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slamgirl [31]
4 years ago
10

On May 31, the Cash account of Teasel had a normal balance of $5,900. During May, the account was debited for a total of $13,100

and credited for a total of $12,400. What was the balance in the Cash account at the beginning of May?
Business
1 answer:
KengaRu [80]4 years ago
5 0
5555555 explanation for what you wanna get you know how
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When the perpetual inventory method is being used, the accountant debits __________ __________ and credits Accounts Payable (or
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Answer:

merchandise inventory

Merchandise inventory

Merchandise inventory    

Merchandise inventory

Merchandise inventory    

Merchandise inventory

Explanation:

When the perpetual inventory method is being used, the accountant debits  <u>merchandise inventory </u>and credits Accounts Payable (or Cash) when goods are purchased and debits Cost of Goods Sold and credits <u>merchandise inventor</u>y when gods are sold, along with the proper sales entry.

When the perpetual inventory method is being used, the accountant debits  <u>merchandise inventory </u>and credits Accounts Payable (or Cash) when goods are purchased and debits Cost of Goods Sold and credits <u>merchandise inventor</u>y when gods are sold, along with the proper sales entry.

When the perpetual inventory method is being used, the accountant debits  <u>merchandise inventory </u>and credits Accounts Payable (or Cash) when goods are purchased and debits Cost of Goods Sold and credits <u>merchandise inventor</u>y when gods are sold, along with the proper sales entry.

The cost of each sale transaction ensures that the merchandise inventory account under a perpetual inventory system reflects the updated cost of merchandise available for sale.

4 0
3 years ago
Madison Company's perpetual inventory records indicate that $875,300 of merchandise should be on hand on October 31. The physica
Trava [24]

Answer:

Madison Company's Journal entry

Dec. 31

Dr Cost of Merchandise Sold 93,400

($875,300-$781,900)

Cr Merchandise Inventory 93,400

Explanation:

If the perpetual inventory records $875,300 of merchandise while the physical inventory indicates $781,900 which means we have to deduct $781,900 from $875,300 which made us to arrived at $93,400 as Debited Cost of Merchandise Sold and as Credited Merchandise Inventory .

4 0
3 years ago
In each of the following situations, what type of unemployment is Melanie facing? Explain.a. After completing a complex programm
arlik [135]

Answer:

A. Frictional Unemployment

B. Structural Unemployment

C. Cyclical Unemployment

Explanation:

A. Frictional Unemployment refers to people moving between jobs which is the case for the first scenario

B. Structural Unemployment is a type of unemployment when structure of the economy changes and outsourcing also comes under this

C. Cyclical Unemployment is caused by the movements of business cycle people are laid off when economy is facing recession i.e decrease in investment.

7 0
3 years ago
Which of the following is not one of the four types of analyses outlined in the text as a method for analyzing sales organizatio
Readme [11.4K]

Answer:

e. market-share analysis.

Explanation:

e. market-share analysis because it is not only dependent on sales. Other factors are other industries markets total sales . It is not directly associated with analyzing sales organization effectiveness. Sales organization is responsible for selling and obtaining maximum profits. Optimum profits through least investments is their primary objective. Market share analysis is dependent on a particular period and the sales  during that period ,target company's sales and total market sales.

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With trade wars looming, the future of the multilateral trading system looks more precarious than it has in decades. Looking bey
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Increased manufacturing has helped some countries fill up the gaps.

People and policymakers should be educated about how expensive a trade war can be.

  • It's possible that some politicians will be educated about the dangers of protectionism.
  • Learning that, as Norway, Korea, and many others have discovered this year, a favorable trading nation is not necessarily friendly.
  • commercial and political figures to help you expand your exports to a wide range of nations. Do not concentrate your exports in a single nation.

Identify opportunities to produce new products in order to boost exports in nations that rely heavily on imports.

Learn more:

brainly.com/question/15682765?referrer=searchResults

5 0
3 years ago
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