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3 years ago

Paid $1,300 towards principal of the notes payable What is the credit and debit for this?

Business

1 answer:

Roman55 [17]3 years ago

4 0

Credit $1300 from you cash or bank account and Debit $1300 to Principal account.

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During January, its first month of operations, Marigold Company accumulated the following manufacturing costs: raw materials $5,

Fiesta28 [93]

Explanation:

The journal entries are as follows

1. Raw material inventory $5,100

To Account payable $5,100

(Being the raw material is purchased on account)

2. Factory labor $5,100

To Factory wages payable $1,700

To Payroll tax payable $2,900

(Being the factory overhead cost is recorded)

3. Manufacturing overhead $2,900

To Utilities payable $2,900

(Being the overhead cost is recorded)

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3 years ago

Allie is having three friends over to order pizza and watch a movie that just came out on DVD. She wants to make sure that she i

Lana71 [14]

Hey there,

Allie could look up coupon and discount deals for the pizza. She could ask each of her friends to chip in a small amount of money to help with the costs. Another thing she could do is compare the prices of DVD's from various stores.

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3 years ago

Read 2 more answers

Your cousin, who is in his early thirties, owns his own internet marketing company. before starting the internet marketing compa

Nadya [2.5K]

Answer:

This is an example of expertise

Explanation:

Expertise can be seen with the wide range of knowlege. Expertise can be seen in how the knowlege is applied as well.

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3 years ago

Harley-Davidson employs a method of inventory control demanding that suppliers deliver parts and raw materials to Harley's produ

anzhelika [568]

Answer:

Just-in-time inventory management

Explanation:

Just-in-time or JIT is an inventory management approach that encourages the purchase of materials only when they are needed in the production process. The JIT approach eliminates the need for storing large quantities of material for future productions. The acquisition of materials is aligned with the production process.

By adopting JIT, a business saves on inventory costs as materials are not purchased in bulk. Wastage that results from the storage of material is also eliminated. The success of JIT depends on management ability to forecast sales accurately and working with reliable suppliers.

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3 years ago

The production of small consumer goods is referred to as?

AURORKA [14]

The correct answer is : light Industry

Since a light industry only produce small consumer goods such as clothes, shoes, hand made dolls, etc, it usually less capital oriented than the heavy industries and more consumer oriented than business oriented

8 0

3 years ago