Answer:
B) the sale of goods to a customer.
Explanation:
When goods are sold to a customer, the cost of goods sold account is debited by the same value that the finished goods inventory is credited.
For example, suppose a company sells $1,000 worth of goods to a customer, and the sales price is $1,200. The customer pays by cash the full value of the goods. The journal entry would be:
Account Debit Credit
Cash $1,200
Sales Revenue $1,200
Cost of Goods Sold $1,000
Finished Goods Inventory $1,000
Answer:
The money you pay in taxes goes to many places. In addition to paying the salaries of government workers, your tax dollars also help to support common resources, such as police and firefighters. Tax money helps to ensure the roads you travel on are safe and well-maintained. Taxes fund public libraries and parks.
Answer:
$5,175
Explanation:
The computation of the amount after 8 month is as follows
As we know that
Amount = Principal × (1 + interest rate × number of days ÷ total number of days)
where,
Principal = $5,000
Interest rate = 5.25%
Number of days = 30 days × 8 months = 240 days
And, the total number of days = 360 days
So, the amount after 8 months is
= $5,000 × (1 + 5.25% × 240 days ÷ 360 days)
= $5,000 × 1.035
= $5,175
Your data would not be considered duplicated.
