Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 30, 2024

Ali Co. makes a credit card sales of $20,000. The bank charges 2% on credit card sales, the sales account should be credit in the

Ali Co. makes a credit card sales of $20,000. The bank charges 2% on credit card sales, the sales account should be credit in the journal entry by 0 a $19.600 O b. $20,000 C. $20.400 d. $400

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting Change Approaches And Perspectives

Authors: Chandana Alawattage, Danture Wickramasinghe

1st Edition

0415393329, 978-0415393324

More Books

Students also viewed these Accounting questions

Question

★★★★★

Suppose you and two friends are considering forming a corporation to produce and market computer software programs that each partner has written. Explain whether you think you should be concerned...

Answered: 1 week ago

Question

★★★★★

6.15. When a recent GSSasked, "Would you be willing to pay much higher taxes in order to protect the environment?" (variable GRNTAXES), 369 people answered yes and 483 answered no. Software shows the...

Answered: 1 week ago

Question

★★★★★

A random variable X has a mixed distribution whose discrete and continuous parts, f1(x) and f2(x), are given, respectively, by for some suitable constant c. (i) What is the range of values for X?...

Answered: 1 week ago

Question

★★★★★

Case-Based Marketing Selling on Amazon.com A case-based reasoning system is a type of expert system. It attempts to match the facts on hand to a database of prior cases. When a case-based reasoning...

Answered: 1 week ago

Question

★★★★★

Select the correct term for the corresponding definition. Click Save and Submit to save and submit. Cliok Save. All Answers to save all answers

Answered: 1 week ago

Question

★★★★★

1. Workman Company purchases a machine on January 2, 2012 for $800,000. The machine has an estimated useful life of 5 years and a salvage value of $100,000. Depreication was computed by the 150%...

Answered: 1 week ago

Question

★★★★★

Question 20 of 20 The diprotic acid HL has K1=9.8 x 106 and K2 -8.9 x 10-10. At pH = 7.03 O[HL] = [HL] [HL]=[12] O[L2]=[HL] O[HL]> [HL]

Answered: 1 week ago

Question

★★★★★

Suppose Bank A has $40 million in rate-sensitive assets, $70 million in fixed rate assets, $70 million in rate sensitive liabilities, and $40 million in fixed rate liabilities and equity capital. (8...

Answered: 1 week ago

Question

★★★★★

Dinesh runs a factory that produces heavy machinery in Kerala, India. Demand for his machines is Q = 600 - P per year and marginal cost is $100. (All price are in thousands; you can ignore this...

Answered: 1 week ago

Question

★★★★★

Accorsi & Sons specializes in selling and installing upscale home theater systems. On March 1, 2016, Accorsi sold a premium home theater package that includes a projector, set of surround speakers,...

Answered: 1 week ago

Question

★★★★★

Dolson Appliances makes coffee machines for offices and homes. For next year, the production budget is 1 3 7 , 0 0 0 units. Beginning inventories will be 1 6 , 0 0 0 units and the desired ending...

Answered: 1 week ago

Question

★★★★★

Why is it important to ensure that employee appraisals occur when they are scheduled to occur?

Answered: 1 week ago

Question

★★★★★

What is the primary shortcoming of team appraisal? How can this be avoided but still using a team appraisal?

Answered: 1 week ago

Question

★★★★★

Why do experts recommend that three to five point rating scales be used for appraisals?

Answered: 1 week ago

Previous Question Next Question