Answer:
b) credit to Rent Expense for $1530
Explanation:
Date Accounts and Explanation Debit Credit
Income Summary $5,550
Salaries & Wages Expense $2,900
Rent Expense $1,530
Advertising Expense $740
Supplies Expense $270
Insurance Expense $110
(To Close the expense accounts)
competitive promotional efforts. retaining loyal customers.
<h3>
What is promotional efforts?</h3>
Any effort made by a company to communicate with potential customers is considered a promotional activity. Promotional activities serve two primary functions. These are intended to: Customers should be informed about your store's products, prices, and services. Persuade customers to buy your products.
The most common type of marketing is product and service promotion. Advertising - You can advertise your product, service, or brand in newspapers, radio, television, magazines, outdoor signage, and online.
Promotional materials, events, or ideas are intended to increase product or service sales.
The most important function of a promotion is to distinguish a company from its competitors. If there was no competition, no business would ever need to run promotions.
To know more about promotional efforts follow the link:
brainly.com/question/28113237
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Answer:
Given that,
Company's bank reconciliation at June 30 included interest earned = $150
So, it must be cash must be debited and interest revenue must be credited in the accounts.
Therefore, the journal entry is as follows:
Cash A/c Dr. $150
To Interest revenue $150
(To record the interest revenue earned)
Answer:
S/n Account Title and Explanation Debit Credit
a. Bad Debt Expense $5,460
($182,000 sales x 3%)
Allowance for Doubtful Accounts $5,460
(To record bad debt expense)
b. Bad Debt Expense $5,460
($182,000 sales x 3%)
Allowance for Doubtful Accounts $5,460
(To record bad debt expense)
