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sladkih [1.3K]
3 years ago
13

quantum mechanics shop sells a bicycle to reniel, a costumer who uses a local card(a national credit card, but not issued by an

bank) in recrding this sale the entity should record​
Business
1 answer:
Svetradugi [14.3K]3 years ago
5 0

Answer:

the journal entry to record this sale should be:

Dr Accounts receivable X

Dr Credit card fees Y

    Cr Sales revenue X+Y

Explanation:

The journal entry to record sales using credit cards issued by banks, e.g. VISA, MasterCard, etc., which pay immediately or almost immediately (the same day or the following day) and manage the payments through the company's bank account:

Dr Cash X

Dr Credit card fees Y

    Cr Sales revenue X+Y

Since credit cards not issued by banks (e.g. many American Express cards are issued by American Express itself not by banks) do not pay immediately, a company must record an account receivable, it cannot record cash. In order to collect the payment, the company must submit the credit card receipt to the credit card company and then wait for it to be processed and paid. This may take a few days or even a couple of weeks.

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Lebron received $51,900 of compensation from his employer and he received $455 of interest from a municipal bond. What is the am
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Answer:

gross income amount = $51,900

Explanation:

given data

received compensation = $51,900

received interest from municipal bond = $455

solution

we get here amount of Lebron's gross income  that is

gross income amount = only received compensation here

receive interest from municipal bond is not consider here for gross income

so here gross income amount will be only here

gross income amount = $51,900

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3 years ago
Asha team lead wanted to make some changes in the seating arrangement of her team members in order to improve communication betw
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Answer: c. two-way communication

Explanation: Answer Options: a. one-way communication ; b. intrapersonal communication ; c. two-way communication ; d. a soliloquy ; e. a monologue.

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3 years ago
Carl jung's view of extroverted and introverted types serves as a basis of the ________.
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8 0
4 years ago
Mapleleaf Industries declared a $0.85 per share cash dividend. The company has 130,000 shares authorized, 51,000 shares issued,
patriot [66]

Answer:

Mapleleaf Industries

Journal Entry

Debit Cash Dividend $40,800

Credit Dividends Payable $40,800

To record the declaration of $0.85 per share cash dividend.

Explanation:

This journal entry shows the two accounts involved and how they are recorded when a cash dividend is declared (declaration date).

Calculation of cash dividends is based on 48,000 shares of common stock outstanding and not on the issued shares nor the authorized.  Usually, dividends are only payable to shareholders of record, who appear on the register of the company as holders of the shares on the specified date (date of records).

So, the divided equals $40,800 (48,000 x $0.85).

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4 years ago
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This group most likely received a rack rate.
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