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Tema [17]
2 years ago
15

Journalize the following sales transactions for Straight Shot Archery using the periodic inventory system. E (Record debits firs

t, then credits. Exclude explanations from journal entries.
Aug. 1 Sold $6,500 of equipment on account, credit terms are 1/10, n/30.
Aug. 8 Straight Shot received payment from the customer on the amount due from August 1, less the discount.
Aug. 15 Sold $3,100 of equipment on account, credit terms are n/45, FOB destination.
Aug. 15 Straight Shot paid $90 on freight out.
Aug. 20 Straight Shot negotiated a $500 allowance on the goods sold on August 15.
Aug. 24 Received payment from the customer on the amount due from August 15, less the allowance.
Business
1 answer:
Cloud [144]2 years ago
4 0

Answer:

Aug. 1

Debit :

Credit :

Aug. 8

Debit :

Credit :

Aug. 15

Debit :

Credit :

Aug. 15

Debit :

Credit :

Aug. 20

Debit :

Credit :

Aug. 24

Debit :

Credit :

Explanation:

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Why does life have to be hard?
Misha Larkins [42]

Answer:

Life is hard because life needs to know if you're willing to fight. Willing to be strong when life is 'hard'. The second that you prove yourself with one challenge, another challenge show's up. Don't let life get you down. Be grateful for all you have. Live as if it's your last day. :>

Explanation:

7 0
2 years ago
Read 2 more answers
In 1893, a one-million acre area of the grand canyon national forest reserve was home to an estimated 3,000 rocky mountain mule
Sladkaya [172]

Answer:

0.1 / acre or 1 / 10 acres

Explanation:

The density of an animal in a given area is given by the number of animals per unit of area.

In this case, we want to know the density of the mule deer in 1923 (100,000) divided by the total area of the Grand Canyon National forest Reserve (1,000,000 acres).

So, we'll simply divide 100,000 by 1,000,000 to get:

D = 100,000 / 1,000,000 = 0.1

The density of the mule deer within the Grand Canyon National forest Reserve  is of 0.1 / acre or 1 / 10 acres

3 0
3 years ago
If a firm increases its use of capital while holding constant the number of workers employed, the firm is said to experience:
stich3 [128]

Answer:

It is capital deepening (D)

Explanation:

Capital deepening typically represents an increase in the capital-labor ratio. This arises when there is infusion of additional capital(e.g technological improvement) into the production processes while work force is either kept constant or cut-down and thereby makes labor to be more productive.

Hence, as the capital-labor ratio increases, the marginal product of labor, i.e. the amount of product that can be produced by supplying one more unit of labor, increases  because there are now more units of capital per worker.

8 0
3 years ago
On November 1 of year 0, Jaxon borrowed $50,000 from Bucksnort Savings and Loan for use in his business. In December, Jaxon paid
Stels [109]

Answer:

a. $750

b. $750

Explanation:

The first thing to do is calculate the monthly interest as follows:

Monthly interest = Total interest ÷ 12 = $4,500 ÷ 12 = $375

The rent for two months in year 0 (November and December) = $375 × 2 = $750.

Prepaid expenses (January to October of year 1) = $4,500 - $750 = $3,750.

Decision:

Prepaid expenses is not deductible under either cash accounting method or accrual accounting method for tax purposes.

Therefore, Jaxon can deduct only $750 two months (November and December) relevant for year 0 under both cash accounting method and accrual accounting method.

The prepaid expenses of $3,750 is not deductible in year 0 but can only be deducted in year 1.

4 0
3 years ago
Consider to communities: Alpha and Omega. Alpha has 10 residents, 5 who earn $60,000 and 5 who earn $20,000. Omega also has 10 r
ryzh [129]
5 is equal to 90.000 that is how I know my answer, hope this helps
4 0
3 years ago
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