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Blizzard [7]
3 years ago
8

Journalize the entries to correct the following errors:

Business
1 answer:
Rzqust [24]3 years ago
6 0

Answer:

A. Dr Accounts Receivable for $569

Cr Supplies $569

Dr Supplies $108

Cr Accounts payable $108

B. Dr Cash $8820

Cr Fees earned $8820

Explanation:

Preparation of the entry to correct the following errors:

A. Dr Accounts Receivable for $569

Cr Supplies $569

Dr Supplies $108

Cr Accounts payable $108

B. Dr Cash $8820

Cr Fees earned $8820

($4410+$4410)

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Answer:

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Explanation:

Percentage-of-completion method : Under this method,

First we have to calculate the percentage which is based on current period cost to total period cost.

After that, multiply the percentage with the revenue so that we get to know how much revenue is being recognized during an particular year.

In mathematically,

Estimated Cost percentage =  current period cost ÷ total period cost

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Now,

Revenue recognized = Estimated cost percentage × Revenue

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Hence, by using the percentage-of-completion method the $64 million revenue should Parmac recognize in 2018

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Why​ isn't elasticity just measured by the slope of the demand​ curve?
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I think its B if not B than C most likely
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True or false Five out of seven members of the Board of Cosmetology must have been licensed cosmetologists for at least five yea
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<h3 />

What is a sales seminar?

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In conclusion, the company that manufactures the health products is using a <u>seminar</u> to  generate sales leads.

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