subject
Business, 09.10.2019 19:50 Multidewi3540

Acompany received cash sales of $15000. they also collected $43000 in receivables during the same month.

1. what is the journal entry for the collection of receivables?
a. debit expense and credit cash
b. credit expense and debit cash
c. debit cash and credit accounts receivable
d. debit account receivable and debit cash

2. what is the journal entry for the collection of sales?
a. debit sales and credit expense
b. credit sales and debit expense
c. debit sales and credit cash
d. debit cash and credit sales

3. if the sales received were all made by credit cards with a fee of 1.25%, what would be the journal entry for cash?
a. 187.50 credit
b. 187.50 debit
c. 14,821 credit
d. 14,821 debit

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:00
Do you think a travel organization company might be able to get less expensive airline tickets then you as an individual could get? (no less then 25 words)
Answers: 1
question
Business, 21.06.2019 22:20
Steele bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. steele produces and sells only 10,000 bikes each year. due to the low volume of activity, steele is unable to obtain the economies of scale that larger producers achieve. for example, steele could buy the handlebars for $31 each: they cost $34 each to make. the following is a detailed breakdown of current production costs: after seeing these figures, steele's president remarked that it would be foolish for the company to continue to produce the handlebars at $34 each when it can buy them for $31 each. calculate the total relevant cost. do you agree with the president's conclusion?
Answers: 1
question
Business, 22.06.2019 12:40
Kumar consulting operates several stock investment portfolios that are used by firms for investment of pension plan assets. last year, one portfolio had a realized return of 12.6 percent and a beta coefficient of 1.15. the average t-bond rate was 7 percent and the realized rate of return on the s& p 500 was 12 percent. what was the portfolio's alpha?
Answers: 1
question
Business, 23.06.2019 03:10
What two categories do strategic choices fall within? a. generic business strategies and cost leadership strategies b. business-level strategies and corporate-level strategies c. cost leadership strategies and corporate-level strategies d. diversification strategies and leadership strategies e. pricing strategies and cost-leadership strategies
Answers: 1
You know the right answer?
Acompany received cash sales of $15000. they also collected $43000 in receivables during the same mo...
Questions
question
Mathematics, 22.03.2020 09:24
question
Mathematics, 22.03.2020 09:31
question
English, 22.03.2020 09:35
question
Mathematics, 22.03.2020 09:35
Questions on the website: 13722363