Question: Write double entry Creg works as an agent for a number of smaller contractors, earning commission of 10%. Cregs revenue includes $6,000 received from clients

Write double entry

  • Creg works as an agent for a number of smaller contractors, earning commission of 10%. Cregs revenue includes $6,000 received from clients under these agreements with $5,400 in cost of sales representing the amount paid to the contractors.

Pls ASAP, it will be upvoted

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Write double entry Creg works as an agent for a number of smaller contractors, earning commission of 10%. Creg's revenue includes $6,000 received from clients under these agreements with $5,400 in...

Q:

can someone help me with this homework? Additional information: (1) Depreciation charges of tangible and intangible assets for the year should be calculated at 10% on cost at 1 January. (2) A fire at...

Q:

Write double entry for the given information. Creg works as an agent for a number of smaller contractors, earning commission of 10%. Creg's revenue includes $6,000 received from clients under these...

Q:

\ table [ [ , Dr , Cr ] , [ , $ 0 0 0 , $ 0 0 0 Additional information: ( 1 ) ?During the year to 3 1 ?December 2 0 2 3 , ?an item of equipment with a carrying amount of $ 2 , 7 9 0 ?were sold at a...

Q:

( 1 ) ?During the year to 3 1 ?December 2 0 2 3 , ?an item of equipment with a carrying amount of $ 2 , 7 9 0 ?were sold at a loss of $ 1 , 1 5 0 . ?No entries have yet been made to record this....

Q:

The trial balance of Beta shows the following balances at 3 1 December 2 0 2 3 :Additional information: ( 1 ) During the year to 3 1 December 2 0 2 3 , assets with a carrying amount of $ 3 , 7 9 0...

Q:

The trial balance of Beta shows the following balances at 3 1 December 2 0 2 3 :Additional information: ( 1 ) During the year to 3 1 December 2 0 2 3 , assets with a carrying amount of $ 3 , 7 9 0...

Q:

The trial balance of Beta shows the following balances at 3 1 December 2 0 2 3 :Additional information: ( 1 ) During the year to 3 1 December 2 0 2 3 , assets with a carrying amount of $ 3 , 7 9 0...

Q:

The trial balance of Beta shows the following balances at 3 1 December 2 0 2 3 :Additional information: ( 1 ) During the year to 3 1 December 2 0 2 3 , assets with a carrying amount of $ 3 , 7 9 0...

Q:

Need to be done in excel ( 1 ) ?During the year to 3 1 ?December 2 0 2 3 , ?an item of equipment with a carrying amount of $ 2 , 7 9 0 ?were sold at a loss of $ 1 , 1 5 0 . ?No entries have yet been...

Q:

It was reported that the median interest rate on 30-year fixed mortgages in a certain large city is 7.75% on a particular day, with zero points. A random sample of nine lenders produced the following...

Q:

Make a program that applies a blur filter to a selfie of yours. For this you must comply with the following: Use the CCV library (https://libccv.org/) Investigate what is a static library and a...

Q:

You want to save $931 000 to supplement your pension income to retire early at age 60. You have 26 years to accomplish this and already have saved. Assuming an eight percent compounded annual return,...

Q:

A is about the size of a credit card and contains an embedded microprocessor chip for storing important financial and personal information. nano card memory card smart card pay card