User Account

All Pages

Journalize the entry to record cash receipts and cash sales

Assignment Help Managerial Accounting
Reference no: EM132752831

Problem - The actual cash received from cash sales was $83,452, and the amount indicated by the cash register total was $83,480. Journalize the entry to record the cash receipts and cash sales.

Reference no: EM132752831

Questions Cloud

What amount should be reported for cash : Bank debit memo for service charges, $35. If the balance sheet were prepared for Creative Design Co. on August 31, what amount should be reported for cash
Find what is the correct cash in bank balance : ABC Corporation is preparing its bank reconciliation for the month of April. The bank statement showed, What is the correct cash in bank balance?
Establishing equitable internal job structure : What is job evaluation, how does it differ from job analysis and how is it used in establishing an equitable internal job structure?
What would be the balance sheet for the company on that date : Listed are every account balance for the CoolTech Company on December 31, 2015. What would be the balance sheet for the company on that date?
Journalize the entry to record cash receipts and cash sales : The amount indicated by the cash register total was $83,480. Journalize the entry to record the cash receipts and cash sales
Find what should be the corresponding interest rate : Find what should be the corresponding interest rate, If the equivalent annual amount of that cash flow is provided to be $7700.
Caterpillar competitive advantages : Analyze the strengths and weaknesses of Caterpillar's competitive advantages.
How much will sell the land for in ten years : You just purchased a parcel of land for RM10,000. If you expect a 12% annual rate of return on your investment, how much will you sell the land for in 10 years?
What must the interest rate be : Consider a deposit of $200 made at the end of the year. Deposits grow at a rate of 5 percent each year for another 5 years. The goal is to save $2500.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Find budget showing the expected current profit

The variable cost is $3 per package, and fixed costs are $60,000 per month. budget showing the expected current profit and profit after the changes in costs.

  Determining costing systems

Which costing system would be more efficient when direct labor costs and direct materials are low, and overhead is high and why? Explain how the supply chain and the macroeconomic environment of the health care business fit in with your calculations?

  Why are batch sizes generally larger in bottleneck

Why are batch sizes generally larger in bottleneck departments?

  Evaluating two options for new equipment to introduce

Evaluating two options for new equipment to introduce a new product to its suite of goods - Perform all calculations correctly.

  Calculate cost of goods transferred to molding department

Calculate the cost of goods transferred to the molding department during May. Calculate the cost of May's ending work-in-process for the mixing department.

  Have you ever been involved in the budget process at your

have you ever been involved in the budget process at your organization?describe your role and responsibilities. if

  Find what variable costs per unit are

If total costs are $20,000 at an output of 2,000 units and $25,000 at an output of 2,500 units, What variable costs per unit are?

  What is the total amount of cash to be received in june

Comment on the liquidity of Hughes Inc. Specifically, do you think they'll be able to meet cash flow obligations for the month of June?

  What is the current margin of safety in terms

What is the current margin of safety in terms of the number of units? What is the current margin of safety in terms of sales dollars?

  Compare the overhead estimates per product

Compare the overhead estimates per product. Summarizes the direct labor, overhead, and direct material costs associated with these products Rubrics'

  Calculate the net income earned and the taxes

Calculate the net income earned and the taxes that would have to be paid in each year if the new venture is formed as a corporation.

  How many cds that speakerboxx will have to sell

How many CDs that Speakerboxx will have to sell in order to make a target net income of $16,200. Compute the variable cost per unit.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd