Homework Answers
The entry would be
| Cash | 127,000 | |
| Sales revenue | 121,000 | |
| Cash overage | 6,000 |
Option A is the answer
Add Answer to:
On June 4, Marie Co. had cash sales rung up by cashiers totaling $121,000. Cash in...
See all photos + Add to The cashier for Bell Buoy rang up sales totaling $5,106,...
See all photos + Add to The cashier for Bell Buoy rang up sales totaling $5,106, but had $5,125 to deposit, which journal entry would be recorded Multiple Choice O A debit to Sales for $5,125, a debit to Cash Overage for $19, and a credit to Cash for $5,106. O O A debit to Cash for $5,106, a debit to Cash Shortage for $19, and a credit to Sales Revenue for $5,125. O A debit to Cash for $5,106,...
Northwest Electric had cash sales for the month totaling $90,000. Northwest offers a 6-month warranty on...
Northwest Electric had cash sales for the month totaling $90,000. Northwest offers a 6-month warranty on its services. If Northwest estimates warranty claims will equal 4% of sales, what is the journal entry to record the estimated warranty expense for the month? O A Debit Warranty expense, $3,600; credit Sales revenue. $3,600 OB. Debit Estimated warranty payable, $3,600; credit Warranty expense, $3,600 OC. Debit Warranty expense, $3,600; credit Estimated warranty payable, $3,600 OD. Debit Warranty expense, $3,600; credit Cash, $3,600
Pronghorn Co. uses the net method to account for cash discounts. On June 1,2020,it made sales...
Pronghorn Co. uses the net method to account for cash discounts. On June 1,2020,it made sales of $54,300 with terms 3/15, n/45.On June 12, 2020, Pronghorn received full payment for the June 1 sale Prepare the required journal entries for Pronghorn Co. (f no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit account oitles are automatically indented when the amount is entered. Do not indent manually Record journal entries in the...
Chap 99 . willed to come. With A company has advance subscription sales totaling $45,000 for...
Chap 99 . willed to come. With A company has advance subscription sales totaling $45,000 for the upcoming year when four party you company malls the first quarterly Journal to customers, should recordi Multiple Choice Debit Cash $11,250, credit Sales $11,250. Debit Prepaid Subscriptions $33,750; credit Uneamed Revenue $33,750. Debit Prepaid Subscriptions $11,250, credit Sales $11,250. Debit Unearned Revenue $11,250, credit Sales $11.250. Debit Unearned Revenue $45,000; credit Cash $45,000
Headland Co. uses the net method to account for cash discounts. On June 1, 2020, it...
Headland Co. uses the net method to account for cash discounts. On June 1, 2020, it made sales of $65,000 with terms 4/15, n/45. On June 12, 2020, Headland received full payment for the June 1 sale. Prepare the required journal entries for Headland Co. (if no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal...
Coronado Co. uses the gross method to record sales made on credit. On June 1, 2020,...
Coronado Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $63,000 with terms 2/15, n/45. On June 12, 2020, Coronado received full payment for the June 1 sale. Prepare the required journal entries for Coronado Co. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record...
Larkspur Co. uses the gross method to record sales made on credit. On June 1, 2020,...
Larkspur Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $64,000 with terms 2/15, n/45. On June 12, 2020, Larkspur received full payment for the June 1 sale. Prepare the required journal entries for Larkspur Co. (If no entry is required, select "No Entry"for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal...
Whispering Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $57,000 with...
Whispering Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $57,000 with terms 2/15, 1/45. On June 12, 2020, Whispering received full payment for the June 1 Prepare the required journal entries for Whispering Co. Il ne entry is required, select "No Entry for the account titles and enter for the amounts Credit account tits are automatically indented when the amounts entered. Do not indent manually. Record journal entries in...
Help Cantrell Company is required by law to collect and remit sales taxes to the state....
Help Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $6,000 of cash sales that are subject to an 10% sales tax, what is the journal entry to record the cash sales? Save & Exit Multiple Choice Debit Cash $6,000 credit Sales $5,400, credit Sales Taxes Payable $600 Debit Cash $5,000, credit Sales $6,000, and record the taxes when paid. Debit Cash $6,600.credit Sales $6.000.credit Sales Taxes Payable $600. * $5,000:...
Capitol Chimney Co. had sales on account of $30,500 which were subject to state sales tax...
Capitol Chimney Co. had sales on account of $30,500 which were subject to state sales tax of 8 %. The entry to record the sales would be to: A. debit Accounts Receivable, $30,500; debit Sales tax payable, $2,440; credit Sales revenue, $32,940 O B. debit Accounts Receivable, $32,940; credit Sales revenue, $30,500; credit Sales tax payable, $2,440 O C. debit Accounts Receivable, $32,940; credit Sale revenue, $32,940 D. debit Accounts Receivable, $30,500; credit Sales revenue, $30,500. OOOO
See all photos + Add to The cashier for Bell Buoy rang up sales totaling $5,106, but had $5,125 to deposit, which journal entry would be recorded Multiple Choice O A debit to Sales for $5,125, a debit to Cash Overage for $19, and a credit to Cash for $5,106. O O A debit to Cash for $5,106, a debit to Cash Shortage for $19, and a credit to Sales Revenue for $5,125. O A debit to Cash for $5,106,...
Northwest Electric had cash sales for the month totaling $90,000. Northwest offers a 6-month warranty on its services. If Northwest estimates warranty claims will equal 4% of sales, what is the journal entry to record the estimated warranty expense for the month? O A Debit Warranty expense, $3,600; credit Sales revenue. $3,600 OB. Debit Estimated warranty payable, $3,600; credit Warranty expense, $3,600 OC. Debit Warranty expense, $3,600; credit Estimated warranty payable, $3,600 OD. Debit Warranty expense, $3,600; credit Cash, $3,600
Pronghorn Co. uses the net method to account for cash discounts. On June 1,2020,it made sales of $54,300 with terms 3/15, n/45.On June 12, 2020, Pronghorn received full payment for the June 1 sale Prepare the required journal entries for Pronghorn Co. (f no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit account oitles are automatically indented when the amount is entered. Do not indent manually Record journal entries in the...
Chap 99 . willed to come. With A company has advance subscription sales totaling $45,000 for the upcoming year when four party you company malls the first quarterly Journal to customers, should recordi Multiple Choice Debit Cash $11,250, credit Sales $11,250. Debit Prepaid Subscriptions $33,750; credit Uneamed Revenue $33,750. Debit Prepaid Subscriptions $11,250, credit Sales $11,250. Debit Unearned Revenue $11,250, credit Sales $11.250. Debit Unearned Revenue $45,000; credit Cash $45,000
Headland Co. uses the net method to account for cash discounts. On June 1, 2020, it made sales of $65,000 with terms 4/15, n/45. On June 12, 2020, Headland received full payment for the June 1 sale. Prepare the required journal entries for Headland Co. (if no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal...
Coronado Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $63,000 with terms 2/15, n/45. On June 12, 2020, Coronado received full payment for the June 1 sale. Prepare the required journal entries for Coronado Co. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record...
Larkspur Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $64,000 with terms 2/15, n/45. On June 12, 2020, Larkspur received full payment for the June 1 sale. Prepare the required journal entries for Larkspur Co. (If no entry is required, select "No Entry"for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal...
Whispering Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $57,000 with terms 2/15, 1/45. On June 12, 2020, Whispering received full payment for the June 1 Prepare the required journal entries for Whispering Co. Il ne entry is required, select "No Entry for the account titles and enter for the amounts Credit account tits are automatically indented when the amounts entered. Do not indent manually. Record journal entries in...
Help Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $6,000 of cash sales that are subject to an 10% sales tax, what is the journal entry to record the cash sales? Save & Exit Multiple Choice Debit Cash $6,000 credit Sales $5,400, credit Sales Taxes Payable $600 Debit Cash $5,000, credit Sales $6,000, and record the taxes when paid. Debit Cash $6,600.credit Sales $6.000.credit Sales Taxes Payable $600. * $5,000:...
Capitol Chimney Co. had sales on account of $30,500 which were subject to state sales tax of 8 %. The entry to record the sales would be to: A. debit Accounts Receivable, $30,500; debit Sales tax payable, $2,440; credit Sales revenue, $32,940 O B. debit Accounts Receivable, $32,940; credit Sales revenue, $30,500; credit Sales tax payable, $2,440 O C. debit Accounts Receivable, $32,940; credit Sale revenue, $32,940 D. debit Accounts Receivable, $30,500; credit Sales revenue, $30,500. OOOO
Most questions answered within 3 hours.
-
A 110 kg horizontal beam is supported at each end. A 340 kg
piano rests at...
asked 16 seconds ago -
Python 3.0 Please
Write a function that takes, as arguments, a binary string, a
list of...
asked 1 minute ago -
Case 5: World Food Programme: A Quarter a Day Keeps the
Hunger Away
Case Summary: Established...
asked 6 minutes ago -
What do the suction port connection adapter and gasket do in 2
Cylinder refrigerant gas piston...
asked 6 minutes ago -
Computer Programming II CS141(Java)
Mention the appropriate relationship between following
classes:
HOD–StaffMember
Car–Ferrari
Student-Address
BankAccount–FixedAccount
House-Building...
asked 2 hours ago -
Assume one of your finals has 50 questions on it, and
lucky for you, it's all...
asked 4 hours ago -
Rice Products in Bangladesh
Business behavior is derived in large part from the basic cultural
environment...
asked 5 hours ago -
The following base sequence is found for a mRNA fragment from
wild-type E. coli: 5'- UAUCAGUAGAUAAUGUAACC-3'...
asked 5 hours ago -
For this exercise, round all regression parameters to three
decimal places.
One of the two tables...
asked 6 hours ago -
What is the 5% level of significance for mean = 3.60, standard
deviation = 0.94, and...
asked 6 hours ago -
Prior to beginning work on this discussion, please read the
article by Hayley Peterson, 15 Companies...
asked 6 hours ago -
Which pair of aqueous solutions, when mixed, will form a
precipitate?
A) NaNO3 and AgC2H3O2
B)...
asked 7 hours ago