Answer:
Journal entry
Explanation:
The adjusting entry for the physical count is as follows
Cost of goods sold $2,370
To Inventory $2,370
(Being the adjusted balance is recorded)
The computation is shown below:
= Year end Inventory - physical count of inventory
= $14,550 - $12,180
= $2,370
We simply deducted the physical count of inventory from the year end inventory to find out the adjusted balance which is shown above
This is with the assumption that her checking account and savings account are separate from each other. If she would transfer 450 from her savings account to her checking account, the new balance of her savings account would be the amount less 450 and the new balance of the checking account would be the balance plus 450.
Answer:
Begining Cash 40,000
receipts from sales 255,000
payment to supplies (104,500)
payment of wages (40,000)
other cash expenses<u> (60,000) </u>
Ending Cash 90,500
Explanation:
raw materials disbursment for the month of september
80,000 x 35% = 28,000 for August purchases
110,000 x 65% = <u> 71,500 </u>for September purchases
Total payment 104,500
the depreciation and accrued expenses along with the interest payable (which are also a accrued expense) will not be included as they don't represent neither a cash inflow nor outflow.
Depends on the bank that issued your card. You might want to talk to your card issuer's customer support.
I'd rather use my Saving but Getting a loan from family or friend is Kinda Nice if they have the money for it. but Borrowing from a Bank is Smart But Do You Even Have enough money in you're bank for it?
