1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
maks197457 [2]
2 years ago
9

T. Hillcrest Co. sold $500 of merchandise on a bank credit card with a 5% fee. The entry to record this sales transaction would

include debit(s) to:
Business
1 answer:
Rufina [12.5K]2 years ago
8 0

Answer:

Cash for $475 and Credit Card Expense for $25

Explanation:

Cash for $475 and Credit Card Expense for $25

You might be interested in
Who was the researcher who identified three types of travelers on a continuum
irinina [24]
Stanley Plog was the researcher who identified 3 types of travelers
7 0
3 years ago
Read 2 more answers
4. Tom Busby owes $20,000 now. A lender will carry the debt for four more years at 8 percent interest. That is, in this particul
bezimeni [28]

Answer:

Tom Busby

His annual payment will be:

= $4,091.64

Explanation:

a) Data:

Loan = $20,000

Interest on loan for 4 years = 8% per annum

Amount of loan after 4 years = $27,200 ($20,000 * 1.360)

Payment period = 12 years

Interest rate during payment period = 11%

b) From online finance calculator:

You will need to pay $4,091 every year for 12 years to payoff the debt at 11% interest.

Monthly Payment $340.97

Annual Payment  $4,091.64

Time Required to Clear Debt 12.00 years

Total of 144 or 12 Payments = $49,099.25

Total Interest $21,899.25

8 0
3 years ago
You purchased a stock for $29.40 a share, received a dividend of $0.72 per share, and sold the stock after one year for $31.30 a
Ludmilka [50]

Answer:

2.45%

Explanation:

dividend yield = annual dividend / Stock Price per share

$0.72 / $ 29.40 = 0.0245     (2.45%)

6 0
3 years ago
A bank reconciliation is a(n) ______. Multiple choice question. internal report prepared to verify the accuracy of the voucher s
Rzqust [24]

A bank reconciliation is a(n): Internal report prepared to compare the company's cash records with the bank statement report.

Bank reconciliation is the way in which the bank  balance is compare with cash balance in order to detect and rectified  any discrepancies or error.

Important of Bank reconciliation includes:

• It enables company's or organizations to know the actual position of their  bank balanc

•It help to detect errors

•It help to detect  fraud

•It help to prevent fraud

•It help to prevent embezzlement of money.

•It help to verify the accuracy of both the bank balance and the cash balance.

Inconclusion A bank reconciliation is a(n): Internal report prepared to compare the company's cash records with the bank statement report.

Learn more here:

brainly.com/question/15525383

6 0
3 years ago
Paris Company had common stock of $350,000 and retained earnings of $490,000. London Inc. had common stock of $700,000 and retai
Ganezh [65]

Answer: D. $2870000

Explanation:

Consolidated Assets are the assets that a company owes whether directly or indirectly through a subsidiary which will then be shown on the consolidated balance sheet of the company.

From the information given, the amount of total consolidated net assets will be calculated as:

= ($34000 × 35) + $700,000 + $980,000

= $1,190,000 + $700,000 + $980,000

= $2,870,000

8 0
3 years ago
Other questions:
  • A leveraged buyout (LBO) Multiple Choice is based on an expectation that the new private owners will not restructure the company
    9·1 answer
  • Relay Corporation manufactures batons. Relay can manufacture 300,000 batons a year at a variable cost of$750,000 and a fixed cos
    8·1 answer
  • Doctor Smith is contemplating the purchase of Dr. Johnson’s practice. Frank, his office manager, is about to prepare a worksheet
    12·1 answer
  • A cut in taxes _____, shifting the aggregate demand curve to the _____. increases corporate profits and investment; left increas
    9·1 answer
  • Suppose your local government decided to tax the interest income on its own bonds as part of an effort to rectify serious budget
    11·1 answer
  • Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $68,000 and $3450, re
    7·1 answer
  • While Melissa was working at the factory, a heavy machine fell on her and broke her legs. Her doctors say that she needs three m
    13·2 answers
  • When considering the impact of institutions and policies on economic performance, it is most important to focus onA. long-term e
    14·1 answer
  • Net income for the year for Carrie, Inc. was $750,000, but the statement of cash flows reports that net cash provided by operati
    6·1 answer
  • Question below:
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!