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2 years ago

The May transactions of Hanschu Corporation were as follows.

Business

1 answer:

romanna [79]2 years ago

5 0

Answer and Explanation:

The journal entries are as follows:

On May 4

Account payable $600

To cash $600

(Being cash paid is recorded)

On May 7

Account receivable $6,500

To service revenue $6,500

(being service on account is recorded)

On May 8

Supplies $800

To Account payable $800

(being supplies purchased on account)

On May 9

Equipment $1,000

To cash $1,000

(being cash paid)

On May 17

Salary expense $500

To cash $500

(being cash paid)

On May 22

Repair expense $800

To Account payable $800

(Being received bill for repairing of an equipment is recorded)

On May 27

Prepaid rent $1,100

To cash $1,100

(Being cash paid is recorded)

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3 years ago

On August 1, 20Y7, Rafael Masey established Planet Realty, which completed the following transactions during the month:

Sphinxa [80]

Answer:

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Preparation of Journal entry

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Cr Cash 3,000

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2 years ago

Jeff Co. sells its giant cheese wheels for $36 per wheel. The contribution margin ratio is 75% and total fixed costs are $270,00

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Answer:

Level of sales in dollars in order to generate a profit of $54,000 Fixed cost + Target profit/Contribution per unit $270,000 + $54,0000/0.75

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= $432,000/$36

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The correct answer is A

Explanation:

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Answer:

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Explanation:

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