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ioda
3 years ago
10

[The following information applies to the questions displayed below.]

Business
1 answer:
Sunny_sXe [5.5K]3 years ago
5 0

Answer:

Since the requirements are missing, I believe that you need the adjusting entries:

1. Depreciation on the equipment for the month of January is calculated using the straight-line method.

Dr Depreciation expense 375 ($18,000/4 x 1/12)

    Cr Accumulated depreciation, equipment 375

2. At the end of January, $3,500 of accounts receivable are past due, and the company estimates that 50% of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that 2% will not be collected. The note receivable of $18,000 is considered fully collectible and therefore is not included in the estimate of uncollectible accounts.

Dr Bad debt expense 6,250

    Cr Allowance for doubtful accounts 6,250

3. Accrued interest revenue on notes receivable for January.

Dr Interest receivable 75 ($18,000 x 5% x 1/12)

    Cr Interest revenue 75

4. Unpaid salaries at the end of January are $33,100.

Dr Salaries expense 33,100

    Cr Salaries payable 33,100

5. Accrued income taxes at the end of January are $9,500

Dr Income tax expense 9,500

    Cr Income tax payable 9,500

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The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and
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Total= $159,552



Giving the following information:
The company has budgeted to sell 15,600 Debs in February.
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Jack in the Box recently estimated that the cross price elasticity of demand for chicken sandwiches with respect to the price of
Damm [24]

Answer:

-1.8%

There would be a decrease in demand of 1.8%

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

If cross price elasticity of demand is positive, it means that the goods are substitute goods.

If the cross-price elasticity is negative, it means that the goods are complementary goods

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Jenny Manufactures sold toys listed at $360 per unit to Jack Inc. for $306, a trade discount of 15 percent. Jack Inc. in turn se
Vinvika [58]

Answer:

$306

Explanation:

Based on the information given Jenny should record the receivable and related sales revenue (per unit) at $306 reason been that we were told JENNY MANUFACTURES SOLD TOYS THAT WAS LISTED AT THE AMOUNT OF $360 PER UNIT TO JACK INC. FOR THE AMOUNT OF $306.

Hence, Jenny will record the RECEIVABLE AND RELATED SALES REVENUE (per unit) at $306.

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