This information relates to Sunland Co.. 1. On April 5, purchased merchandise from Blossom Company for $26,400, terms 4/10, n/30. 2. On April 6, paid freight costs of $590 on merchandise purchased from Blossom Company. 3. On April 7, purchased equipment on account for $33,900. 4. On April 8, returned $5,200 of April 5 merchandise to Blossom Company. 5. On April 15, paid the amount due to Blossom Company in full. (a) Prepare the journal entries to record the transactions listed above on Sunland Co.’s books. Sunland Co. uses a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) No. Date Account Titles and Explanation Debit Credit 1. choose a transaction date enter an account title enter a debit amount enter a credit amount.
Answers
Answer and Explanation:
The journal entries are shown below:
1. Merchandise inventory $26,400
To Account payable $26,400
(Being purchase is recorded)
2. Merchandise inventory $590
To Cash $590
(Being freight paid)
3. Equipment $33,900
To Account payable $33,900
(Being purchase of an equipment is recorded)
4. Account payable $5,200
To Merchandise inventory $5,200
(Being purchase return is recorded)
5. Account payable $21,200 ($26,400 - $5,200)
To Cash $20,352
To Merchandise inventory ($21,200 × 0.04%) $848
(Being the amount paid is recorded)
Related Questions
7. Jannah is reviewing a report that a new marketing manager put together after assessing her small business. If Jannah wants to learn how familiar a custo
what section of the marketing report should she review?
Answers
To learn how familiar a customer is to the company, Jannah must look at the leads section of the marketing report.
What is a marketing report?It consists of a document through which an organization can visualize its performance over a period of time, through the analysis of data and information about the company's actions and strategies to achieve objectives and goals in the market.
Through qualitative and quantitative reports related to communication and sales, for example, the company is able to make more significant decisions about its strategy, with evaluations and corrections that will contribute to continuous improvement and positioning in the market.
So leads could be the section that Jannah would review to identify a potential customer, as this data significantly demonstrates an individual who engages with the company's business and can be turned into a customer.
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Genes can be turned on or turned off; not all genes are active at one time.
O False
O True
Answers
Answer:
False
Explanation:
explanation
A bank statement may not agree with the amount of cash recorded by the company in the cash account because of ______ differences and errors
Answers
The company's deposit was recorded incorrectly by the bank. Interest was paid by the bank, but it was not reported by the business. Outstanding deposits that are listed on the company's records but not the bank's.
What is a "deposit," exactly?
By adding funds to your bank account, you are making a deposit. You should place money in a bank to accumulate savings and earn interest. Demand deposits are placed for funds you can withdraw at any moment. Long-term investing opportunities include time deposits. You could also provide a deposit in exchange for the loan as security.
Demand deposits can take one of three fundamental types, which are listed below: There are three types of accounts listed: checking, savings, and money market (we will go into these in more detail later).
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According to Maslow, what must happen before people start trying to satisfy growth needs?
A) They must satisfy deficiency needs.
B) The must develop wisdom.
C) They must develop motivation.
D) They must satisfy higher-order needs.
Answers
c is my guess
Explanation:
Approximately what percentage of a reduction in errors did international air transport association have when thier employees working in cargo management obtaned instant access to clear and consistent working instructions for key tasks, such as accepting cargo as ready for air carriage?.
Answers
34% of a reduction in errors did international air transport association have when their employees working in cargo management obtained instant access to clear and consistent working instructions.
Transporting shipments, unloading cargo, picking, sorting, and storing are all included in the term "cargo management," which describes how these tasks are handled in logistical centres and warehouses. Those who organise, facilitate, expedite, and route the flow of incoming and departing shipments cargo and freight shipments in airlines and cargo agencies are known as cargo management officers. The cargo management officer makes sure that shipments of goods are kept and handled in accordance with Standard Operating Procedures (SOPs) and handling regulations. All shipment paperwork is prepared by the cargo management officer, who also handles stock control and housekeeping duties. Shipments are organised in accordance with cargo plans, thanks to the cargo management officer.
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identifying an example of the factor of production labour used in producing the Nano
Answers
Answer:
The Four Factors of Production
Land Labor Capital
The physical space and the natural resources in it (examples: water, timber, oil) The people able to transform resources into goods or services available for purchase A company's physical equipment and the money it uses to buy
Which of the following taxpayers in most likely to have income or loss from a passive activity? Jerald- He is a general partner in a financial planning business, and he manages the day-to-day operations of the business Holly- She in a full-time employee at a limited liability law partnership. Robert- He is a self-employed legal consultant, and he spent 500 hours during the current your doing legal work. He also owns rental property and he spent 900 hours making repairs and management decisions relating to his rental property Judy- She has invested in a limited partnership that designs specialty t-shirts, but she does not actively participate in any business or management activities
Answers
Passive activity is any activity in which the taxpayer does not actively participate.
Taxpayers with passive activities have income or losses that are treated differently than income or losses from non-passive activities. They are generally not fully deductible in the current tax year but are carried forward to future years and used to offset future passive activity income.
The passive activity rules limit the taxpayer's ability to deduct passive activity losses against income from other sources. Judy is most likely to have income or loss from a passive activity. She has invested in a limited partnership that designs specialty t-shirts, but she does not actively participate in any business or management activities.
Because Judy does not actively participate in the business, the partnership's income or loss is considered passive income or loss. As a result, Judy's ability to deduct losses from her investment is subject to the passive activity rules.
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percent of sales method at the end of the current year, accounts receivable has a balance of $4,375,000; allowance for doubtful accounts has a debit balance of $21,300; and sales for the year total $102,480,000. bad debt expense is estimated at 1/4 of 1% of sales. a. determine the amount of the adjusting entry for uncollectible accounts. $fill in the blank 1 b. determine the adjusted balances of accounts receivable, allowance for doubtful accounts, and bad debt expense. accounts receivable $fill in the blank 2 allowance for doubtful accounts $fill in the blank 3 bad debt expense
Answers
Based on the given information, the adjusting entry for uncollectible accounts is determined using the percent of sales method. The adjusted balances of accounts receivable.
a. The adjusting entry for uncollectible accounts is calculated using the percent of sales method. The bad debt expense is estimated at 1/4 of 1% of sales. To determine the amount of the adjusting entry, we multiply the sales for the year by the estimated bad debt expense rate. However, the sales amount is not provided in the question, so we cannot calculate the exact value for the adjusting entry.
b. The adjusted balances of accounts receivable, allowance for doubtful accounts, and bad debt expense can be determined after the adjusting entry is made. However, without knowing the specific values of the adjusting entry and the current balances of accounts receivable and allowance for doubtful accounts, we cannot calculate the adjusted balances. The question does not provide the necessary information to fill in the blanks for accounts receivable, allowance for doubtful accounts, and bad debt expense.
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Whom do price supports benefit and whom do
they hurt?
Answers
Emergency Operations Centers are part of the standard, national framework for incident management. This is described in A. the Command and Coordination component of the National Incident Management System (NIMS). B. the Resource Management component of the National Incident Management System (NIMS). C. the Operational Period Planning Cycle and Incident Action Plan for each individual incident. D. the Communications and Information Management component of the National Incident Management System (NIMS).
Answers
Answer:
Correct Answer:
C. the Operational Period, Planning Cycle, and Incident Action Plan for each individual incident.
Explanation:
Emergency Operations Centers are centers in National Incident Management in charge of incident management that is applicable at all jurisdictional levels and across functional disciplines.
Which are fees that are often referred to as closing costs on a home purchase? I. Legal fees
II. Land transfer tax
III. Home inspection fee
IV. Commissions
V. Appraisal fee
VI. Prepaid property tax
Points: 1
I, II and III, only
I, III, IV and VI, only
I, II, III, V and VI, only
II, III, IV, V and VI, only
Answers
The correct answer is I, II, III, V, and VI, only.
Closing costs are expenses incurred during the process of finalizing a home purchase. These costs typically include various fees and charges. Among the options provided, the fees that are often referred to as closing costs on a home purchase are:
I. Legal fees: These are the fees paid to a lawyer or a legal professional for handling the legal aspects of the home purchase transaction, including reviewing contracts, conducting title searches, and ensuring a smooth transfer of ownership.
II. Land transfer tax: This tax is imposed by the government when the ownership of a property is transferred from the seller to the buyer. The amount of land transfer tax varies depending on the jurisdiction and the value of the property.
III. Home inspection fee: This fee is paid to a professional home inspector who assesses the condition of the property, identifies any potential issues or defects, and provides a detailed report to the buyer.
V. Appraisal fee: An appraisal fee is charged when a professional appraiser evaluates the value of the property to determine its fair market value. This valuation is often required by lenders to ensure that the property is worth the amount being financed.
VI. Prepaid property tax: As part of the closing costs, buyers may be required to prepay a portion of the property taxes. This ensures that there are sufficient funds available to cover property tax expenses for the upcoming year.
Therefore, the fees often referred to as closing costs on a home purchase are I, II, III, V, and VI.
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what economic costs will a large corporation likely overlook when computing its profits? how about the owner of a family-run business or farm?
Answers
A large corporation may overlook several economic costs when computing its profits.
One such cost is the externalities, i.e., the costs that a corporation imposes on society, such as pollution or carbon emissions. These costs are not accounted for in the corporation's financial statements, but they have a significant impact on the environment and public health. Additionally, a corporation may overlook the cost of social responsibility, such as fair labor practices and ethical sourcing of raw materials. These costs are not immediately apparent but can affect the corporation's reputation and long-term profitability. On the other hand, the owner of a family-run business or farm may overlook costs related to personal time and effort. Family members may not account for the opportunity cost of their time and labor invested in the business, which could be spent on other activities that generate income or enhance their well-being. Additionally, a family-run business may overlook the cost of succession planning and the potential loss of knowledge and expertise when transferring ownership to the next generation. Finally, the owner of a family-run business may overlook the cost of financial risks, such as unexpected expenses or fluctuations in the market. Without proper risk management, these costs could threaten the survival of the business.
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The items below list several e-mail practices. If the practice describes something workers should do when using e-mail for business purposes, select Do. If the practice describes something workers should not do when using e-mail for business purposes, select Don't.
include a signature.
include lots of exclamation marks to get your point across.
include the thread of previous messages.
make e-mail messages brief.
always mark messages as urgent so your e-mails will be read first.
use a relevant subject line.
use all capital letters when the message is urgent.
Answers
Answer:
do
don't
do
do
don't
do
dont
apple music signed a five-year, $50 million-per-year deal to sponsor the super bowl halftime show. which previous halftime sponsor held the rights the longest?
Answers
A 30-second commercial during the Super Bowl the following year is expected to cost around $7 million. Apple, for one, determined that this was too expensive. The entire halftime show was thus purchased.
According to Brian McCarthy, the NFL's vice president of communications, the expensive does not pay halftime performers a "appearance fee, but the artists are indeed paid union scale." Each light, fireworks, or special effect can raise the overall cost by thousands of commercial. Sometimes the total comes to millions of dollars. For instance, Esquire claims that it cost $13 million to stage Jennifer Lopez and Shakira's 2020 concert.
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which of the following describes the term productivity
Answers
Productivity is the measurement of physical output relative to each unit of input, typically expressed in labour hours.
What is Productivity?
Productivity refers to the efficiency with which goods or services are produced. Productivity can also be expressed as a ratio of the entire output to a single input, the sum of all the inputs utilised in a production process, or the output per input, usually over a defined time period. The (aggregate) measure of labour productivity, using GDP per worker as an example, is the most common illustration. The selection of a productivity definition (including those that do not refer to ratios of output to input) depends on the goal of the productivity assessment and/or the availability of data. The main cause of variation across productivity metrics is frequently (directly or indirectly) connected to how the inputs and outputs are combined to produce such a ratio-type productivity indicator.
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if you deposit $100 into a savings account which compound interest every month at a 5 % yearly interest rate, what is the expression for the amount of
Answers
The interest earned after two years $70.28177.
This is the foremost basic variety of account you'll be able to open at any bank. A savings account, by definition, permits you to deposit your cash, safe with the bank, thus you do not have to be compelled to carry it around with you or hide it in this rusty recent steel safe reception. don't fret, you'll be able to withdraw these funds after you want them.
The interest rate is that the quantity a loaner charges a receiver and could be a share of the principal—the quantity loaned. The charge per unit on a loan is usually noted on an annual basis referred to as the annual share rate (APR).
The question is incomplete, find the complete question here
if you deposit $100 into a savings account which compound interest every month at a 5 % yearly interest rate, what is the expression for the amount of the interest earned after two years?
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Describe factors that encourage conspicuous
consumption by the purchase of status sym-
bols.
Answers
Veblen's initial thesis said that better social standing and peer recognition were the two key factors influencing ostentatious consumption.
Conspicuous consumerism is the act of acquiring things or services specifically with the intention of flaunting one's affluence. When publicly exhibited products and services are too expensive for other people in a person's class, conspicuous spending is a way to demonstrate one's social position.
What is the conspicuous consumerism theory?
Conspicuous consumption is defined as. Displaying extravagant riches in order to improve one's standing and reputation in society is known as conspicuous spending.To Learn more about conspicuous consumption, click the links
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How does decreasing your credit card balance affect your income statement? (1 point)
It increases your monthly expenses, increasing the amount you spend each month.
It increases your monthly expenses, giving you more money to spend on other things.
It decreases your monthly expenses, increasing the amount you spend each month.
It decreases your monthly expenses, giving you more money to spend on other things.
Answers
The way in which decreasing your credit card balance would affect your income statement is that: D. It decreases your monthly expenses, giving you more money to spend on other things.
What is a credit card?A credit card simply refers to a small, rectangular flat card that is issued by a financial institution to its eligible customers, in order to avail them an opportunity to purchase goods and services on credit, especially based on the agreement that this amount of money would be paid back at a specific time and interest rate.
Generally speaking, a credit card balance can be defined as the total amount of money that an individual owe his or her credit card company. This ultimately implies that, a decrease in credit card balance would cause a decrease in monthly expenses, which avails the credit card holder more money to spend on other things.
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Answer: 1. a loan from one entity electronically matched to another entity without a financial institution in the middle
2. a payday loan
3. an unsecured installment loan
4. It decreases your monthly expenses, giving you more money to spend on other things.
5. Determine or estimate the current value of everything you own.
6. Their ability to repay a loan
7. your prior record of paying your bills and paying off your debts
8. your age and gender
9. You can request one online or over the phone.
10. He should contact the credit bureau that issued the credit report, the companies that issued the seven fraudulent cards, his local police, and the federal government at identitytheft.gov.
11. -the lender that provided the incorrect information
-the credit bureau that prepared the report
12. right away
13. She won a $20 billion settlement for California homeowners whose homes were inappropriately foreclosed on.
14. The longer the term, the more you will pay in interest.
15. It will cost you less money overall.
16. A store credit card generally comes with a higher interest rate.
17. You will save money if you pay the balance off quickly.
18. -Clarifying the confusing language found on credit card applications.
-Forcing lending companies to disclose interest rates and hidden fees.
19. It banned credit card companies from raising interest rates after missed payments.
20. -a fixed annual charge for the use of a credit card
-a charge if the minimum payment is not paid by the due date
21. paying off the balance before interest can accrue
22. $30
23. Determine which card has the higher interest rate and pay the extra money to that card first.
Explanation: All these answers are correct!
PLZ HELP ASAP !! Econ !!
Answers
I'm pretty sure B
Explanation:
I dont knowing I'm correct but give meh a rating if I'm right
1. Complete as frases com a forma correta do verbo to be (am, is, are)
a) She
b) They
studying maths
having breakfast
drinking lemonade.
d) it
raining at the moment.
e) You
sitting in my chair.
listening to music
f) He
g) My sister
doing her homework.
h) Her children
making dinner.
Answers
Complete Question:
Complete the sentences with the correct form of the verb to be (am, is, are).
Answer:
a) is.
b) are.
c) am.
d) is.
e) are.
f) is.
g) is.
h) are.
Explanation:
A verb is one of the parts of speech in English language. Verbs can be defined as any word that describes an action, occurrence, or state of existence. Some examples of verb are dance, sing, walk, play, run, sit, etc.
A present continuous tense is simply used to describe an action that is being performed at the moment (on-going) or an unfinished action.
Completing the sentences with the correct form of verb, we have;
a) She is studying maths.
b) They are having breakfast.
c) I am drinking lemonade.
d) It is raining at the moment.
e) You are sitting in my chair
f) He is listening to music.
g) My sister is doing her homework.
h) Her children are making dinner.
If you see the letters "wh” on your paycheck, what do they stand for?
Answers
Which service will a c-snp or d-snp member in the high risk care management category receive?.
Answers
The service a c-snp or d-snp member in the high risk care management category receive is: Case Management such as telephonic, digital and/or face-to-face according to a person needs.
What is CSNP?CSNP which full meaning is chronic condition special needs plan is a plan that that enables people that has been diagnosed with chronic health condition to enroll for and this people must be a beneficiary of Medicare plan.
Medicare is an health insurance coverage that help to cover the medical cost of those that enroll under the plan.
Therefore the service a c-snp or d-snp member in the high risk care management category receive is: Case Management such as telephonic, digital and/or face-to-face based on individual needs.
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Your friend asks you, “How early do you think I should start saving and searching for scholarships and state aid?” What do you recommend? Why?
Answers
If my friend asks me about when He/She should start saving then I would suggest that the person should start saving when they have a salary in which they can completely afford their basic living,any surplus of the basic living should be saved.
Only a minimal of salary should be spent on luxuries, the person should start searching for scholarships when they are ready to go college and want the scholarship assistance.
State Aid should only be applied for if the person cannot afford their studies by doing job and when they are unable to secure any scholarship.
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To enter this field, a worker would be required to have earned a degree from a four-year college at least. received on-the-job training for several weeks only. received on-the-job training for several months only. earned technical training from a vocational school.
Answers
To enter this field, a worker would be required to have earned a degree from a four-year college at least. The correct option is A.
What is the value of a college degree?Not only do people with college degrees typically earn more money than those without degrees, but they are also much less likely to be unemployed and are more likely to receive health and retirement benefits as part of their employment. Furthermore, earning a degree has benefits that go beyond the financial.
A postsecondary degree, whether it be a bachelor's or master's, gives you the chance to pursue higher-paying careers that call for advanced skills. According to research, people with a college degree typically make more money overall than people with only a high school diploma.
Thus, the ideal selection is option A.
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Answer:
a
Explanation:
edge 2023
Describe the fruit storage process? OBTE
Answers
\( \: \: \: \: \: \: \)
cold storage, using refrigerated air. Other techniques include controlled-atmosphere (CA) storage and hypobaric storage.hope it helps\( \: \: \: \: \: \: \)
Expanding Access to Capital for Rural Job Creators Act.
Answers
The Expanding Access to Capital for Rural Job Creators Act would require the Securities and Exchange Commission to submit an annual file on the capital challenges rural small groups face and enable Congress to decide if legislative action is needed.
Expanding Access to Capital for Rural Job Creators Act.U.S. Congressman Henry Cuellar’s (D-TX-28) bipartisan Expanding Access to Capital for Rural Job Creators Act handed in the House of Representatives. Congressman Alex X. Mooney (R-WV-2), Congressman Chris Pappas (D-NH-1), and Congresswoman Teresa Leger Fernandez (D-NM-3) co-sponsored the Act to survey the issues small groups in rural areas face when attempting to get right of entry to capital.
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HELP ASAP PLEASE
The CPI is calculated by comparing
the spending levels at the beginning of
each year to the end of each year. In
this way, the calculation is similar to
what?
A. Unemployment
B. Inflation
C. Circular Flow Model
Answers
Answer:inflation
Explanation:
GMR industries entered the airport space in early 2000's and is today 1
counted amongst the top 5 airports, private airport developer and operators
globally. GMR industries presently owns and operates Delhi International
Airport and Hyderabad International Airport. Apart from being the largest
airport company in India, GMR industries are the only Indian Airport
developer to have developed and operated airports outside India.
Identify the types of industry and its category being discussed in the above
case?
Answers
Answer:
f
Explanation:swsw
Can someone please help?
Answers
Answer: B
Explanation:
Which is a characteristic of judging approach
Answers
Answer:
Clarity and Closure
Explanation
Judgers take a planned, ordered, and precisely calibrated approach to life, developing both short- and long-term plans to assist them in achieving their objectives. For them, schedules and "to-do" lists are consoling. They dislike uncertainty and change, preferring to know what they are getting into instead.
Those that have this preference feel more in control of their surroundings. They are disciplined and resolute, seeking resolution as soon as possible to reduce stress. Judgers struggle with open-ended plans because they have a "work first-play later" mentality. Instead of addressing issues as they arise, they would prefer to devise three distinct backup plans.
Judgers take their obligations and deadlines very seriously, both in business and in life. They are quite particular.