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
Phoenix [80]
3 years ago
6

Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 5% charge on sales for using its c

ard. On May 26, Brinker had $6,200 in First Savings Bank Card credit sales. What entry should Brinker make on May 26 to record the deposit
Business
1 answer:
ZanzabumX [31]3 years ago
3 0

Answer:

Date      Account titles and explanation              Debit      Credit

May 20  Cash ($6,200 - $310)                              $5,890

              Credit card expenses ($6,200*5%)       $310

                    Sales                                                                    $6,200

               (To record the deposit)

You might be interested in
Godfrey Corporation holds, as a long-term investment available-for-sale securities costing $69,000. At December 31, 2017, the fa
kodGreya [7K]

Answer:

Godfrey Corporation

GOLDFREY CORPORATION

Balance Sheet (Partial)

December 31, 2017

Noncurrent assets:

Investments:

Investment In Stock, at fair value  $64,100

Stockholders' Equity:

Common stock

Retained earnings

Less :

Unrealized loss  $4,900

Explanation:

a) Data and Calculations:

Long-term investment available for sale:

Cost =               $69,000

Fair value             64,100

Unrealized loss  $4,900

b) The correct entry would have been to reduce the net income by the unrealized loss.  However, for simplicity, this is showed as a reduction of the Retained Earnings in the balance sheet.

5 0
3 years ago
Which of the following were reasons for wanting government control of the railroad and large production entities? economic gap b
kondaur [170]
The major reason that government control or regulation of railroads and large production entities because of monopolies. In the late 19th and early 20th centuries there was major growth in industries such as the railroad and oil industries in the United States, at this time companies became monopolies in these industries and thus there was pressure on the U.S. Government to weaken the control of these monopolies. 
3 0
3 years ago
Which of the following is included in a standard MLA-style bibliographic entry for an interview conducted by a researcher?
Oksana_A [137]
All of the answers are correct, for the bibliographic entry you need their name, date, and the type of interview conducted. 
5 0
3 years ago
Read 2 more answers
Country a has a temperate climate and can grow bananas in the spring. it produces 42,000 pounds of bananas per year per growing
german

Country A would have absolute advantage because it produces the most pounds of bananas per year per growing acre.

<h3>What is Absolute advantage?</h3>

This is defined as the ability to produce more than available competitors in the market.

Country A produces more pounds of bananas per year per growing acre which is why it has an absolute advantage over country B.

Read more about Absolute advantage here brainly.com/question/1655791

8 0
2 years ago
Procter &amp; gamble has fickle customers and needs to rapidly innovate new products. it benefits from implementing:______.
zimovet [89]

Option (B) is a matrix organization to manage a wide variety of demographic-specific products or services.

Procter & Gamble Co (P & G) is a consumer goods manufacturer and distributor. The company's products include conditioners, shampoos, male and female blades, and razors, toothbrushes, toothpaste, dishwashing liquids, cleaning agents, surface cleaners, and air purifiers.

Procter & Gamble is not owned by a hedge fund. The company's largest shareholder is The Vanguard Group, Inc., which holds an 8.9% stake. BlackRock, Inc. holds 6.6% and 4.4% of the outstanding shares. And State Street Global Advisors

Procter & Gamble has been controversial in recent years. The osteoporosis and bone loss drug Actonel, which was co-marketed with Sanofi-Aventis, caused side effects in many patients.

Learn more about Procter & Gamble at

brainly.com/question/13754934

#SPj4

5 0
2 years ago
Other questions:
  • Bruno servers has decided to decrease its prices on its popular higher-range servers. the company can reasonably expect ________
    9·1 answer
  • What is usually paid on a biweekly or monthly basis for professional employment.
    7·1 answer
  • Elroy Corporation repurchased 4,000 shares of its own stock for $30 per share. The stock has a par of $10 per share. A month lat
    6·1 answer
  • Which of the following jobs is a career in educational support (2 points)
    12·2 answers
  • What strategy was avon pursuing until the mid-2000s? what were the advantages of this strategy? what were the disadvantages?
    10·1 answer
  • Flapjack Corporation had 7,680 actual direct labor hours at an actual rate of $12.45 per hour. Original production had been budg
    11·1 answer
  • An economic outcome is said to be efficient if the economy is a getting all it can get from the scarce resources it has availabl
    15·1 answer
  • Bill is the owner of M.E. Inc., which produces miniature internal combustion engines that are used to operate hydraulic systems
    10·1 answer
  • Determine how the following scenarios affect the firm's cash position. Identify whether the scenario describes a financing, inve
    9·1 answer
  • The globalization of markets has led to:_______.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!