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3 years ago

QUESTION 1

Business

1 answer:

babunello [35]3 years ago

5 0

1.) A
2.) True
3.) False
4.) C
5.) C
6.) True
7.) True
8.) C
9.) True
10.) True

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Scott Company had sales of $12,350,000 and related cost of goods sold of $7,500,000. Scott provides customers a refund for any r

maria [59]

The adjusting journal entries to record the adjustments in the books of Scott Company are as follows:

<h3>Journal Entries:</h3>

December 31;

Debit Sales $98,800

Credit Cash Refundable $98,800

To record expected cash refunds.

Debit Inventory $48,000

Credit Cost of goods sold $48,000

To record expected merchandise returns.

<h3>Data Analysis:</h3>

Sales = $12,350,000

Cost of goods sold = $7,500,000

Estimated percentage refunds = 0.8% of sales

Expected Refunds = $98,800 ($12,350,000 x 0.8%)

Returned goods = $48,000

Sales $98,800

Cash Refundable $98,800

Inventory $48,000

Cost of goods sold $48,000

Learn more about adjusting journal entries at brainly.com/question/13933471

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2 years ago

Selma operates a contractor's supply store. She maintains her books using the cash method. At the end of the year, her accountan

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Answer:

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Explanation:

Ghhhbbhh

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2 years ago

which type of worker has a career that can be important in both maintenance/operation services and construction services

victus00 [196]

I don't entirely know what you mean but I think an owner of a construction company would work well for an answer

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3 years ago

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The bank received and accepted a payment worth $7,200 from a customer on the company’s behalf. Which journal entry adjustment sh

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Answer:

A. Accounts receivable will be debited by $7,200.

Explanation:

Accounts receivable is the payments that customers owe to a business. It arises when a business sells goods to customers of credit. Accounts receivables are current assets as they represent money that the business expects to receive in the short term.

Recording the transaction for accounts receivable follows the principle for recording assets transactions. An increase in assets is debited. The accountant will debit accounts receivable by an amount of $7200.

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3 years ago

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Required: a. How many customer records are stored in the database? b. List customers who live in New York. c. List customers wit

Feliz [49]

Answer:

a- How many customer records are stored in the database

SQL Command for knowing number of customer records are stored is

SELECT COUNT(Customer Name) FROM tbl Customer ;

b- List customers who live in New york.

SQL Command for knowing number of customers who live in New york

SELECT Customer State, FROM tbl Customer WHERE CITY = 'New york' ;

c- List customers who credit limits grater than $50,000.

SQL Command for knowing number of customers who's credit limit is grater than $50,000

SELECT Customer Credit Limit, FROM tbl Customer WHERE Credit limit > 50,000 ;

d. List sales transaction made in July - 18

SQL Command for knowing sales in July - 18

SELECT InvoiceDate, FROM tbl Sales ;

e. What the number of total sales transactions made to each customer

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2 years ago