I think it is (The Cash<span> Payments </span><span>Journal)
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Answer:
Debit Insurance Expense, $2,400; credit Prepaid Insurance, $2,400.
Explanation:
The journal entry is given below
Insurance expense A/c Dr $2,400
To Prepaid Insurance $2,400
(Being insurance expense is recorded)
The computation is shown below:
= Insurance premium ÷ number of months × required months
= $4,800 ÷ 4 months × 2 months
= $2,400 months
The 2 months is taken from November 1 to December 31
Answer:
We live in a related world more so now than any time in recent memory before.In this scenery no business can have all the assets to take an interest completely in the worldwide commercial center without key unions, coordinated efforts and organizations.
Effective endeavors are continually searching for assets to ceaselessly enhance their ebb and flow tasks and have the accepted procedures to stay ahead in the race.
Joint effort is a vehicle to supplement the assets of an association and addition abilities to meet certain all around characterized targets. The substance might be deficient with regards to specific assets like money related quality, aptitudes and deliberately it might not have any desire to put resources into their zones of "shortcoming" for some an explanation.
The firm might need to investigate for an imminent accomplice from its realized business system to begin with. Business and informal communities can furnish leads by taking part in conversations with them. Different zones for prospecting could be from the databases of mechanical improvement offices. Tried and true outsider specialist co-ops - offices right now be locked in to discover reasonable possibilities.
By the day's end, organizations are about connections. Common regard for one another and shared qualities are important to have an effective organization to meet every others key business targets through such a joint effort. Essentially each ought to be expertly dedicated to such a dare to guarantee goals are met in soul and word.
The Collaboration ought to be reported in an itemized way that would show the particular jobs of the separate gatherings.
The manual should record governing rules for taking an interest accomplices to assume out their jobs genuinely.
Key audit gatherings, choices on money related expenses must incorporate the state of both the substances in a reasonable way.
Occasional outsider reviews of tasks ought to be a fundamental part of the manual.
Answer:
A debit to Work-in-Process Inventory, Finishing Department of $140,000
Explanation:
Data provided
Cost transferred per unit = $4
Units transferred = 35,000
Total cost of units transferred = Cost transferred per unit × Units transferred
= $4 × 35,000
= $140,000
Therefore Process department is a finishing department. From the last processing department to finished goods and when only finished goods are debited.
$140,000 will be paid to the Work-in-Process Inventory, Mixing Department and debited to the Finishing Department, Work-in-Process Inventory.
The next step is to decide about the resources to be committed.
