Answer:
Correct option is B
Explanation:
When cash is received from accounts receivables, it only impacts on balance sheet that too, only on cash assets and non cash assets.
Cash will be increased and non cash asset accounts receivables will be decreased, everything else will remain constant.
Thus correct option is B
Where Cash Assets = + $87,800
Non Cash Assets = - $87,800
Answer:
Income statement
Sales Revenue $ 612,000
Variable Overhead cost $ (315,000)
Fixed manufacturing overhead <u>$ ( 126,000)</u>
Gross Profit $ 171,000
Variable Operating expenses $ ( 27,000)
Fixed Operating expenses <u>$( 93,000)</u>
Net Income $ 51,000
Explanation:
Income statement
Sales Revenue ( 9,000 units * $ 68) $ 612,000
Variable Overhead cost ( 9,000 * $ 35 ) $ (315,000)
Fixed manufacturing overhead <u>$ ( 126,000)</u>
Gross Profit $ 171,000
Variable Operating expenses ( $ 3 * 9000 units) $ ( 27,000)
Fixed Operating expenses <u>$( 93,000)</u>
Net Income $ 51,000
Answer:
maybe you could go to their offical websie and look at the terms and conditions on how you could work their? Or you could search up their number and contact them?
Explanation:
Answer:
See explanation section
Explanation:
December 2020 Cash Debit $570
Unearned revenue Credit $570
Since Quebecor Printing received cash, cash account is debit with the same amount of money they received. Again, as customers paid in advance, it is a liability for the company. Moreover it is an advanced revenue, so "unearned revenue" is a credit.
