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Nady [450]
2 years ago
7

On May 10, 2020, Splish Co. enters into a contract to deliver a product to Greig Inc. on June 15, 2020. Greig agrees to pay the

full contract price of $2,060 on July 15, 2020. The cost of the goods is $1,380. Splish delivers the product to Greig on June 15, 2020, and receives payment on July 15, 2020. Prepare the journal entries for Splish related to this contract. Either party may terminate the contract without compensation until one of the parties performs.
Business
1 answer:
Amiraneli [1.4K]2 years ago
4 0

Answer:

May 15, 2020

No Entry

June 15, 2020

Debit: Account Receivable 2,060

Credit Revenue 2,060

Debit COGS 1,380

Credit Inventory 1,380

July 15, 2020

Debit Cash 2,060

Credit Account Receivable 2,060

Explanation:

Preparation of the journal entries for Splish related to this contract.

May 15, 2020

No Entry

June 15, 2020

Debit: Account Receivable 2,060

Credit Revenue 2,060

Debit COGS 1,380

Credit Inventory 1,380

July 15, 2020

Debit Cash 2,060

Credit Account Receivable 2,060

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Matrix Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Balance Beginning Balance
Bad White [126]

Answer:

Check the explanation

Explanation:

Cash flow from operating activities:  

Net income                                                                     $116

Adjustment to reconcile net income to cash basis:  

Depreciation expense ($359+1-347)                              $13

Gain on sale of equipment                                              (14)

Decrease in account receivable (40-39)                         $1

Decrease in inventory (44-43)                                          $1

Increase in account payable (30-26)                               $4

Decrease in accrued liabilities (18-15)                              (3)

Decrease in income tax payable (40-39)                         (1)

Net cash flow from operating activities                           $117

5 0
3 years ago
Stephi owns a footwear store. She wants to create a graph of the number of sneakers sold, by brand. She copies the SneakerSales
sukhopar [10]

Answer:

the answer is a

Explanation:

pasting the query results into a spreadsheet :)

brainliest/crown please :)

6 0
2 years ago
The opening balance of one of the 31-day billing cycles for Clay's credit card was $3300, but after 15 days Clay made a payment
babymother [125]

For apex it’s $45.18

3 0
3 years ago
Read 2 more answers
Research proves that heterogeneous groups are infinitely more productive and creative than homogeneous groups. Describe environm
exis [7]

Explanation:

Homogeneous groups are those composed of people with the greatest number of similarities possible, such as experiences, educational level, opinions and skills. An environment that can be found in homogeneous groups is in work teams, where the members have educational levels and skills as similar as possible to achieve goals and objectives.

A heterogeneous group, on the other hand, is made up of different people regarding different variables, such as culture, opinions, languages, life experience and several others. This type of group is common to find in higher education institutions.

Research shows that heterogeneous groups are more productive and creative, and this refers to the social plurality in which they are found in this group, since having different types of people with different cultures, experiences and skills, can reinforce the dynamics of the group and the productivity.

It is important for the human being to be in contact with different people, as there is mutual enrichment between the exchange of experiences. Heterogeneous groups are increasingly common in a globalized world, so we must seek to expand the individual view and try to exercise activities where it is possible to contact different people, this increases individual perspectives, knowledge and mutual respect

4 0
3 years ago
Natalia worked in an automobile plant. she lost her job when the plant relocated to another state.
Agata [3.3K]

Answer:

$400.65

Explanation:

Natalia's last 26 weekly salaries:

Week Salary

1 715

2 700

3 730

4 730

5 730

6 720

7 700

8 720

9 720

10 720

11 725

12 720

13 725

14 730

15 730

16 735

17 735

18 735

19 740

20 740

21 740

22 740

23 740

24 740

25 740

26 740

The total compensation for the last 26 weeks = $18,940

her average weekly salary = $18,940 / 26 = $728.46

her unemployment compensation = average weekly salary x 55% = $728.46 x 55% = $400.65

6 0
3 years ago
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