Answer:
Transaction a 
Debit  : Account Receivable $27,500
Credit : Sales Revenue $27,500
Transaction b 
Debit  : Cash $5,875
Credit : Deferred Revenue $5,875
Transaction c 
Debit  : Sales Revenue $1,500
Credit : Account Receivable $1,500
Transaction d 
Debit  : Deferred Revenue $5,875
Credit : Sales Revenue $5,525
Credit : Discount received $350
Explanation:
The journals have been prepared above.
 
        
             
        
        
        
We went for a drive, 2:30 in the morning
I kissed you, it was pouring
We held each other tight before the night was over
You looked over your shoulder
Oh, I was doing fine
You said, "Remember that night?
Remember that night?"
Oh, I was doing fine
You said, "Remember that night?
Remember that night?"
        
                    
             
        
        
        
Answer:
1 Line item description                Cost                Retail
2	Beginning inventory                 40000            360000
3	Purchases                                  1000000        10000000
4	Transportation in                       50000
5	Purchase returns                      -20000          -196000    
6	Net purchases(3+4+5)             1030000        9804000	
7	Net additional markups                                    800000    
8	Cost to retail ratio                     1070000       10964000
   component(2+6+7)
9	Net markdowns                                                -500000    
10	Sales                                                                  -9800000    
11	Ending inventory,retail(8+9+10)                       664000
Setup calculation:
Cost to retail ratio = Cost to retail ratio component at cost/Cost to retail ratio component at retail
= 1070000/10964000
= 0.097592
= 9.76%
Ending inventory,cost = Ending inventory,retail*Cost to retail ratio
= 664000*9.76%
= $64806
Cost of goods sold = Sales*Cost to retail ratio
= 9800000*9.76%
= $956480
 
        
             
        
        
        
Answer: Option (2)
Explanation:
Paid in capital is referred to as or known as amount of the capital which is paid in by the investors during the preferred or common stock issuance, including par value of shares in addition to the amount in excess of the par value. The paid in capital tends to represent funds which are raised by organization through selling of equity.
 
        
             
        
        
        
Answer:
<u>True.</u>
Explanation:
This statement is true. In Kenya there is a system called M-PESA, which can be defined as a more developed payment system worldwide, this system acts as a tool that allows payments and purchases to be made via cell phone.
This system revolutionized the lives of the citizens of that region, due to the ease of being able to carry out commercial transactions and manage their money without needing a bank.