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

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 18:10, hellokitty1647

Nestlé, a global food company headquartered in switzerland, provides its customers in each country with highly differentiated and customized products that fit the tastes and preferences of the local population. nestlé invests considerable resources in developing and maintaining a strong brand name that complements its high-quality product offerings across the globe. which of the following best fits nestlé's global strategy? 1. international strategy2. multi-domestic strategy3. global standardization strategy4. transnational strategy

Answers: 2

continue

Business, 22.06.2019 12:50, 22iungj

Salaries are $4,500 per week for five working days and are paid weekly at the end of the day fridays. the end of the month falls on a thursday. the accountant for dayton company made the appropriate accrual adjustment and posted it to the ledger. the balance of salaries payable, as shown on the adjusted trial balance, will be a (assume that there was no beginning balance in the salaries payable account.)

Answers: 1

continue

Business, 22.06.2019 15:30, thall5026

Calculate the required rate of return for climax inc., assuming that (1) investors expect a 4.0% rate of inflation in the future, (2) the real risk-free rate is 3.0%, (3) the market risk premium is 5.0%, (4) the firm has a beta of 2.30, and (5) its realized rate of return has averaged 15.0% over the last 5 years. do not round your intermediate calculations.

Answers: 3

continue

Business, 22.06.2019 16:40, krystalsozaa

Determining effects of stock splits oracle corp has had the following stock splits since its inception. effective date split amount october 12, 2000 2 for 1 january 18, 2000 2 for 1 february 26, 1999 3 for 2 august 15, 1997 3 for 2 april 16, 1996 3 for 2 february 22, 1995 3 for 2 november 8, 1993 2 for 1 june 16,1989 2 for 1 december 21, 1987 2 for 1 march 9, 1987 2 for 1 a. if the par value of oracle shares was originally $2, what would oracle corp. report as par value per share on its 2015 balance sheet? compute the revised par value after each stock split. round answers to three decimal places.

Answers: 1

continue

Do you know the correct answer?

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