1. Using a perpetual inventory system, the entry to record the sale for Walmart includes a debit to the <u>Cash account</u><u> </u>and a credit to the <u>Sales Revenue account</u> for $250.
2. The entry to record the cost of the sale under the perpetual inventory system includes a debit to the <u>cost of goods sold</u> and a credit to <u>Inventory</u> for $100.
<h3>What is the perpetual inventory system?</h3>
The perpetual inventory system can be differentiated from the periodic inventory system by the fact that perpetual inventory continuously updates the inventory value without relying on the physical inventory count.
Under this system, the cost of goods sold is <u>debited</u> and the inventory account is <u>credited</u>.
Learn more about the perpetual inventory system at brainly.com/question/25014592
when hilton hotels hired ross klein and amar lalvani from starwood hotels, klein and lalvani took many electronic documents with them from starwood. what they did was simply good business and presented no ethical problems.
This problem is a False Statement.
What is ethical problems?
An ethical problem, also known as a moral problem or ethical paradox, arises when a person must choose between two possibilities, none of which are wholly ethically acceptable.
Therefore,
This problem is a False Statement.
To learn more about ethical problems from the given statement:
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Answer: no
Explanation: You’re so stupid for finding it here :/
Plz don’t report me I’m just trying to do my homework like y’all
Answer:
Please see the attached snapshots for the answers.
Explanation:
a.
Debit: Cash $30,000
Credit: Service Revenue $30,000
To record Service Revenue.
b.
Debit: Supplies $20,000
Credit: Accounts Payable $20,000
To record purchase of supplies on account.
c.
Debit: Salaries Expense $7,000
Credit: Cash $7,000
To record salaries Expense.
