacturing costs + variable selling and administration overhead)

= (1,000 × $23) - ($21,000 + $3,000)

= $23,000 - $24,000

= -($1,000)

So, the contribution is negative and profits decreases by $1,000.

5 0

3 years ago

Journal Entries and T-accounts [LO3-1, LO3-2] The Polaris Company uses a job-order costing system. The following transactions oc

ikadub [295]

Answer:

a.) Raw material 210000

Account payable 210000

(Purchase material on account)

b.) 1.Work in process 151200

Raw material 151200

(material used)

2.Overhead 37800

Raw material 37800

(Record indirect material )

c.)1. Work in process 49000

Factory payroll 49000

(Record direct labor)

2. Overhead 20000

Factory payroll 20000

(Record indirect labor)

d.) Overhead 106000

Accumulated depreciation 106000

(record depreciation)

e.) Overhead 130000

Account Payable 130000

f.) work in process (8*76400) 611200

Overhead 611200

g.) Finished goods 511000

Work in process 511000

( record completion of goods from wip to finished goods)

h.)Account receivable 605680

Sales 6056800

(record sales on account)

Explanation:

f.Overhead applied to a particular job= Predetermined rate* job hours allocated

h. copmlete job were shipped to customer at 34% above cost =(452000*34%)=452000+153680=605680.

5 0

4 years ago