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2 years ago

20) Tudor's Deli and Catering could have sold their delivery van on December 31, 2010 for $16,000. If they

Business

1 answer:

Allisa [31]2 years ago

5 0

Answer:

13000-16000=3000

The property depreciated for 18.75 percent

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A shipment of frozen fish arrives at your food establishment. you see that the outside bottoms of the shipping cartons have too

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<span>Excess browning at the edges, ice formation at the bottoms of the containers, and are indicators of thawing and refreezing. While in standard at-home practice of refreezing thawed fish is acceptable, it is not during shipping because it is impossible to tell how long the fish were kept out of a cold environment and may transmit disease (plus, visible damage to the fish decreases salability).</span>

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4 years ago

Read 2 more answers

Arthur Industries entered into the following transactions during the month of June. Purchased supplies for $5,300 cash. Paid $4,

VMariaS [17]

Answer:

S/N Account Titles and Explanation Debit Credit

A Supplies $5,300

Cash $5,300

(To record the purchase of supplies for cash)

B Salaries and wages expense $ 4,480

Cash $4,480

(To record the payment of wages and salaries)

C Prepaid rent $ 560

Cash $560

(To record the payment of prepaid rent for July)

D Accounts receivable $13,400

Service revenue $13,400

(To record the services provided on account)

E Accounts payable $800

Cash $800

(To record the payment made on Accounts payable)

F Cash $310

Unearned revenue/Deferred revenue $310

(To record the unearned services revenue)

G Repairs and maintenance expense $410

Accounts payable $410

(To record the accounts payable for repairs expenses incurred)

H Equipment $740

Cash $740

(To record the purchase of equipment for cash)

8 0

3 years ago

Malik Corp.'s bank statement has an ending balance of $50,000. The deposits in transit were $6,000. NSF checks were $1,000. Chec

olya-2409 [2.1K]

Answer:

Corrected cash balance =

Ending balance = $50,000

Deposit in transit = + $6,000

NSF Checks = - $1,000

Outstanding checks <u>= - $3,000</u>

Corrected cash balance = $52,000

Explanation:

To make Adjustments to the cash balance, follow these steps;

Ending Balance from Bank statement
Add Deposits in Transit
Deduct NSF checks
Deduct Outstanding checks

6 0

3 years ago

Which of the following buys products in foreign markets and then sells them for resale in its home country?

julsineya [31]

Answer:importer

Explanation:

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4 years ago

Whispering Corporation factors $276,900 of accounts receivable with Kathleen Battle Financing, Inc. on a with recourse basis. Ka

erica [24]

Answer:

The journal entry is given below.

Explanation:

Journal entry.

Aug.15 2020 Cash A/c Dr $260,286

Reserve amount A/c Dr $11,076

Loss on sale A/c Dr $9,058

To Recourse obligation A/c $3,520

To Accounts receivable A/c $276,900

Computation are as follows:

Accounts Receivable = $276,900

Finance charges = $276,900 × 2% = $5,538

Reserve amount = $276,900 × 4% = $11,076

Recourse obligation=$3,520

Loss on sale = Finance charges + Recourse obligation = $9,058

Cash proceeds = Accounts Receivable - Finance charges - Reserve amount = $260,286

7 0

3 years ago