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
lesya [120]
2 years ago
7

What happens to the balance sheet when a company makes sales of $500, of which $300 is paid in cash and $200 is sold on credit

Business
1 answer:
postnew [5]2 years ago
7 0

Based on the information given what happens to the balance sheet is:

Debit Cash $300 ; Debit Accounts receivables $200 ;Credit Retained earnings $500.

The appropriate journal entry is:

Debit Cash $300

Debit Accounts receivables $200

Credit Retained earnings $500

(To record retained earnings)

Inconclusion  what happens to the balance sheet is: Debit Cash $300 ; Debit Accounts receivables $200 ;Credit Retained earnings $500.

Learn more about balance sheet here:brainly.com/question/1113933

You might be interested in
If your lifestyle budget is $50000 a year selecting a career earning $75,000 will most likely allow you to meet your lifestyle g
NARA [144]
From what is said the answer is true. that leaves 25000 over your lifestyle budget
8 0
3 years ago
Johnson Company has current year accounts payable of $25,000 and cost of goods sold of $100,000. Compute Johnson Company’s days’
natita [175]

Answer:

the days payable outstanding is 91.25 days

Explanation:

The computation of the days payable outstanding is  shown below:

Days' payable outstanding is

= (Accounts Payable ÷  Cost of goods sold) × total number of days in a year

= ($25,000 ÷ $100,00) × 365 days

= 91.25 days

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Hence, the days payable outstanding is 91.25 days

7 0
3 years ago
Identify the major transportation improvements in this period, and explain how they influenced the market economy.
kramer
In the first half of the nineteenth century, the steamboat, canal, railroad and telegraph were presented. This made transportation a great deal less expensive and quicker for organizations. It additionally connected agriculturists to national markets. The railroad gave employments to such huge numbers of Americans, despite the fact that many were foreigners. Telegraph made it conceivable to impart cross country, in any event quicker than mail would. It was for the most part utilized for organizations. Each of the four of these innovations twisted America out of its monetary past by making exchange/business speedier, less expensive, and more productive.
7 0
3 years ago
please subscribe my mom's channel those who subscribed my mom's channel I will mark as brainlylist,thnx and follow 101 % gaurant
Jobisdone [24]

Answer:

Explanation:

don't worry bro i have subscribed just now

7 0
3 years ago
Daniel ordered 64 cases of oil for his store. Each case had 254 bottes of oil. Thirty-
AlekseyPX

Answer:

$ 5,625

Explanation:

Each case contained 254 bottles

Costs per case

High grade: @$225

Lower grade-grade: @ $150

Daniel is paying for what arrived only. He received

19 case of high grade

9 cases of lower-grade

The amount that Daniel paid:

For high grade: = 19 x $225 = $ 4,275

For lower-grade = 9 x $150 = $ 1, 350

Total amount = $ 5,625

8 0
3 years ago
Other questions:
  • An agent that represents a cluster of manufacturers, e-tailers, and content providers organized around a life event or major ass
    8·1 answer
  • Which of the following can be classified as a Third-Party Logistics Provider (3PL)?
    8·1 answer
  • The Starr Theater, owned by Meg Vargo, will begin operations in March. The Starr will be unique in that it will show only triple
    6·1 answer
  • You are scheduled to receive annual payments of $60,000 for each of the next 20 years. The annual rate of return is 8 percent. W
    14·1 answer
  • If a portfolio had a return of 8%, the risk-free asset return was 3%, and the standard deviation of the portfolio's excess retur
    9·1 answer
  • What happens to your employer-sponsored retirement plan if you decide to change employers?
    9·2 answers
  • Which of the following statements is correct?
    14·1 answer
  • Follow cgdstacoz on tiktok
    15·1 answer
  • The May bank statement for Rental shows a balance of $6,300​, but the balance per books shows a cash balance of $8,200. Other in
    14·1 answer
  • If the true mean is .9350 with a standard deviation of 0.0090, within what interval will 90 percent of the sample means fall? (r
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!