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ivolga24 [154]
3 years ago
11

Dr. Peabody recorded $6,820 in services provided to clients who make monthly payments. Which of the following statements is corr

ect?
A. The dental revenues account is debited $6,820; accounts receivable is credited $6,820.
B. Accounts receivable is credited $6,820; the dental revenues account is credited $6,820.
C. Accounts receivable is debited $6,820; the dental revenues account is debited $6,820.
D. Accounts receivable is debited $6,820; the dental revenues account is credited $6,820.
Business
1 answer:
11111nata11111 [884]3 years ago
3 0

Answer:

D. Accounts receivable is debited $6,820; the dental revenues account is credited $6,820.

Explanation:

The two accounts that are affected here are accounts receivables ( Assets) and the revenue account ( affects capital). The accounts receivable will increase as payment is expected at the end month. Since receivable are assets, an increase in receives is recorded as a debit of the account receivable account. $ 6,820 will be debited on the accounts receivables.

The services rendered increases the revenue to Dr. Peabody.  Revenue is considered a capital account because it increases the owner's equity. An increase in a capital account is credited. Dr. Peabody will credit the dental revenue account with $6,820.

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Answer:

The American Recovery and Reinvestment Act of 2009 (Recovery Act) - which President Obama signed into law on February 17th, 2009 - was an unprecedented action to stimulate the economy. It included measures to modernize our nation's energy and communication infrastructure and enhance energy independence.

Explanation:

4 0
2 years ago
Which of the following would be considered a DISADVANTAGE of the use of above-market compensation? A. It may encourage voluntary
-BARSIC- [3]

Answer:

E. It may encourage a sense of entitlement among employees.

Explanation:

Above the market, compensation in the form of wage strategy in which the organizations initiates high salaries to the employees. High salaries are provided to the employees to attract them and to retain them in the team. This is done to maintain the caliber of the group and for the smooth flow among the team members.

4 0
3 years ago
Which of the following statement shows the financial position of a business entity as on date
svlad2 [7]

Answer:

b) balance sheet

Explanation:

Balance sheet: The assets liabilities and stockholder equity are reported in the balance sheet. The accounting equation that is displayed  below is used in this:

Total assets = Total liabilities + stockholder equity

The balance sheet debit and credit side should always be equal and balanced.  

In addition, it is always prepared on the date specified plus it is also reflects the financial position, financial performance of the company.

8 0
3 years ago
Sheridan sells softball equipment. On November 14, they shipped $3080 worth of softball uniforms to Palos Middle School, terms 2
aniked [119]

Amount will be recognized as net accounts receivable on the balance sheet as of November 30-- $2730

Explanation:

First of all, the order received from Tinley High School has not been delivered  by the end of November ,hence the value of the order is irrelevant for the purpose of calculating net accounts receivable at the end of November.

However, out of the goods of $3080 sold to Palos Middle School,$350 worth has been returned as defective,leaving a balance of $2730       ($3080-$350).

For Palos to be entitled to the discount of 2% they should have made payment by 24th November,which never happened,as a result the accounts receivable stay at $2730.

What Is Net Receivables?

Net receivables are the total money owed to a company by its customers minus the money owed that will likely never be paid. Net receivables are often expressed as a percentage, and a higher percentage indicates a business has a greater ability to collect from its customers.

How do you calculate net accounts receivable?

You calculate net receivables by subtracting allowance for doubtful accounts from accounts receivable (A/R) on the balance sheet. The formula is A/R – allowance = net receivables.

Learn more about balance sheet :

brainly.com/question/910379

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6 0
1 year ago
________ authority derives from personal expertise, technical knowledge, moral worth, and the ability to lead and to generate co
tensa zangetsu [6.8K]

Answer:

Informal Authority

Explanation:

Informal Authority is a concept first elaborated by Henri Fayol. This is the type of authority that does not stem from official positions or promotions, but from other factors such as expertise, technical knowledge, and even charisma.

This is why this type of authority is known as "informal", because it may be held by a person who does not necessarily have a high position in the organization (as long as the person has some, or all the characteristics previously mentioned).

5 0
3 years ago
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