Below are several transactions for Crimson Tide Corporation. A junior accountant, recently employed by the company, proposes to record the following transactions. External Transaction Accounts Debit Credit 1. Pay cash dividends of $670 to stockholders. Cash 670 Dividends 670 2. Provide services on account for customers, $2,100. Cash 2,100 Service Revenue 2,100 3. Pay a $370 utilities bill for the current period. Utilities Expense 370 Cash 370 4. Receive cash of $270 from previously billed customers. Cash 270 Service Revenue 270 5. Pay for supplies previously purchased on account, $1,070. Supplies Expense 1,070 Cash 1,070 2. Provide a correct entry for each of the transactions classified as incorrect
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Business, 21.06.2019 19:30
Which p shifts to consumer in the four cs of the alternate marketing mix? a) promotion b) product c) place d) price
Answers: 3
Business, 22.06.2019 04:00
Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.
Answers: 2
Business, 22.06.2019 12:50
Kyle and alyssa paid $1,000 and $4,000 in qualifying expenses for their two daughters jane and jill, respectively, to attend the university of california. jane is a sophomore and jill is a freshman. kyle and alyssa's agi is $135,000 and they file a joint return. what is their allowable american opportunity tax credit after the credit phase-out based on agi is taken into account?
Answers: 1
Business, 22.06.2019 19:10
Fortress international, a large conglomerate, procures a few component parts from external suppliers and also manufactures some of the key raw materials in its own subsidiaries. aside from this, the company does not solely depend on outside distributors to reach its customers. in fact, it has its own retail stores to distribute its products. in this scenario, which of the following alternatives to vertical integration is fortress international applying? a. concentric integration b. taper integration c. horizontal integration d. conglomerate integration
Answers: 1
Below are several transactions for Crimson Tide Corporation. A junior accountant, recently employed...
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