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marta [7]
3 years ago
7

As the full-time bookkeeper, your job is to make any corrections to the general ledger accounts. Each correction needs the reaso

n for the change and the effect on each account, whether it is an increase or decrease. For the third time this month, a co-worker has recorded a cash receipt twice and wants you to record a correcting entry that will reverse the mistakes. The correcting entry will record a credit to the Cash account and a debit to the Sales account. Your co-worker has offered to buy you dinner for fixing this mistake.
Required:
What should you investigate before making a decision about the correcting entry?
Business
1 answer:
igomit [66]3 years ago
3 0

Answer: See explanation

Explanation:

Based on the information given, we are informed that the co-worker has recorded a cash receipt twice and wants the full time bookkeeper to record a correcting entry that will reverse the mistakes.

Before making a decision about the correcting entry, it is necessary to check the entry and cross check the balances for sales and cash. One has to also check the receipts and every other necessary details in order to make sure that the transaction is genuine and not fraudulent.

After the through check, if the person is sure and confident that everything is okay, then the correcting entry can be made.

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Answer:

To get a good grade.

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2 years ago
In a brainstorming session for a new drug to lower cholesterol, the members of the marketing department agreed the benefits of t
tiny-mole [99]

Answer: C- Encoding

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It is the way of turning or transforming ideas into communication by using a channel that could be texts, phone calls or even in-person conferences. In this case, the marketing department decides to encode an ad campaign to the market so as to promote the new drug for lowering cholesterol.

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3 years ago
The manager of a bulk foods establishment sells a trail mix for $6 per pound and premium cashews for $12 per pound. The manager
irakobra [83]

Answer:

70

Explanation:

12X+6(105-X)=105*10

12X+630-6X=1050

6X=1050-630

6X=420

X=420/6

So,

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  • 105-70=35 LBS. OF $6 TRAIL MIX IS USED.

<u>PROOF: </u>

12*70+6*35=105*10

840+210=1050

1050=1050

3 0
3 years ago
Some economists suspect that one of the reasons that economies in developing countries grow so slowly is that they do not have w
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The Manufacturing Principles are a set of elements shared by all manufacturing industries that revolve around the concepts of flow and variation. These principles have emerged as a result of close collaboration with the manufacturing industries at both the research and operational levels.

A wide range of complex chemical or biological processes are used in the production of API. API synthesis from raw materials necessitates multi-step procedures involving a variety of high-tech processing technologies.

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