The following transactions occurred during June: June 1 Purchased two new maintenance carts on account at $750 each. Payment is due in 30 days June 8 Accepted $500 of advance payments from customers for services to be provided next month June 15 Received the utility bill for $300. Payment is due in 30 days June 20 Billed customers $1,500 services provided. Payment is due in 30 days. June 30 Received $500 from customers who were billed earlier Refer to Hesson Properties. What journal entry is required to record the collections on account from customers?a. Accounts Payable 500 Cash 500 b. Cash 500 Accounts Receivable 500 c. Service Revenue 500 Cash 500 d. Accounts Receivable 500 Service Revenue 500

Answers

Answer 1

Answer:

b. Cash 500 Accounts Receivable 500

Explanation:

This entry is needed for the settlement of account-based services offered to customers. As a result, we credit Accounts Receivable by $500 for payments obtained from customers that were already billed for those services.

So, Journal entry will be as follows,

       Cash A/c Dr.                                       500

To,  Accounts Receivable A/c                          500

Hence, option b is the correct answer.


Related Questions

which of these generally represents the last channel member in a distribution channel ?
a.the producer
b.the wholesaler
c.the consumer
d.the retailer

Answers

it’s c; the consumer

The consumer is generally representing the last channel member in a distribution channel. This option C is correct.

What is the  distribution channel?

A distribution channel is defined as a route that a product or service might take to reach the market. With the help of the distribution channel, the corporation sells directly to the consumer, typically via their website or retail shop.

Wholesalers, retailers, distributors, and the Internet are examples of distribution channels. The manufacturer sells directly to the customer through a direct distribution channel.

Multiple intermediaries are involved in indirect routes before the product reaches the customer. One of the most popular and efficient distribution methods is the store. Department stores, Supermarkets, specialized stores, and big-box retailers are examples of retailers.

Therefore, option C is correct, that In general, the consumer represents the final channel member in a distribution channel.

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What are some interview tips?

Answers

Answer:

give em a stong hand shake :)

Explanation:

Although the use of DDT was banned in the United States in 1972, a test of the body tissue of an average United States resident today would most likely reveal the presence of DDT because DDT is the breakdown product of some newer pesticides on the market DDT is the breakdown product of some newer pesticides on the market A DDT is water soluble DDT is water soluble B other countries that export produce to the United States still use DDT other countries that export produce to the United States still use DDT C many farmers in the United States are still using DDT illegally many farmers in the United States are still using DDT illegally D DDT is naturally produced by many plants

Answers

Answer:

DDT is the breakdown product of some newer pesticides on the market

Explanation:

.

Although the use of DDT was banned in the United States in 1972, a test of the body tissue of an average United States resident today would most likely reveal the presence of DDT because  DDT is the breakdown product of some newer pesticides on the market. Other countries that export produce to the United States still use DDT.

What is DDT?

DDT, or dichlorodiphenyltrichloroethane, is a colorless, tasteless, and practically odorless crystalline chemical compound that is an organochloride. Developed as an insecticide, it became notorious for its environmental effects. Othmar Zeidler, an Austrian scientist, created DDT for the first time in 1874.

DDT (dichlorodiphenyltrichloroethane) is an agricultural insecticide. DDT was prohibited in the United States in 1972. DDT is still used in some areas outside the United States to control mosquitos that cause malaria.

Therefore, option B is correct.

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Identify which of these habits could result in credit issues.
A. paying for large purchases in cash
B. loaning money to a creditworthy person
C. spending money within a personal budget
D. charging money on multiple credit cards and not making payments

Answers

The answer is D because If you don't pay your credit card bill you will receive increased interest rates and incur damages to your credit score.

The amount of surface area on an uncored block that has holes extending through it is equal to less than ________.

Answers

The answer is (Less that 10%).

Market control Multiple Choice does not assume that the interests of the organization and individuals naturally diverge. is based on the idea that employees may share the values, expectations, and goals of the organization and act in accordance with them. includes such items as budgets, statistical reports, and performance appraisals. uses prices, competition, and exchange relationships to regulate activities. is the use of rules, standards, regulations, hierarchy and legitimate authority to guide performance.

Answers

Answer: uses prices, competition, and exchange relationships to regulate activities.

Explanation:

Market control involves using pricing mechanisms and exchange relations for the regulation of organizational activities. In market control, competition, prices, and exchange relationships are used to regulate the activities.

The option about the assumption that the interests of the organization and individuals naturally diverge is the clan control.

elobrate on the tertiary sector​

Answers

Answer:

Explanation:

The tertiary sector covers a wide range of activities from commerce to administration, transport, financial and real estate activities, business and personal services, education, health and social work. It is made of: the non-market sector (public administration, education, human health, social work activities).

Answer:

Tertiary Sector is a sector which does not include agriculture and industries in it, however, it includes banking, communication, power, education, health etc.

Explanation:

Tertiary activity consists of all service occupations. Transport, communication, trade, health, education and administration are important examples of tertiary activities. These tertiary activities help in the development of the primary and secondary sectors.

Sarah transferred $450.00 from her savings account to her checking account. She'll use the check register to record her transaction. What will be her new balance? An account statement has a balance of 250 dollars and 5 cents.

Answers

Answer:

700.05

Explanation:

Right answer on edge, you're welcome :))

Her account will now have a balance of $700.05.

What is financial transaction?

An agreement or communication between a buyer and a seller to trade products, services, or assets in exchange for money is a financial transaction. Any transaction involves a shift in the financial situation of two or more entities, whether they be people or businesses. Every financial transaction involves at least one financial asset, most frequently money or another pricey thing like gold or silver.

Financial transactions come in a wide variety of forms. The most frequent kind, purchases, take place when a consumer is sold a thing, service, or other commodity in exchange for money. The majority of purchases are made with cash, which can be physical money, debit cards, or checks. The second primary method of payment is credit, which allows for instant access to money in exchange for future payback.

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My next photo How's it​

Answers

Answer:

beautiful shot

Explanation:

can u mark me as brainliest plsss

In your own words, explain why we pay taxes.

Answers

Answer: To help support public schools and the economy.

Explanation:

Under what temperature will the volume of the gas at 0°C double itself if
the pressure is kept constant?​

Answers

Let the volume of the gas at 0°C = Vml.

20kg of beans at #150/kg are mixed with 15kg of beans at #180/kg , if the mixture is sold at #200/kg , calculate the percentage profit and correct to 3s f​

Answers

Answer: 18.6%

Explanation:

Cost of 20 kg of beans at #150 per kg is:

= 20 * 150

= #3,000

Cost of 15 kg of beans at #180 per kg is:

= 15 * 180

= #2,700

Total cost is:

= 3,000 + 2,700

= #5,700

Mixing both beans results in a weight of:

= 20 + 15

= 35 kg

This 35kg is sold at #200 per kg so the revenue is:

= 35 * 200

= #7,000

Percentage profit is:

= (Revenue - Cost) / Revenue * 100%

= (7,000 - 5,700) / 7,000 * 100%

= 18.6%

he quantity of U.S. bonds foreigners want to buy is taken into account a. in the U.S. supply of loanable funds and the supply of dollars in the market for foreign-currency exchange. b. in the U.S. supply of loanable funds and the demand for dollars in the market for foreign-currency exchange. c. in the U.S. demand for loanable funds and the supply of dollars in the market for foreign-currency exchange. d. in the U.S. demand for loanable funds and the demand for dollars in the market for foreign-currency exchange.

Answers

Answer: c. in the U.S. demand for loanable funds and the supply of dollars in the market for foreign-currency exchange.

Explanation:

Bonds are a type of loanable funds which are issued to gain access to cash for certain activities. Both countries and companies do this. When the U.S. government issues bonds, they do so taking into account the amount of funds they would need to fund what it is they want to funds.

They also do so taking into account, the amount of dollars needed by in the foreign-currency exchange market so that they can pump enough dollars into the world economy.

Maxie's Game World sold games to a customer on credit for $2,600, terms 1/10, n/30 and the cost of the games was $1,700. When recording the collection from the customer made withi n the discount period, in its cash receipts jounal, Maxie's would enter: A) S2,574 in the Cash Dr. column, $26 in the Sales Discount Dr. column and $2,600 in the Accounts Receivable Cr.column. B) $2,600 in the Cash Dr. column. $2,600 in the Sales Cr. column, and $1,700 in the Cost of Goods Sold Dr/Inventory Cr.column. C) $2,600 in the Cash Dr. column and $2,600 in the Accounts Receivable Cr.column. D) $2,600 in the Accounts Receivable Dr/Sales Cr. column and $2,600 in the Cash Cr. column E) $2,574 in the Cash Dr. column and $2,574 in the Accounts Receivable Cr.column.

Answers

Answer:

A) S2,574 in the Cash Dr. column, $26 in the Sales Discount Dr. column and $2,600 in the Accounts Receivable Cr.column.

Explanation:

In the case when we have to record the collection from the customer within the discount period so the following journal entry should be made

Cash  Dr $2,574

Sales discount Dr $26 (1% of $2,600)

        To Account receivable $2,600

(Being collection is recorded)

Here the cash and sales discount is debited as it increased the assets and it reduced the sales on the other hand the account receivable is credited as it decreased the assets

Describe where you are in life right now. What makes you most excited about where you are now? What questions do you have, and what are you worried about????

Answers

You say: “I'm excited to see there's a lot of opportunity to use advanced computer skills in this position. Being able to build my skills and continue to develop in a growing company is important to me, and there seems to be long-term opportunities here.”

Answer:

I'm in my lowest point tbh my family is stressed, mom and dad don't care about me, can't help me with school, and we are pretty much broke

I am exited about having a bf this year

When am I going to find peace in my life and when will my parents care about me again?

I am worried I will have to live on my own soon and I'm not ready yet ;(

Explanation:

this is gonna be weird but thank you for asking this question

I feel a bit better already :)

why do you think business organization need to hire people? write at least three sentence in your answer sheet.pls​

Answers

Answer:

So why does a company hire a person?

Explanation:

It isn’t to have more people around. The goal of any company isn’t to rack up its number of employees. In fact, the goal of most companies is generally the exact opposite to that, to have the fewest employees possible it needs to be successful.

Less and less do companies hire because they need a very specific task done. In the days of old, companies would hire someone to do the same task over and over again, like hammering the same nail to connect the same two parts all day long. Most of those jobs now are automated, as employers have found cheaper and often more productive alternatives to humans for that work.

No, to understand why employers hire, instead of just using a piece of software or a robot, one first has to understand the unique value proposition a human has. What is it? Well, really it has everything to do with our brain, and our unique ability to conjure up creative solutions to complex problems.

An employer hires a person because their unique value proposition, i.e. generally their ability to think, fixes a business problem they face and there are no other cheaper or more effective alternatives.

For example, a company hires a marketer because they face a business problem: a lack of customers. The marketer’s job is to increase the amount of customers anyway they can, whether it be through email marketing, social media, publicity stunts, etc. The marketer’s job is to constantly solve a problem – in this case getting more customers – that cannot be solved by a machine.

Because most of the jobs that require minimal thought have become or soon will become automated, the jobs that are left require someone who is creative, can learn quickly and is always willing to adapt to new problems thrown their way. So the question therein lies for the employer: how do you figure out who those people are?

The answer is not to look at a pile of resumes and select the two or three best to bring in for an interview. The answer is to screen all candidates through an interview, perhaps best done using a program like VoiceGlance, and ask them challenging questions that reveal those candidates’ line-of-thinking. With that information, companies can discover the employees they really want – the problem solvers – who will lead them to success.

The reason why I think business organization needs to hire people is:

To help in the production process

According to the given question, we are asked to show the reason why I think business organization need to hire people and how it affects business.

As a result of this, we can see that a business organization has to hire people so that they can help with the production process which is important as they would be in charge of the branding, packaging, marketing and other aspects of business.

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provide some of your thoughts on what “dress for success” means to you, and give some examples

i’ll give brainliest to best answer pls help!

Answers

I believe it means dress appropriately. Wear a suit or a dress and looks successful. Dress as the person you want to be.

Suppose a consumer is trying to decide how much to spend on transportation and how much to spend on all other ​(non-transportation ​) consumption. The economic model of consumer behavior predicts that the consumer will A. consume an infinite amount of transportation and ​non-transportation consumption. B. consume as much transportation as she can afford without any ​non-transportation consumption. C. consume any combination of transportation and ​non-transportation consumption from among the combinations of transportation and ​non-transportation items she can afford. D. consume as much transportation and as much ​non-transportation consumption as she wants. E. choose the combination of transportation and ​non-transportation consumption that makes her as well off as possible from among the combinations of transportation and ​non-transportation items she can afford.

Answers

Answer:

E. choose the combination of transportation and ​non-transportation consumption that makes her as well off as possible from among the combinations of transportation and ​non-transportation items she can afford.

Explanation:

Economics is a study that focuses on how a consumer can best use scarce resources to satisfy their needs.

The individual will need to make an optimal combination of various activities to maximise satisfaction.

In this case a consumer is trying to decide how much to spend on transportation and how much to spend on all other ​(non-transportation) consumption.

He will have to prioritise the levels of transport and non-transport expenses that will make him well off.

For example if transportation is a priority, 80% of available funds can be spent on this, while the remaining 20% can be spent on non-transport activities.

Type the correct answer in the box. Spell all words correctly.

Which cost is dependent on production volume?

_____ cost is dependent on production volume.

Answers

Answer:

Variable costs

Explanation:

Variable costs are dependent on production output. The variable cost of production is a constant amount per unit produced. As the volume of production and output increases, variable costs will also increase.

Answer:

Variable cost

Explanation:

Hannah Ortega is considering expanding her business. She plans to hire a salesperson to cover trade shows. Because of compensation, travel expenses, and booth rental, fixed costs for a trade show are expected to be $15,990. The booth will be open 39 hours during the trade show. Ms. Ortega also plans to add a new product line, ProOffice, which will cost $184 per package. She will continue to sell the existing product, EZRecords, which costs $105 per package. Ms. Garcia believes that the salesperson will spend approximately 29 hours selling EZRecords and 10 hours marketing ProOffice. Required Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 76 units of EZRecords and 53 units of ProOffice. Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 200 units of EZRecords and 99 units of ProOffice.

Answers

Answer and Explanation:

The computation of the estimated total cost & the cost per unit is given below:

For 76 units & 52 units

For EZRecords

Total cost = Fixed cost + variable cost

where

Fixed cost = $15,990 × 29 hours ÷ 39 hours

= $11,890

And, the variable cost is

= 76 units × $105

= $7,980

So, the total cost is

= $11,890 + $7,980

= $19,870

And, the cost per unit is

= $19,870 ÷ 76 units

= $261.45

For Pro office

Total cost = Fixed cost + variable cost

where

Fixed cost = $15,990 × 10 hours ÷ 39 hours

= $4,100

And, the variable cost is

= 53 units × $184

= $9,752

So, the total cost is

= $4,100 + $9,752

= $13,852

And, the cost per unit is

= $13,850 ÷ 53 units

= $261.35

For 200 units & 99 units

For EZRecords

Total cost = Fixed cost + variable cost

where

Fixed cost = $15,990 × 29 hours ÷ 39 hours

= $11,890

And, the variable cost is

= 200 units × $105

= $21,000

So, the total cost is

= $11,890 + $21,000

= $31,890

And, the cost per unit is

= $31,890 ÷ 200 units

= $159.45

For Pro office

Total cost = Fixed cost + variable cost

where

Fixed cost = $15,990 × 10 hours ÷ 39 hours

= $4,100

And, the variable cost is

= 99 units × $184

= $18,216

So, the total cost is

= $4,100 + $18,216

= $22,316

And, the cost per unit is

= $22,316 ÷ 99 units

= $225.41

What is the amount of physical goods and services that can be bought with a given amount of money?

Answers

Answer:

please Elaborate like how much money do you have or something

An insurance that you pay if your down payment is less than 20 percent of the total cost of the house _____.

a. an ARM
b. an escrow account
c. PMI
d. a balloon loan

Answers

Answer:

Hello There!!

Explanation:

I think the answer is c.PMI because that is the only option which best fits into the sentence.

hope this helps,have a great day!!

~Pinky~

[tex]\huge{\textbf{\textsf{{\color{navy}{An}}{\purple{sw}}{\pink{er}} {\color{pink}{:}}}}}[/tex]

C. PMI

ThanksHope it helps

One of the goals of Reaganomics was to encourage private investment through tax cuts for businesses and the wealthy encourage private investment through tax cuts for businesses and the wealthy A redistribute income to the bottom fifth of wage earners redistribute income to the bottom fifth of wage earners B reduce the United States nuclear arsenal reduce the United States nuclear arsenal C restrict immigration from Mexico restrict immigration from Mexico D outsource United States manufacturing to Asian countries

Answers

Answer:

A redistribute income to the bottom fifth of wage earners redistribute income to the bottom fifth of wage earners

Explanation:

Reaganomics is a policy ascribed to President Ronald Reagan who took up the presidency when the economy of United States was very bad and low. He initiated series of policies with the aim of stimulating the economy and creating more jobs.

One of the important policy was on the issue of tax cuts for businesses and wealthy individuals with the aim of encouraging them to invest in United States. He knows that, with the creation of more businesses by wealthy individuals, the income would be redistributed to the wage earners especially those at the bottom earners.

Answer:

A. redistribute income to the bottom fifth of wage earners redistribute income to the bottom fifth of wage earners

Explanation:

Hope this helps

Please Help me for real not joking.
It 100% my grade

Answers

Answer:

ur jokin

Explanation:

ddoc is what ut sounds like when i pronounce it

PLEASE HELP!!! WILL GIVE BRAINLIEST
Celena is interested in working in the biotechnology field one day and wants to start exploring and learning more about the field in general right now. What career cluster should Celena begin investigating in order to learn more about working in biotechnology?

A.
finance

B.
agriculture, food, and natural resources

C.
architecture and construction

D.
education and training

Answers

Answer:

The answer is B

Explanation:

Please give me Brainliest. Thank you!

Answer:

B

Explanation:

If a company would need to increase net working capital to start a potential new project how should it be treated in the project's cash flow analysis? a. The increase in net working capital should be an inflow as part of the project's initial cash flow. b. The increase in net working capital should be an outflow as part of the project's initial cash flow c. The increase in net working capital times (one minus the company's tax rate) should be an outflow as part of the project's initial cash flow. d. The increase in net working capital times (one minus the company's tax rate) should be an inflow as part of the project's initial cash flow.

Answers

Answer:

C

Explanation:

Working capital is the capital used in the daily running of a business.

Working capital = current assets - current liabilities

Working capital is a form of expenditure for the firm.

Thus it is an outflow.

Working capital should be recorded after tax. tax should be subtracted from working capital to determine the eventual outflow

An increase in working capital means more cash is being used in the business. this cash cannot be used elsewhere. this reduces the amount of cash the business can use for other activities. this is why it is an outflow

There are many different ways interviews can be conducted, including face-to-face, distance, group, and performance . Which style would you prefer the most? Why? Which style would you prefer the least? Why? << Read Less

Answers

Personally I would want a face-to-face interview. This is because of many factors. When you are in person you tend to absorb more information about the person. Scientifically speaking, you smell, see, and hear the person you are interviewing or being interviewed by, which proves that you know more about them. You also can interact better because of no physical distance, glitching, and or interruption. The style l least prefer is group interviews. This is because of how many people consist of the group. It could be from 2-1,000,000 and it still would make things harder. Individual interviewing let’s you learn more about the person in particular rather than juggling a entire group of mixed personalities. Add more and maybe put more detail and you have a outstanding essay. Or opinion. Depends on what you wanted. Have a great day!

Bateman Enterprises invested in the bonds of Greater Gloucester on January​ 1, 2018. These 10minus​year, $ 400 comma 000 bonds pay interest of 3​% with semiannual payments every June 30 and December 31. The effective rate of interest for similar bonds on January 1 was​ 4%. What is the semiminusannual interest payment received by Bateman for these​ bonds?

Answers

Explanation:

[tex] \frac{400 \times 10 \times 4}{100} \\ \frac{16000}{100} \\ 160 \\ \frac{1}{25} \times 160 \\ 6.4 \: intrest[/tex]

A recent high school graduate is researching ways she can pay for her college education. She has received three small scholarships, but still needs to pay for
most of the tuition herself. Which of these options may be available to help her pay for her education? Select all that apply.
A. mortgage loan
B. Perkins loan
C. private loan
D. Stafford loan
E. payday loan
E business loan

Answers

Answer:

C and D

Explanation:

My expertise is sucking d1ck #Po4n⭐4life

Donald Trump wanted to pull us out of the WTO because he thought China was cheating. Would you stay in or leave?

Answers

Answer: I hate Trump and would make him eat tortilla chip vertically :/

Explanation:

Other Questions
Which of the following is an accurate statement about the information shown in the chart? helpppppppppppppppppp By regulating the cell cycle, multicellular organisms gain which of these benefits? Select all of the correct answers. Before Courtney Thompson became injured, she practiced four and a half hours a day, six days a week, often repeating the same gymnastic move 100 times. What does this say about Courtney as a person? PLEASE HELP!!! I have no clue how to find the perimeter of MNP find the cost of fencing a rectangular field 250m long and 130m wide at rupees 30 per meter 2/51 7/8how do I divide it Somebody please help QUESTIONEXPLAIN THE ACTIVITIES OF PUBLIC RELATION OFFICE REGARDING1. Patiant What is the flux through the plane taken parnllel to the field? Please help me with this question What is the author's purpose for including the section "Sweets and Snacks" in "UR What U Eat"?O to explain which snacks are healthy and which ones have no vitamin contentO to explain that eating snacks adds too many calories to a diet so they should be eliminatedO to explain that one should limit snacks that are high in fat, calories, and sugarO to explain that snacks are essential for keeping one satisfied between meals what is the value of the expression 5/6 - 2/5(4 - 1/2)? A. -17/30 B. 91/60C. -38/30D. 21/2pls answer quickly im doing a test. In some arts, A/V technology, and communication careers, workers participate in apprenticeships. Why are apprenticeships useful?They allow experienced workers to learn new skills.They allow experienced workers to stay home from work.They allow new workers to get job experience.They allow new workers to have paid benefits. Help me with this please Clampett, Incorporated, converted to an S corporation on January 1, 2020. At that time, Clampett, Incorporated, had cash ($54,000), inventory (FMV $74,000, basis $37,000), accounts receivable (FMV $54,000, basis $54,000), and equipment (FMV $74,000, basis $94,000). In 2021, Clampett, Incorporated, sells its entire inventory for $74,000 (basis $37,000). Assume the corporate tax rate is 21 percent. Clampett, Incorporated's taxable income in 2021 would have been $1,000,000 if it had been a C corporation. How much built-in gains tax does Clampett, Incorporated, pay in 2021 Find the volume.pls help! help me please (WILL GIVE BRAINLIEST) Write a story following the prompt, need quickly. Will give 50 POINTS AND brainliest. How do you think the Mexican Revolution of 1910 affected relations between Texans and Mexicans?