On September 23, Jerra Nova Company received a $480 check from Paddle Board Inc. for services to be performed in the future. The bookkeeper for Jerra Nova Company incorrectly debited Cash for $480 and credited Accounts Receivable for $480. The amounts have been posted to the ledger. To correct this entry, the bookkeeper should Group of answer choices debit Cash $480 and credit Unearned Service Revenue $480. debit Accounts Receivable $480 and credit Unearned Service Revenue $480. debit Accounts Receivable $480 and credit Cash $480. debit Accounts Receivable $480 and credit Service Revenue $480.

For each example identify the most appropriate ctso

Neon light company of kansas city ships lamps and lighting appliances throughout the country. ms. neon has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by one and one-half days. furthermore, the cash management department of her bank has indicated to her that she can defer her payments on her accounts by one-half day without affecting suppliers. the bank has a remote disbursement center in florida. a. if neon light company has $2.90 million per day in collections and $1.18 million per day in disbursements, how many dollars will the cash management system free up?

Galwaysc electronics makes two products. model a requires component a and component c. model b requires component b and component c. new versions of both models are released each year with updated versions of all components. all components are sourced overseas, and abc contracts annually for a quantity of each component before seeing that year’s demand. components are only assembled into finished products once demand for each model is known. for the coming year, alwaysc’s purchasing manner has proposed ordering 500,000 units of component a, 630,000 of component b, and 1,000,000 units of component c. her boss has asked why she has recommended purchasing so much of components a and b when alwaysc will not have enough of component c to fully use all of the inventory of a and b. what factors might the purchasing manager cite to explain her recommended order? explain your reasoning.