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4 years ago

Poll taxes hurt low income african american because taxes were paid in order to

Business

1 answer:

Sladkaya [172]4 years ago

6 0

Vote low income African American didn't make enough to keep up so they couldn't vote

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This information relates to Hanshew Real Estate Agency.

Molodets [167]

Answer and Explanation:

a. The Journal entry is shown below:-

1. Cash Dr, $35,000

To common stock $35,000

(Being received cash in exchange of common stock is recorded)

2. No Journal entry is required

3. Equipment Dr, $3,500

To Accounts payable $3,500

(Being equipment is recorded)

4. Accounts receivable Dr, $10,000

To service revenue $10,000

(Being service revenue is recorded)

5. Cash Dr, $140

To Service revenue $140

(Being Cash is recorded)

6. Accounts payable Dr, $700

To Cash $700

(Being accounts payable is recorded)

7. Salaries and wages expenses Dr, $3,000

To Cash $3,000

(Being Salaries and wages expenses is recorded)

b. The transaction of T accounts is shown below:-

Cash

Oct 1 $35,000 Oct 27 $700

Oct 10 $140 Oct 30 $3,000

Oct 31 $31,440

Accounts receivable

Oct 6 $10,000

Oct 31 $10,000

Equipment

Oct 3 $3,500

Oct 31 $3,500

Accounts payable

Oct 27 $700 Oct 3 $3,500

Oct 31 $2,800

Common stock

Oct 1 $35,000

Oct 31 $35,000

Service revenue

Oct 6 $10,000

Oct 10 $140

Oct 31 $10,140

Salaries and wages revenue

Oct 30 $3,000

Oct 31 $3,000

3 0

3 years ago

Crane Company has the following sales data: August September October November December Cash Sales $4000 $5000 $6000 $7000 $16000

umka21 [38]

Answer:

Collections for September is $ 57,100

Explanation:

Computation of cash receipts for September

Collections from cash sales of September $ 5,000

Collections from credit sales of August - 57 % of $ 50,000 $ 28,500

Collections from credit sales of September 40 % of $ 59,001 $ 23,600

Total collections for September $ 57,100

5 0

3 years ago

As little as _______ percent of privately owned 4es ever move from the start-up stage to the success stage.

Vinil7 [7]

As little as (C) 2 percent of privately owned 4es ever move from the start-up stage to the success stage. Owning a start-up company is a tedious and challenging job. It takes a lot of responsibility towards making it a stable one and easily attack conflicts. It is a big risk, but the success of the risk will bring you to a higher level.

6 0

3 years ago

In a make-to-order system, when a customer places a request for a product or service with a producer,

Mashutka [201]

A work order is created as soon as the customer places the request for a product or service. Since the manufacturing or the creation of the item begins only after order is made, all the resources and the raw materials should be in place well before time.

3 0

3 years ago

The accounts in the ledger of Seaside Furniture Company as of August 20Y5 are listed in alphabetical order as follows. All accou

musickatia [10]

Answer:

Cash $426,800.00

Debit side $6,500,000.00

Credit side $6,500,000.00

Explanation:

Preparation of the Unadjusted trial balance

SEASIDE Unadjusted Trial Balance

DEBIT SIDE

Cash 426,800.00

Accounts Receivable 660,500.00

Prepaid Insurance 21,600.00

Supplies 11,200.00

Land 1,850,000.00

Dividends 36,000.00

Wages Expense 2,950,000.00

Utilities Expense 82,000.00

Rent Expense 390,000.00

Supplies Expense 23,700.00

Insurance Expense 18,000.00

Miscellaneous Expense 30,200.00

TOTAL $6,500,000.00

CREDIT SIDE

Notes Payable 75,000.00

Accounts Payable 118,600.00

Unearned rent 12,000.00

Common stock 150,000.00

Retained Earnings 1,814,400.00

Fees Earned 4,330,000.00

TOTAL $6,500,000.00

CASH will be the balancing figure since the total of both Debit and Credit columns of trial balance must equal.

Therefore the Unadjusted trial balance be:

Debit side $6,500,000.00

Credit side $6,500,000.00

8 0

3 years ago