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2 years ago

Bearcat Construction begins operations in March and has the following transactions.

Business

1 answer:

EleoNora [17]2 years ago

5 0

Answer:

Mar. 1

Dr Cash $16,500

Cr Common stock $16,500

Mar. 5

Dr Cash $8,100

Cr Notes payable $8,100

Mar. 10

Dr Equipment $20,500

Cr Cash $20,500

Mar. 15

Dr Advertising expense .$1,100

Cr Cash $1,100

Mar. 22

Dr Accounts receivable

$17,100

Cr Service revenue $17,100

Mar. 27

Dr Cash $12,100

Cr Accounts receivable $12,100

Mar. 28

Dr Salaries expense $5,100

Cr Cash $5,100

Explanation:

Preparation of the journal entries

Mar. 1

Dr Cash $16,500

Cr Common stock $16,500

Mar. 5

Dr Cash $8,100

Cr Notes payable $8,100

Mar. 10

Dr Equipment $20,500

Cr Cash $20,500

Mar. 15

Dr Advertising expense .$1,100

Cr Cash $1,100

Mar. 22

Dr Accounts receivable

$17,100

Cr Service revenue $17,100

Mar. 27

Dr Cash $12,100

Cr Accounts receivable $12,100

Mar. 28

Dr Salaries expense $5,100

Cr Cash $5,100

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Answer:

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Budgeted sales -870 boxes

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3 years ago

Ashton is working on a project at PowerTek Inc., a well-known multinational corporation. He is using capital budgeting to estim

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Answer: A. He will quite certainly gain approval since the project has a positive net present value.

Explanation:

The options are:

A. He will quite certainly gain approval since the project has a positive net present value.

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C. He will not gain approval as he failed to consider whether the project is leading edge or not.

D. Approval is probable but not likely as the project has been constructed on estimates instead of facts.

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3 years ago

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Answer:

The answer is D. Stereotyping

Explanation:

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