I requirement accounting relief!?
which accounts do I debit and credit for these two transactions??- recorded revenue earn and billed to clients during the month, $48,400
-rented land purchased on November 15 to local merchants assoctiation for use as a parking lot within December and January, during a street rebuilding program; received advance gift of $2,500
please yall! I got adjectives the other ones but these two! :)
Answers: Billed clients is a account receivable (asset)
2,500 rented arrive for "future use" is a liability because they can conversion their mind and decide not to use the environment before the lease date and you own to refund the money. The money is not but earned.
Compute the cost of finish inventories?
Could someone help me out please? Here's the info...Direct materials purchased 60,000
Beginning Work-in-process 30,000
Beginning Direct Materials Inventory 20,000
Beginning Finished Goods Inventory 15,000
Indirect Manufacturing Costs 35,000
Conversion costs 60,000
Revenues 120,000
Market, Distribution, Customer Service 18,000
Prime costs 80,000
Gross edge percent 0.25
Cost of goods Available for public sale 140,000
Compute the cost of ending inventories
If someone could give support to me with the problem I would greatly appreciate it. I enjoy a test within a hour and there will be a problem similar to this one. Help!!
Answers: Only promise with what you obligation. If the GM % is 25 and revenues are $120,000, then the Gross edge is $30,000, right? Backing up, then, if Gross border is $30,000 and revenues are $120,000, Cost of Goods Sold is $90,000. If CGS is $90,000 and CGAS is $140,000, then closing moments inventories are $50,000.
£1255 = what in American currency?
Answers: Live rates at 2008.02.13 00:58:30 UTC
1,255.00 United Kingdom Pounds = 2,456.63 US Dollars
1 United Kingdom Pounds = 1.95747 US Dollars
1 US Dollar = 0.510863 United Kingdom Pounds
$1882.5