Given the following events, prepare the necessary journal entries on behalf of ABC Company: A. Jeff Gray
Question:
A. Jeff Gray placed an order for merchandise and made a $ 2,000 deposit.
B. ABC Company notified Jeff that his order was ready for pickup.
C. Jeff picked up his order and paid the balance due, $ 5,000.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
a Cash 2000 Unearn...View the full answer
Answered By
Sarah Khan
My core expertise are:
-_ Finance
-_ Business
-_ Management
-_ Marketing Management
-_ Financial Management
-_ Corporate Finance
-_ HRM etc...
I have 7+ years of experience as an online tutor. I have hands-on experience in handling:
-_ Academic Papers
-_ Research Paper
-_ Dissertation Paper
-_ Case study analysis
-_ Research Proposals
-_ Business Plan
-_ Complexed financial calculations in excel
-_ Home Work Assistance
-_ PPT
-_ Thesis Paper
-_ Capstone Papers
-_ Essay Writing etc...
5.00+
91+ Reviews
92+ Question Solved
Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
Question Posted:
Students also viewed these Managerial Accounting questions
-
Given the following events, prepare the necessary journal entries for Morrison: A. Kathleen Morrison, a CPA, received $ 3,000 from a client for services to be performed next month. B. Kathleen...
-
A customer has placed an order for 30,000 first-aid kits that must be delivered within 20 business days. The kits are to be assembled on the four-workstation line shown below and in kanban quantities...
-
A large mail-order company has placed an order for 5,000 thermal-powered fans to sit on wood-burning stoves from a supplier in Canada, with the stipulation that no more than 2% of the units will be...
-
Given the following set of slope staking notes: C Sta 51+00 50+00 49+00 L CX 33.4 F 9.1 33.6. F 10.3 35.4 C 5.5 0.0 F 3.5 R C 3.2 X C 4.1 30.2 0.0 20.0 Bases Base for cut=48 ft Base for fill= 40 ft s...
-
In the Super Bowl, by how many points does the winning team outscore the losers? Here are the winning margins for the first 48 Super Bowl games: 25, 19, 9, 16, 3, 21, 7, 17, 10, 4, 18, 17, 4, 12, 17,...
-
A Carnot engine is coupled to a Carnot refrigerator so that all of the work produced by the engine is used by the refrigerator in extraction of beat from a heat reservoir at 0C at the rate of 35 kJ...
-
Describe the responsibilities and the various agencies within the DHHS.
-
Under what conditions of bond issuance does a discount on bonds payable arise? Under what conditions of bond issuance does a premium on bonds payable arise?
-
Green Trifle Bakery discovered some errors for 2020 and 2021. What would be the impact on net income for each year if the errors were left undetected? Error Ending inventory in 2020 2020 2021 was...
-
Developed by Coca-Cola Asia Pacific, Coca-Cola Fiber+ (or just Coke Plus) is expanding through Hong Kong, Japan, Mainland China, Mongolia, and Taiwan. Coke Plus is a zero calorie soda (essentially...
-
In a period of rising prices would a company prefer FIFO or LIFO costing? Why?
-
Journalize the following transactions for the Prado Company: Oct. 8 Sold $ 9,200 of merchandise to Zen, Inc., on account, terms 2 10, n 60. The merchandise had a cost of $ 6,000. Oct. 10 Zen, Inc....
-
A vector function Z(r) satisfies Z = 0 and Z = 0 everywhere in a simply-connected volume V bounded by a surface S. Modify the proof of the Helmholtz theorem in the text and show that Z(r) can be...
-
Jess is a paralegal who received his license four months ago. He works for a senior paralegal named Loralei who is representing the defendant on a complicated collection matter. Jess and Lorelai...
-
a chart showing the relevant time periods of the offering process including the pre-filing or "quiet period", "the waiting period" and the post effective period. Make a quick and crude list of...
-
The SEC has provided certain safe harbors from the prohibition on both Section 5's restrictions on pre-filing offers and the definition of a prospectus for companies not yet public? Name and describe...
-
Please answer TWO discussions 1. Hello Class, Here in the united states, the duty to act responsibly and reasonably is something one should apply when driving whether you're on s highway or not. One...
-
Chapter 13 - Contracts: https://bookshelf.vitalsource.com/reader/books/9781260512700/epubcfi/6/52[%3Bvnd.vst.idref%3Dchapter13]!/12/2/2/2[page_323]/1:6[e%203%2C23] Chapter 16 - Capacity and Legality:...
-
The itemized deduction for state and local taxes in 2020 is a. Total taxes less 10 percent of AGI b. Limited to no more than $10,000 c. Unlimited d. Only deductible if the taxes are business related...
-
Without solving, determine the character of the solutions of each equation in the complex number system. 3x 2 3x + 4 = 0
-
You must select a pump to transfer an organic liquid with a viscosity of $5 \mathrm{cP}$ and $\mathrm{SG}$ of 0.87 at a rate of $1000 \mathrm{gpm}$ through a piping system that contains $1000...
-
Sid Cato provides critiques of corporate annual reports. He maintains a website at www.sidcato.com that provides many useful resources for those who are interested in preparing or using annual...
-
Sid Cato provides critiques of corporate annual reports. He maintains a website at www.sidcato.com that provides many useful resources for those who are interested in preparing or using annual...
-
Chieftain International, Inc., is an oil and natural gas exploration and production company. A recent balance sheet reported $208 million in assets with only $4.6 million in liabilities, all of which...
-
Do you envision the business as starting by targeting specific needs of a single target community (e.g. the target is San Francisco), targeting specific needs of a similar set of communities (e.g....
-
Define social media. ( 20 points ) How has social media changed the way marketers and consumers communicate with one another? Explain the implications for marketers. Describe how marketing managers...
-
Find an article or video offering advice on choosing the best financing option for a business. Answer the following questions: Which types of financing did they discuss? What advice did they offer?...
Study smarter with the SolutionInn App