Provide the two journal entries

Assignment Help Accounting Basics
Reference no: EM132725399

Question - Provide the two journal entries for the following:

Your company makes guitars. Your company just sold 100 guitars for $250 each to a credit customer. Your cost per guitar was $180.

Reference no: EM132725399

Questions Cloud

What sense does the judeo-christian tradition share aspects : What sense does the Judeo-Christian tradition share aspects of traditional religions? In what sense is the Judeo-Christian tradition different from traditional
What is multifactor authentication : What is multifactor authentication and what are some examples? List 5 reasons to turn on multifactor authentication?
Find the over- or underapplied amount for the month : Coolidge Company estimates that the factory overhead for the following year will be $196726. Find the over- or underapplied amount for the month
How shinto beliefs have influenced japanese culture : Give an example of how Shinto beliefs and practices have influenced Japanese culture. Cite supporting information from the topic materials.
Provide the two journal entries : Provide the two journal entries for the following: Your company makes guitars. Your company just sold 100 guitars for $250 each to a credit customer
What are the quantifiable results : How did it implement the practices? How long did it take? What are the quantifiable results?
Identify three different schools of buddhism : Explain the notion of "self" from both a Buddhist and Christian perspective. How do these two perspectives differ? How are they similar?
Disaster recovery and business continuity plans : Write a paper comparing your organization's disaster recovery and business continuity plans with the best practices outlined in your course text.
Practice of safeguarding information and managing risks : Information Assurance (IA) is the practice of safeguarding information and managing risks related to the use, processing, storage,

Reviews

Write a Review

Accounting Basics Questions & Answers

  How to calculate the costs using the application rates

Billable professional staff salaries = $ 4,000,000, Secretarialcosts = 1,500,000. Then, how to calculate the costs using the application rates?

  What is the present value of tax savings

What is the present value of tax savings related to the operating losses in years 1 and 2

  Evaluate how much cash will increase during the month

Evaluate how much cash will increase during the month of March. (Decreases in accounts receivable or accounts payable will have a negative sign)

  Construct a probability tree for this problem

Eastern Airlines knows that 20 % of its customers fly first class, 20 % fly business class, and the rest fly coach. Of those customers who fly first class, 70% are from the East Coast while 30% are from elsewhere. In addition, of those customers w..

  Distinguish between exchange and nonexchange transactions

Identify and describe the four eligibility requirements for a government to recognize revenue in a nonexchange transaction.

  How are unrealized gains or losses reported

What amounts from equity method investments are reported in the comparative income statements?How are unrealized gains or losses reported? Realized gains?

  Accounting records to the acquired asset

Equipment with an estimated market value of 75,000 is offered for sale at 95,000. the equipment is acquired for 30,00 in cash and a not payable of 50,000 due in 30 days the amount used in the buyers accounting records to the acquired asset is what..

  Calculate the amount of recoveries recorded

D-341 Company estimated its bad debt expense to be $12, 750 for 2022. Calculate the amount of recoveries recorded by D-341 Company during 2022

  What are the material price and quantity variances for june

The company bought 10, 625 pounds of iron at a cost of $25,500. What are the material price and quantity variances for June

  Young man corporation has temporary differences at december

Indicate how these balances would be presented in Youngman's December 31, 2010, balance sheet.

  Acme produce inc wishes to buy a potato processing unit for

Acme Produce, Inc. wishes to buy a potato processing unit for their plant. Acme's engineers have negotiated a contract that covers the annual maintenance costs for the first two years, with Acme incurring annual maintenance costs beginning at the end..

  Acquisition costs of realty the expenditures

Identify each item by letter and list the items in columnar form, using the headings. All receipt amounts should be reported in parentheses. For any amounts entered in the Other Accounts column also indicate the accounttitle.

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!

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