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
Serjik [45]
3 years ago
5

Journalize the following transactions for the Evans Company. Assume the company uses a perpetual inventory system.

Business
1 answer:
marta [7]3 years ago
4 0

Answer:

Evans Company

General Journal

Part a.

Debit : Cash $645

Debit : Cost of goods sold $375

Credit : Sales Revenue $645

Credit : Merchandise $375

Part b.

Debit : Cash $432

Debit : Cost of goods sold $195

Credit : Sales Revenue $432

Credit : Merchandise $195

Part c.

Debit : Accounts Receivable $670

Debit : Cost of goods sold $438

Credit : Sales Revenue $670

Credit : Merchandise $438

Part d.

Debit : Credit Card fees $85

Credit : Cash $85

Explanation:

The Perpetual inventory system calculates the cost of sale and inventory balance on each and every sale made hence the journals above.

You might be interested in
The Smith Company manufactures insulated windows. Costs for March were as follows. Direct labor $53,000 Indirect labor 18,000 Sa
Marat540 [252]

Answer:

$27,000

Explanation:

The following costs were incurred by Smith's company during the month of March

Direct labor $53,000

Indirect labor 18,000

Salary of corporate vice president for advertising 25,000

Direct materials 48,000

Indirect materials 4,000

Interest expense 7,500

Salary of factory supervisor 3,000 Insurance on manufacturing equipment 2,000

Therefore the actual manufacturing overhead for March can be calculated as follows

= Indirect labour + indirect materials + salary of factory supervisor + insurance on manufacturing equipments

= $18,000 + $4,000 + $3,000 + $2,000

= $27,000

Hence the actual manufacturing overhead for March is $27,000

8 0
3 years ago
In the context of Lazarus's model of appraisal, which of the following defines the term reappraisal? a. Determining whether reso
gladu [14]

Answer:<u><em>(d.) Evaluation of whether the response made to a demand or threat was effective</em></u>

Explanation:

Richard Lazarus stated that stress is a process where the manufacturing of stressors by the surrounding, and the effect on an individual subjected to these stressors.  

He also stated that these cognitive appraisal will happen when a individual considers two major element that add in his response to stress. These two element are as follow :

The baleful propensity of the stress to the individual, and

The classification of resources required to decrease, endure or decimate the stressor and the stress it produces.

3 0
3 years ago
What is the difference between a mortgage and a ​mortgage-backed security​? A. Mortgages are​ loans, whereas​ mortgage-backed se
ANEK [815]

Answer:

The correct answer is A. Mortgages are​ loans, whereas​ mortgage-backed securities are​ bond-like debt instruments.

Explanation:

The mortgage loan is the product that allows you to have the necessary amount to buy or rehabilitate a home or other property.

As we said, credit institutions require a guarantee before granting a loan. In the case of mortgages, the owner of the loan guarantees the property itself (mortgage), which will be passed to the financial institution in case of default. In addition to this mortgage guarantee you offer, as in a personal loan, your personal guarantee.

6 0
3 years ago
Many organizations are moving away from ______ because too much of it can lead to bored employees with narrow skill sets.
konstantin123 [22]

Many organizations are moving away from <u>Specialization </u>because too much of it can lead to bored employees with narrow skill sets.

Specialization refers to individuals and groups focusing on the restricted variety of manufacturing responsibilities they perform great. This specialization requires employees to give up performing other responsibilities at which they're not as professional, leaving those jobs to others who are higher appropriate for them.

The system of focusing one's occupational attention on a specific location of understanding. An increase in process specialization among employees can make them much less bendy because it has a tendency to lessen their capability to carry out other sorts of work inside the enterprise that fall outdoor their specific specialty. +3 -2.

An organizational structure defines how activity duties are formally divided, grouped, and coordinated. The shape of an organization normally features six exclusive factors: work specialization.

Learn more about the organization here: brainly.com/question/24448358

#SPJ4

8 0
2 years ago
Paul, a new hire in the traffic department of an advertising agency, has little confidence in his ability and believes he only g
joja [24]

Answer:

Letter d is correct. <em>Directive</em>.

Explanation:

The directive leadership style is one where there is a leader to advise on essential task requirements, goals, and expectations that should be met by an employee. This style of leadership is often used when there are new or inexperienced employees or when guidance is needed for more complex activities.

The advantages of management leadership are ease of learning, objectivity about organizational expectations, and compliance with compliance with organizational rules and regulations.

5 0
3 years ago
Other questions:
  • Assume that the Assembly Department allocates overhead based on machine hours, and the Finishing Department allocates overhead b
    11·1 answer
  • If there was a flood that caused damage to your car, what kind of coverage must you have in order for the insurance company to h
    9·1 answer
  • Capital budgeting decisions include ______. increasing the salary of the current company president hiring new factory workers ac
    6·1 answer
  • Pizza Deluxe University is an in-house center and education facility that offers broad-based learning opportunities for employee
    13·1 answer
  • Parent sold land to its subsidiary resulting in a gain in 2016, the year of transfer. The subsidiary sold the land to an unrelat
    11·1 answer
  • Abby purchased a commercial property using all cash at a 11% capitalization rate. What is Abby's cash-on-cash return on the deal
    7·1 answer
  • Which event will NOT cause the supply curve for kayaks to shift to the left?1. an increase in the costs of materials to build a
    10·1 answer
  • Which of the following is consistent with moving from a surplus to equilibrium in the market for foreign-currency exchange?
    14·1 answer
  • The wood shop generates $. 97 in sales for every $1 invested in total assets. Which one of the following ratios would reflect th
    8·1 answer
  • management is defined as the science and art of ensuring that goods and services are created and delivered successfully to custo
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!