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
Vinvika [58]
3 years ago
14

At the end of business on September 1, the total displayed on the cash register tape shows $1,059 of cash sales for the day. How

ever, when the clerk and the supervisor count the cash in the register, the count reveals that $1,050 was actually collected from customers.
Required:
Write down the journal entry.
Business
1 answer:
In-s [12.5K]3 years ago
7 0

Answer and Explanation:

The journal entry is shown below:

Cash $1,050  

Cash short and over $9  

      Sales revenue  $1,059

(Being the cash collection is recorded)

Here we debited the cash as it increased the assets and credited the sales revenue as it also increased the revenue and the difference is debited to cash short and over

You might be interested in
IBM expects to pay a dividend of $2 next year and expects these dividends to grow at 6​% a year. The price of IBM is $90 per sha
Elena-2011 [213]

Answer:

Cost of equity = 8.22%

Explanation:

Cost of equity = Dividend per share /current market value + growth rate of dividend  

Cost of equity = 2/90 + 6%

Cost of equity = 0.0222 + 6%

Cost of equity =0.0222 + 0.06

Cost of equity = 0.0822

Cost of equity = 8.22%

7 0
3 years ago
Products that consumers a regularly without spending much effort on thinking about them are?
vitfil [10]

Answer: Convenience, Shopping, Speciality and Unsought

Explanation: Next time please be more specific Thanks

8 0
2 years ago
Read 2 more answers
Convertible bonds:_________
tigry1 [53]

Answer:

c) Provide potential benefits to both the issuer and the investor.

Explanation:

Convertible Bonds are Bonds that can be converted to Common Stocks at the the option of the investor or the issuer.

They represents the potential voting rights to the investor if they are converted to Common Stocks. This means the investor can take part in decision making of the company.

They also presents benefits to the issuer in that it reduces the financial risk of defaulting interest payments. This is good for the gearing ratio as well and can attract more investors.

5 0
3 years ago
The first step any investor should take before beginning to invest is to __________.
Nataly_w [17]
The first step that an investor should take before  beginning to invest should be to establish investment objectives.
5 0
4 years ago
Deindustrialization affects the economic landscape of countries. Describe the change in the dominant economic sector during indu
IceJOKER [234]

Answer:

a. One spatial change in manufacturing employment patterns as a result of deindustrialization is production shift.

b. Companies may move their industrial activities and manufacturing jobs to areas with a lower cost of labor.

c. Some natural places could be deemed unfit for humans.

d. Facilitating the construction of railroads, bridges, tall buildings, larger ships, and other infrastructure, Powering service-sector industries such as information technology, financial services, retail, and education, all of which depend on the processing power and connectivity brought about by the computer chip.

e. A growth pole is significant to an urban economy as it will attract supporting businesses such as retail establishments, restaurants, and other service industries to the city or urban area on a local scale.  

f. Post-fordism methods of production have transformed operation at individual factories by instead of workers working only one task all day and not being able to perform other tasks in the factory the workerscould now work multiple tasks and were not concealed to one specific area of work, this also made the workers more appealing to other factories and made it to where they could work other positions for more money and could not be so easily concealed for one spot.

Explanation:

A+

7 0
3 years ago
Other questions:
  • Milton Friedman argues that businesses:
    8·1 answer
  • Suppose that all 75 employees of a company received a raise of $150 per month? How would this affect the mean salary of all empl
    15·1 answer
  • A.C. Tech Manufacturing Appliances manufactures three sizes of kitchen​ appliances: small,​ medium, and large. Product informati
    11·1 answer
  • Bank A has an increase in deposits of $20 million dollars and all bank reserve requirements are 10%. Bank A loans out the full a
    12·1 answer
  • The following information pertains to Crane Company. 1. Cash balance per bank, July 31, $9,222. 2. July bank service charge not
    8·1 answer
  • A company manufactures three​ products, A,​ B, and C from a single raw material input. Product C can be sold at the split off po
    8·1 answer
  • About what percentage of lottery winners end up with financial troubles?
    5·2 answers
  • A policy that changes the natural rate of unemployment changes: a. neither the long-run Phillips curve nor the long-run aggregat
    6·1 answer
  • Indifference curves close to the origin are ________ those farther from the origin because of ________. Group of answer choices
    6·1 answer
  • What should the accumulated depreciation equal at the end of the asset's useful life?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!