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3 years ago

EVERYBODY SHARE THE GOSPEL MESSAGE WITH EVERYBODY YOU KNOW!

Business

1 answer:

Trava [24]3 years ago

8 0

Answer:

yess Jesus is amazing, believe it he is our Lord and Saviour

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Steps in the Accounting Cycle Listed below, out of order, are the steps in an accounting cycle.

sasho [114]

Answer:

Steps in the Accounting Cycle

a) The order in which the steps in the accounting cycle are performed is:

3, 6, 2, 1, 4, 8, 5, 9, 7

b) The steps in the accounting cycle that occur daily are:

2, 3, & 6

Explanation:

The correct ordered steps in the account cycle are:

3. Analyze transactions from source documents.

6. Record transactions in a journal.

2. Post journal entries to general ledger accounts.

1. Prepare the unadjusted trial balance.

4. Journalize and post adjusting entries.

8. Prepare the adjusted trial balance.

5. Prepare the financial statements.

9. Journalize and post closing entries.

7. Prepare the post-closing trial balance.

5 0

3 years ago

Cycle Wholesaling sold merchandise on account, with terms n/60, to Sarah’s Cycles on February 1 for $550 (cost of goods sold of

nikitadnepr [17]

Explanation:

The journal entries are shown below:

On February 1

Account receivable - Sarah’s Cycles A/c Dr $550

To Sales $550

(Being the goods are sold on credit)

Cost of goods sold A/c Dr $375

To Merchandise Inventory A/c $375

(Being goods are sold at cost)

On February 9

Sales return and allowance A/c Dr $137.50 ($550 ÷ 4)

To Accounts receivable - Sarah’s Cycles $137.50

(Being sales return is recorded)

Merchandise Inventory A/c $85

To Cost of goods sold A/c Dr $85

(Being sales return is recorded)

On March 2

Cash A/c Dr $412.50 ($550 - $137.50)

To Accounts receivable - Sarah’s Cycles $412.50

(Being cash is received)

The net profit margin is

= (Net sales - Cost of goods sold) ÷ Net sales

= ($412.50 - $290) ÷ ($412.50)

= 29.69%

The cost of goods sold

= $375 - $85

= $290

5 0

3 years ago

Which of the following would likely be covered under homeowners insurance but NOT by renter's insurance?a. Your basement floods,

VladimirAG [237]

Answer:

Explanation:

The answer is a tree branch breaks your bedroom window during a storm because this is covered by the homeowners insurance and not by the renters insurance

Renter’s insurance does not cover building or Structure on sites

7 0

3 years ago

What is the difference between a vocational school and on the job training

LenKa [72]

A vocational school, sometimes called a trade school or vocational college, is a type of educational institution, which, depending on country, may refer to secondary or post-secondary education designed to provide vocational education, or technical skills required to perform the tasks of a particular and specific job

5 0

3 years ago

Read 2 more answers

After managers have chosen an appropriate market for exporting, the next step is to ________. engage appropriate international t

Darina [25.2K]

The next step is to decide about the resources to be committed.

8 0

3 years ago