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3 years ago

Record the following transactions for Summer Consulting. Explanations are not required.

Business

1 answer:

Anvisha [2.4K]3 years ago

8 0

Answer:

Apr. 15

Dr Accounts Receivable—Jones $1,500

Cr Service Revenue $1,500

Apr. 18

Dr Accounts Receivable—Cruise $865

Cr Service Revenue $865

Apr. 25

Dr Cash $750

Cr Accounts Receivable—Jones $750

Apr. 28

Dr Accounts Receivable—Taylor $625

Cr Service Revenue $625

Apr. 28

Dr Cash $865

Cr Accounts Receivable—Cruise $865

Apr. 30

Dr Cash $1,375

Cr Accounts Receivable—Jones $750

Cr Accounts Receivable—Taylor $625

Explanation:

Preparation of journal entries

Apr. 15

Dr Accounts Receivable—Jones $1,500

Cr Service Revenue $1,500

Apr. 18

Dr Accounts Receivable—Cruise $865

Cr Service Revenue $865

Apr. 25

Dr Cash $750

Cr Accounts Receivable—Jones $750

Apr. 28

Dr Accounts Receivable—Taylor $625

Cr Service Revenue $625

Apr. 28

Dr Cash $865

Cr Accounts Receivable—Cruise $865

Apr. 30

Dr Cash $1,375

Cr Accounts Receivable—Jones $750

Cr Accounts Receivable—Taylor $625

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4 years ago

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Answer:

Contingent workers

Explanation:

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4 years ago

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Answer and Explanation:

The answer given in the question are not correct. Following should be the choices:

A: 6.5%

B: 7.4%

C: 3.8%

D: 4.6%

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3.5% x 1.1% = 4.6%

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It has to be in between this which is,

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4 years ago

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Answer:

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Explanation:

a). Determine net income

net income=total income-total losses

where;

total income=$1,622,000

total losses=operation loss+loss on disposal

where;

operation loss=$222,000

loss on disposal=$122,000

replacing;

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c). income tax expense before discontinued operations are reported

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replacing;

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Income tax expense=$448,000

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