Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches.
Match each of the following transactions to the journal in which it would be entered.
Clear All
Revenue journal Cash receipts journal Purchases journal Cash payments journal General journal Recognized depreciation on the building Journalized the adjusting entry for supplies used during the period Closed the revenue account at the end of the period Received cash from the bank in exchange for a note payable Withdrew cash for personal use (by owner)

Answers

Answer 1

Answer:

Matching transactions to the journal in which they would be entered:

Transactions                                                           Journal Type

1. Recognized depreciation on the building         General Journal

2. Journalized the adjusting entry for supplies

 used during the period                                       General Journal

3. Closed the revenue account at the end

of the period                                                         General Journal

4. Received cash from the bank in exchange

for a note payable                                                Cash Receipts Journal

5. Withdrew cash for personal use (by owner)   Cash Payments Journal

Explanation:

Revenue journal records revenue transactions.

Cash receipts journal records all cash receipts.

Purchases journal records all purchases on account.

Cash payments journal records all cash payments.

General journal is used for all transactions, especially those that cannot be recorded in any of the other specialized journals.


Related Questions

Identify a company that could benefit from better use of social media.

Answers

Food industry such as (random fast food place) as not only will they be able to have a physical store but they’ll also be able to promote their products online and build an online community

Which of the items listed fit the definition of a market?
eBay a swap meet a shopping mall
a gas station a hair salon

Answers

The listed items that fitted with the definition of a market is shopping mall. It is because in the sopping mall, there are transaction between the buyers and sellers.

In economic and business, A market generally can be defined as a place where buyers and sellers can meet to facilitate the exchange or transaction of goods and services. There are several types of market structure, such as Pure Competition market structure, Monopolistic Competition market structure, Oligopoly market structure, and also Pure Monopoly market structure. Beside that, there are two major types of market, there are Markets for products and services and marketplaces for factors of production.

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Wrote off the following account is uncollectible compound entry Newburgh 7190 Bonneville 5500 code distributors 9400 filter optics 1100?

Answers

The compound journal entry for writing off uncollectible is:

Bad Debt Expense    Dr.  23190

 To Newburgh                                            7190

 To  Bonneville                                          5500

 To code distributors                                9400

  To filter optics                                          1100

A journal entry with more than two accounts is referred to as a compound entry. If there are two or more debits, credits, or both, the entry is considered compound. For the same transaction, you can aggregate the debits and credits into a single entry rather than creating separate journal entries for each.

To write off an account as uncollectible. the journal entry is used is:

DR: Bad Debt Cost (for the uncollectible sum). Accounts Receivable (for the amount that cannot be collected).

Therefore, the uncollectible compound entry is passed for the given transaction.

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Assuming that a corporation has good values, which of the following statements about the alignment of personal values and corporate values are true? (All that apply)A. Matching personal values with corporation values is a key element of character.
B. Having misaligned personal and corporate values is unethical and is grounds for immediate dismissal.
C. Having personal values in conflict with corporate values helps develop credibility in the workplace.
D. If personal values are not in alignment with corporate values, a lack of integrity is possible.

Answers

A. Matching personal values with corporation values is a key element of character. D. If personal values are not in alignment with corporate values, a lack of integrity is possible.

What are corporate values?

Company values, also known as corporate values or core values, are a set of guiding principles and essential ideas that help a group of individuals work together to achieve a common business goal. These principles are frequently associated with customer interactions, business partnerships, and business growth. We respect everyone and conduct ourselves professionally. Integrity: Trust is built through moral behavior and genuine connections. Teamwork: When we work together as a group, we achieve more. Clear company values make it easier to ensure that all employees are working toward the same goals. Your company's culture is shaped and supported by your fundamental principles. As a result, these values should guide every business decision.

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A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond

Answers

A promissory note can best be described as: a. an interest-bearing IOU.

What is promissory note?

Promissory note can be defined as a written note that help to shows that a person who lend a money from another person  promise to payback. The note contains  a promise by the borrower to pay back the lender within a stipulated period of time.

A promissory note can tend to be described as IOU which full meaning is I OWE YOU which implies that a borrower is telling the lender that he/she owe the lender some certain amount of money which  the borrower will have to payback.

A promissory note also contains the terms and conditions of the agreement  and this terms and agreement includes the following :

The principal amountThe loan maturity dateThe interest  etc

Therefore we can conclude that the correct option is A.

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An employer's defense to an employment discrimination claim might include a simple demonstration that the employee's evidence is not true. This defense might include all of the following except

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An employer's defense to an employment discrimination claim might include a simple demonstration that the employee's evidence is not true. This defense might include all of the following except "the employee is a known liar".

What is a defense in law?

A defendant may establish a defense in a civil case or criminal prosecution under common law or legislation in order to avoid civil responsibility or criminal guilt.

What is Evidence?

The evidence for a proposition is what backs up that assertion. It is commonly seen as proof that the supported statement is correct. The function of evidence and how it is conceived differs by discipline.

How can a lie be detected during a legal proceeding?

The polygraph is the most well-known tool for detecting deceit through psychophysiological means.

All of these strategies are designed to identify deceit by evaluating indications of changes in the body that are ordinarily undetectable by human inspection.

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If a recent ad deterred you from buying the product, describe why. How would you change it? Share a link if you can (please be sure it's appropriate).

Answers

Some reasons why an ad deterred a consumer from buying a product could be lack of information or jarring communication.

How to build an effective ad?

It is essential that the marketing team develop a strategy to engage your potential consumer. For this, it is necessary to align the language and ideas contained in the ad to have the expected effect on the consumer, in addition to identifying the ideal channel for placement.

Therefore, publicity and advertising are essential to generate value for a brand and reach the consumer.

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All of the following developments would be considered material nonpublic information EXCEPT:

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Information about a firm that has not been made public but that may have an impact on the share price is referred to as material nonpublic information.

The required details for material nonpublic information in given paragraph

Holders of material information that is not generally known are not permitted to use the knowledge for stock trading purposes. Sharing this information with anyone who utilize it to gain an advantage in the marketplace is likewise prohibited. It doesn't matter how or by whom the crucial private information was obtained, or even if the source was a worker for the firm. Assume, for instance, that someone tells a buddy about nonpublic material information that they learned from a family member.

All three parties involved may face charges if the buddy takes advantage of this insider knowledge to make money on the stock market.

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Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $19.00 per direct labor-hour and $15.00 per direct labor-hour, respectively. The company’s direct labor wage rate is $21.00 per hour. The following information pertains to Job N-60: Assembly Testing & Packaging Direct materials $ 375 $ 39 Direct labor $ 168 $ 84 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job?

Answers

The total manufacturing cost assigned to Job N-60 is $ 696. If Job N-60 consists of 10 units, the unit product cost for this job is $111.00.

How to find the manufacturing costs ?

Direct materials (Assembly + Testing & Packaging) = $375 + $39

= $414

Direct labor (Assembly + Testing & Packaging) = $168 + $84

= $252

Overhead applied (Assembly + Testing & Packaging) = $19 * 168 + $15 * 84 = $316 + $126

= $442

Total manufacturing cost = $414 + $252 + $442

= $1110

Unit product cost = Total manufacturing cost / Number of units

= $1110 / 10

= $111.00

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Which of the following is not one of the consequences a hotel can face for not enforcing rate parity?


legal action

financial penalty

reduction of search ranking

removal from the website

Answers

Answer:

I think it would be removal from the website

Explanation:

^^^

The eight types of waste include all of the following except:

Answers

The eight types of waste in lean manufacturing include all of the following except verifying and checking.

How to illustrate the information?

Lean manufacturing is a production method that is aimed at reducing response times within the production system from the suppliers and to customers.

It should be noted that the types of waste include :

Transport.Inventory.Motion.Waiting.Overproduction.Overprocessing.Defects.Unutilized talent.

Therefore, verifying and checking isn't an option.

Complete question:

The eight types of waste in lean manufacturing include all of the following except:

Transport and Inventory.

Motion and Waiting.

Overproduction and Overprocessing.

Defects and Unutilized talent.

Verifying and Checking.

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Select all te correct answers
What are the advantages a market economy offers producers?
minimal government intervention
property rights
monopoly of bigger companies
free advertising for small businesses
free labor

Answers

Answer: Minimal government intervention AND Property rights

Explanation:

Bài 1. Lập luận sau đúng hay sai giải thích: I. Nếu tốc độ tăng trưởng GDP bằng với tốc độ tăng của mức giá chung(%P) thì nền kinh tế tối ưu.
2. Một nền kinh tế đạt được trạng thái toán dụng lao động nghĩa là tỷ lệ Thất nghiệpgiảm xuống bằng không.
3. Chỉ số khử lạm phát (GDP deflator) là chỉ số được tính dựa vào giỏ hàng năm gốc,còn CPI là chỉ số dựa vào giỏ hàng năm hiện hành.
4. Trong ngắn hạn, Đường cong Phillips mô tả rằng Lạm phát và Thất nghiệp luôn có
sự đánh đổi trong ngắn hạn.

Answers

Answer:

......................

GL0302 (Algo) - Based on Problem 3-3A LO P1, P2, P3, P4, P5 King Technical Institute (KTI), a school owned by Robert King, provides training to individuals who pay tuition directly to the school. KTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2022, is found on the trial balance tab. KTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31 follow. An analysis of KTI’s insurance policies shows that $2,800 of coverage has expired. An inventory count shows that teaching supplies costing $3,840 are available at year-end. Annual depreciation on the equipment is $3,600. Annual depreciation on the professional library is $6,600. On November 1, KTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,600, and the client paid the first five months’ fees in advance. When the cash was received, the Unearned Training Fees account was credited. On October 15, KTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $4,000 of the tuition has been earned by KTI. KTI’s two employees are paid weekly. As of the end of the year, two days’ salaries have accrued at the rate of $220 per day for each employee. The balance in the Prepaid Rent account represents rent for December.

Answers

A balance sheet lists the assets, liabilities, and shareholders' equity of a corporation at a particular period. One of the key records that go into a company's financial statements is this one.

What is equity?

Equity is the sum of money invested in or owned by a company's owner. The difference between a firm's obligations and assets on its balance sheet indicates how much equity the company has.

The equity value is calculated using the share price or a value established by valuation specialists or investors. Owners' equity, stockholders' equity, and shareholders' equity are further names for this account.

The amount of money delivered to a company's shareholders if all of its assets were sold and all of its debts were settled is known as equity, sometimes known as shareholders' equity or owners' equity for privately held firms.

The worth of the company's income less any debts not included in the agreement in the case of an acquisition.

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Problems and Applications For each of the following characteristics, indicate whether it describes a perfectly competitive firm, a monopolistically competitive firm, both, or neither. (Note: If the characteristic describes neither, leave the entire row unchecked.)Characteristic Perfectly CompetitiveMonopolistically CompetitiveSells a product identical to that of its competitors Can earn economic profit in the short run Produces above the minimum of average total cost in the long run Charges a price that is the same as marginal cost Produces welfare-maximizing level of output Has marginal revenue less than price

Answers

Answer: The answers are provided below

Explanation:

1. Sells a product identical to that of its competitors:

This is a characteristic of perfectly competitive market. In a perfectly competitive market, identical products are sold while a monopostically competitive market sells differentiated products.

2. Can earn economic profit in the short run.

Both the perfectly competitive market and the monopostically competitive market will earn economic profit in the short run. This will attract new firms in the perfectly competitive market.

3. Produces above the minimum of average total cost in the long run

A perfectly competitive market does not produce above the minimum of average total cost in the long run. This is only possible in the monopostically competitive market.

4. Charges a price that is the same as marginal cost

This is true for the perfectly competitive market but a monopostically competitive market charges price above the marginal cost.

5. Produces welfare-maximizing level of output

This is true for the perfectly competitive market as it produces welfare-maximizing level of output but a monopostically competitive market does not produces welfare-maximizing level of output as it has excess capacity.

6. Has marginal revenue less than price

This is not true for the perfectly competitive market as its price equals the marginal cost i.e P = MC but the characteristics is true for a monopostically competitive market.

Problems and Applications For each of the following characteristics, indicate whether it describes a

List the three types of résumé formats.

Answers

Answer:

Chronological: Classic format that lists your work experience in order, starting with the most recent.

Functional: Emphasizes qualifications and accomplishments instead of specific jobs, but isn’t recommended.

Hybrid: Modern format where skills and highlights go at the top before a detailed work history.

Explanation: brainliest pls

A single-page summary of relevant background and work experience with all credentials and publications pertinent to the job a candidate is applying for is called a resume.

The common resume formats are:

Functional

Chronological

Combination

Functional: It emphasizes professional skills rather than the job duration and period in which a person was engaged.

It focuses on skillfulness and proficiency over your work account and is commonly a skill-based format.

Chronological: In this type of format your work experience and educational information are listed in the reverse order that is from the most to least recent.

Combination: It is a combination of both functional and chronological resumes and summarizes the professional as well as the skills. The resume consists of skills mentioned before the work experience.

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The political candidates keep talking to the citizens about the possibility of a recession what would most likely happen if a country experience a recession

Answers

The thing that would MOST likely happen in this case if a country experiences a recession is D.Businesses will suffer from decreased sales and profits, eventually leading to closure

What is recession ?

Recession, in economics,  can be described as the downward trend in the business cycle.

Itshouldbe nopted that this can be seen as the decline in production and employment,  whereby the incomes and spending of households to decline and as a result of thisthere would be hunger sa well as hardship in the country for this cause.

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missig part

What would MOST likely happen if a country experiences a recession?

A.

Feeling confident in the economy, people will begin to spend money more freely.

B.

Jobs will be more plentiful, and companies will be doing a lot of hiring.

C.

Families will start to purchase larger and more expensive homes.

D.

Businesses will suffer from decreased sales and profits, eventually leading to

Name and explainations of 2 CSR/CSR initiatives that Woolworths carries out

Answers

Woolworths introduced The Good Business Journey in 2007 as a long-term initiative as part of their corporate social investment (CSI) plan. My Village My School Woolworths' educational program, etc.

What are CSR initiatives ?

Woolworths is also funding a trial program for nutrition and a WASH (water, sanitation, and hygiene) program.

The program trains community members who volunteer to handle food in the safe and hygienic preparation of nutritious lunches for kids.

According to Schreuder, Woolworths has been successful in providing high-quality goods, convenience, and quick service while rapidly growing, including a growing presence in gas station forecourts.

This demonstrates that, when given the option, people are willing to pay extra for high-quality goods.

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Identify specific problems with advertising to children experienced in South
Africa. Find specific advertisements and explain how you feel it can be seen
as unethical in our South African context.

Answers

Government's role in economic activities is being criticized in South Africa. Corruption level has increased significantly and it has taken a toll on the growth rate of the economy. The average growth rate of the economy is 3.5 % which is far below the required ones. South African Economy needs an average 6-7% growth rate to get rid of unemployment and poverty. The role of government is the most critical one in the developments of the economy. The government provides infrastructural facilities and other political stability in the country. The government should not interfere in areas where the private sector can do well or efficiently. The role of government must be recognised but side
by side government should not compete with the private sector. Thus, the role of government should be active where the private sector does not come and in other areas, the government must play as facilitators.

In order to keep the government running smoothly and able to fund various programs, it must collect money. What is the MOST common way to do this?

host telethons to raise money

sell useful items for a profit

collect taxes from citizens

invest money in the stock market

Answers

Answer:collect taxes from citizens

Explanation:

Answer:

Collect taxes from citizens

Explanation:

Collecting taxes and fees is a fundamental way for countries to generate public revenues that make it possible to finance investments in human capital, infrastructure, and the provision of services for citizens and businesses.

A student is concerned about her car and does not like dents. When she drives to school, she has a choice of parking it on the street in one space, parking it on the street and taking up two spaces, or parking in the lot. If she parks on the street

in one space, her car gets dented with probability. If she parks on the street and takes two spaces, the probability of a dent is and the probability of a $15 ticket is 3/10 Parking in a lot costs $5, but the car will not get dented. If her car gets dented, she can have it repaired, in which case it is out of commission for 1 day and costs her $50 in fees and cab fares. She can also drive her car dented, but she feels that the resulting loss of value and pride is equivalent to a cost of $9 per school day. She wishes to determine the optimal policy for where to park and whether to repair the car when dented in order to minimize her (long-run) expected average cost per school day.
A. Formulate this problem as a Markov decision process by identifying the states and decisions and then finding the Cik.
B. Identify all the (stationary deterministic) policies. For each one, find the transition matrix and write an expression for the (long-run) expected average cost per period in terms of the unknown steady-state probabilities.
C. Use your IOR Tutorial to find these steady state probabilities for each policy. Then evaluate the expression obtained in part (b) to find the optimal policy by exhaustive enumeration.

Answers

If she parks on the street use your IOR Tutorial to find these steady state probabilities for each policy. Then evaluate the expression obtained in part (b) to find the optimal policy by exhaustive enumeration. The answer is OPION C

If P(Xn+1 = j|Xn = i) = P(X1 = j|X0 = i), i.e., the transition probabilities do not depend on time n, then the Markov chain X(t) is time-homogeneous. If so, then the probability of moving from i to j in a single step is given by pij = P(X1 = j|X0 = i), and the transition matrix is given by P = (pij).

The final value is another name for the steady state value. This steady state value is very simple to determine using the Final Value Theorem: Where y(t) is in the time domain and Y(z) is in the frequency domain, limty(t)=limz0zY(z). In this case, your transfer function would be H(z)=Y(z)X(z)=.

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The requirement that certain professionals possess a license in order to work in a particular market has the effect of reducing the supply of those services, which in turn causes _________.
O price and the profits of firms in the market to increase.
O price to decrease and the profits of firms in the market to increase.
O price to increase and the profits of firms in the market to decrease.
O price and the profits of firms in the market to decrease.

Answers

Answer:

C

Explanation:

The correct option is  C :price to increase and the profits of firms in the market to decrease

This can be explained by the fact that, since it always been mandatory to possess a license in order to work in a particular market. This certainly  reduces the competition in the market and thus, the prices would increase; therefore, as the firms have to pay for licence thus would reduce the profits of firm.

In each of the following situations, list what will happen to the equilibrium price and the equilibrium quantity for a particular product, which is an inferior good. DRAW THEGRAPHS

a. The population decreases and productivity increases

b. Income increases and the price of inputs increase

c. The number of firms in the market decreases and income decreases

d. Consumer preference decreases and the price of a complement increases

e. The price of a substitute in consumption increases and the price of a substitute in production increases

Answers

Answer:

how to draw graf in this

02. Which of the following is not a general management function during staffing? (a) Employee training and development (b) Employee performance appraisal (c) Development of employee according to expertise (d) Follow-up by the manager who delegated the responsibility ​

Answers

Development of employee according to competence is not a generic management function during staffing.

What are the four objectives of performance reviews?

y identifying employees' skills and weaknesses, put the right people in the right jobs. to maintain and assess a person's capacity for growth. to provide employees with feedback on their work and pertinent status.

What do supervisors often concentrate on the given statement?

Managing a team is one of a supervisor's most crucial responsibilities. Supervisors frequently organise and lead the team's efforts to finish a task. Supervisors are responsible for setting goals, communicating them, and assessing team performance in which we describe everything.

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It costs Waterway Company $18.00 of variable costs and $7.80 of fixed costs to produce its product that sells for $40. Carla Vista Company, a foreign buyer, offers to purchase 3100 units at $23.50 each. If the special offer is accepted and produced with unused capacity, net income will:

Answers

Answer:

Increase by $17,050

Explanation:

In our analysis, we will use the incremental revenue and cost only. That means we exclude fixed costs since they are irrelevant for this decision and are already incurred.

Analysis of effects of accepting the special order

Sales (3,100 units x $23.50)                                               $72,850

Less Variable Costs (3,100 units x $18.00)                      ($55,800)

Financial Advantage / (Disadvantage)                               $17,050

therefore,

If the special offer is accepted and produced with unused capacity, net income will: Increase by $17,050.

While managing political
behaviours
in organization, the manager
requires discouraging:
Select one:
a. Dialogue
b. Negotiation
c. Relationships
d. Self interest

= Self interest

Answers

Answer:

You are right it is D

Explanation:

Having Self Intrest will cause selfishnes while doing political things.

the ____ is a federal government agency that offers both managerial and financial assistance to small businesses

Answers

Small business administration.

5.6 Last month Quick Industries produced 900 units. This month they produced 1,264 units. What is the rate of change in production? a. 29.8% b. 32.8% c. 40.4% d. 60% ​

Answers

Answer: C. 40.4%

Explanation:

To find the rate of change in production, we can use the following formula:

Rate of change = (New value - Old value) / Old value * 100

Where,

Old value = Production of last month = 900

New value = Production of this month = 1264

Substituting the values in the formula,

Rate of change = (1264 - 900) / 900 * 100= 364 / 900 * 100= 0.404 * 100= 40.4%

Therefore, the rate of change in production is 40.4%, which is an option (c). I hope that this answer has helped you!

Answer:

The correct answer is C.

Explanation:

The rate of change in production is: (1264 - 900) / 900 = 0.404 or 40.4%. So, the correct answer is c. 40.4%

25. When you have disequilibrium, there are two possible outcomes. Identify and describe both of them.​

Answers

um what i dont get it-

Sweet Catering completed the following selected transactions during May 2016:

May 1: Prepaid rent for three months, $2,400
May 5: Received and paid electricity bill, $60
May 9: Received cash for meals served to customers, $2,610
May 14: Paid cash for kitchen equipment, $3,880
May 23: Served a banquet on account, $2,050
May 31: Made the adjusting entry for rent (from May 1).
May 31: Accrued salary expense, $730
May 31: Recorded depreciation for May on kitchen equipment, $780

If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign.

Sweet Catering completed the following selected transactions during May 2016:May 1: Prepaid rent for

Answers

If Sweet Catering had recorded transactions using the Cash method, the net loss recorded for the month of May would have ($3,730).

What is the cash basis of accounting?

The cash basis of accounting is the opposite of the accrual basis.  This accounting method records transactions based on the occurrence of cash receipts and payments.

On the other hand, the accrual basis takes into consideration all transactions that pertain to the period whether cash movements are involved or not.

Transaction Analysis:

May 1: Prepaid Rent $2,400 Cash $2,400

May 5: Electricity  $60 Cash $60

May 9: Cash $2,610 Sales Revenue $2,610

May 14: Kitchen equipment $3,880 Cash $3,880

May 23: Accounts Receivable $2,050 Sales Revenue $2,050

May 31: Rent Expense $800 Prepaid Rent $800

May 31: Salary expense $730 Salaries Payable $730

May 31: Depreciation Expense- kitchen equipment, $780 Accumulated Depreciation $780

Cash Accounting for net income (loss):

Cash Revenue $2,610

Kitchen equipment -3,880

Prepaid rent -2,400

Electricity -60

Net loss = $3,730

Thus, if Sweet Catering had recorded transactions using the Cash method, the net loss recorded for the month of May would have ($3,730).

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