Answer:
Required 1 : General journal entries
A.
Cash $100,750 (debit)
Capital ; K. Spade $100,750 (credit)
B.
Office Equipment $10,050 (debit)
Trade Payable $10,050 (credit)
C.
Trade Payable $10,050 (debit)
Cash $10,050 (credit)
D.
Trade Receivable $2,700 (debit)
Fees Earned $2,700 (credit)
E.
Rent Expense $1,225 (debit)
Cash $1,225 (credit)
F.
Cash $1,125 (debit)
Trade Receivable $1,125 (credit)
Required 2 : Posting Journal Entries to T - Accounts
Cash Account
<u>Debit</u>
Capital ; K. Spade $100,750
Trade Receivable $1,125
Totals $101,875
<u>Credit</u>
Trade Payable $10,050
Rent Expense $1,225
Balance c/d $90,600
Totals $101,875
Capital Account
<u>Debit</u>
Balance c/d $100,750
Totals $100,750
<u>Credit</u>
Cash $100,750
Totals $100,750
Office Equipment Account
<u>Debit</u>
Trade Payable $10,050
Totals $10,050
<u>Credit</u>
Balance c/d $10,050
Totals $10,050
Trade Payable Account
<u>Debit</u>
Cash $10,050
Totals $10,050
<u>Credit</u>
Office Equipment $10,050
Totals $10,050
Trade Receivable Account
<u>Debit</u>
Fees Earned $2,700
Totals $2,700
<u>Credit</u>
Cash $1,125
Balance c/d $1,575
Totals $2,700
Rent Expense Account
<u>Debit</u>
Cash $1,225
Totals $1,225
<u>Credit</u>
Profit and Loss Account $1,225
Totals $1,225
Fees Earned Account
<u>Debit</u>
Trading Account $2,700
Totals $2,700
<u>Credit</u>
Trade Receivable $2,700
Totals $2,700
Explanation:
All transaction are first record in the journal. Be careful to use the account titles provided by the question.
The Posting to general account is the second stage in accounting. Here account balances to be transferred into the trial balance are established.
Answer:
330 tickets sold to adults
370 tickets sold to children
Explanation:
Suppose:
Number of Tickets
Adult = A
Child = C
According to given condition
A + C = 700 (Eq 1)
7A + 3C = 3,420 (Eq 2)
By multiplying (Eq 1) with 3 we get
3A + 3C = 2,100 (Eq 3)
By subtracting (Eq 3) from (Eq 1)
7A + 3C - (3A + 3C) = 3,420 - 2100
7A - 3A + 3C -3C = 1320
4A = 1320
A = 1320/4
A = 330
Putting value of A in (Eq 1)
330 + C = 700
C = 700 - 330
C = 370
Check:
(7x330) + ( 3x370) = 3420
2310 + 1110 = 3420
3420 = 3420
In their chief role of decision maker or planner, operations managers exert considerable influence over the degree to which the goals and objectives of the organization are realized.
<u>Explanation:</u>
Planned decision making is one of the most vital managerial process. The steps involved in framing preparation of decision establishing are as follows,
- Exploring the decision situation
- Determining the value of the decision
- Identifying and confirming stakeholders
- Considering connected decisions
The steps included in defining success of the decision making are,
- Identifying guiding requirements
- Considering criteria categories
- Prioritizing the criteria
The following are the final steps of decision making process,
- Mapping the issues or concerns that are to relevant decisions
Planned decision making is the crucial process in every business entity. This helps in the forward movement of the business.
