Answer:
14-Jan
Dr Trade Receivable $1,125
Cr Sales
14-jan
Dr Cost of sales 625
Cr Inventory 625
9-Apr
Dr Inventory 375
Cr Trade Payable 375
2-Sep
Dr Trade Receivable $2,500
Cr Sales $2,500
2 sep
Dr Cost of sales $1,375
Cr Inventory $1,375
Dec 31 No journal entry
Explanation:
Preparation to Records the month-end journal entries noted below, assuming the company uses a periodic inventory system
14-Jan
Dr Trade Receivable $1,125
Cr Sales (45*25)
14-jan
Dr Cost of sales[25*25] 625
Cr Inventory 625
9-Apr
Dr Inventory (25*$15) 375
Cr Trade Payable 375
2-Sep
Dr Trade Receivable $2,500
Cr Sales (50*50) $2,500
2 Sep
Dr Cost of sales $1,375
Cr Inventory $1,375
($2,500-$1,125)
Dec 31 No journal entry
<u>Index of industrial production</u> is considered to be a coincident economic indicator
An economic indicator is a piece of data that analysts use to analyze existing or potential investment opportunities. These data are often of a macroeconomic scale. The general health of an economy can also be determined using these measures.
Economic indicators can be anything an investor wants them to be, but certain information made public by the government and nonprofits has gained widespread attention. Indicators of the economy can be categorized or grouped. The majority of these economic indicators have a predetermined publication schedule. The industrial production index is regarded as a cogent economic indicator.
To know more about economic indicator
brainly.com/question/15528609
#SPJ4
Answer:
The Journal entries are as follows:
(i) Manufacturing Overheads Account Dr. $900
To Accumulated Depreciation $300
To Cash account $100
To Utilities payable $500
(To record the expenses incurred)
(ii) Work in process inventory A/c ($1.50 × 450) Dr. $675
To Manufacturing Overhead $675
(To record the allocation of overhead at the predetermined rate of $1.50 per machine hour)
This is known as in-sample forecast. It estimated the model using all available data and then comparing it to the model's fixed values to the actual realizations. But, this method is known to attract an overly positive picture of the model's forecasting ability since common fitting algorithms tend to take pains to avoid big prediction errors and are also inclined to overfitting (mistaking noise for signal in the data).
The interest earned will appear in the credits column of a bank statement for a checking account.
Explanation:
It is considered as credit since the current asset or income earned from the deposit of your account. The bank pays the interest of you have earned from the money in your account and it is same for your savings account.
The two accounts are always affected by transactions in which one of the entries must be debit and other must be credit of equal amount. The double entry accounting system provides the system of checks and balances.
By adding all the credits and debits and comparing their totals we can detect and correct the common types of error.
In accounting if the transaction of the company's checking account to be credited then the balance decreases.
