Business, 08.08.2019 22:30 breannaasmith1122
On may 1, 2017, tamarisk inc. entered into a contract to deliver one of its specialty mowers to kickapoo landscaping co. the contract requires kickapoo to pay the contract price of $930 in advance on may 15, 2017. kickapoo pays tamarisk on may 15, 2017, and tamarisk delivers the mower (with cost of $632) on may 31, 2017. (a) prepare the journal entry on may 1, 2017, for tamarisk. (credit account titles are automatically indented when the amount is entered. do not indent manually. if no entry is required, select "no entry" for the account titles and enter 0 for the amounts.) date account titles and explanation debit credit may 1, 2017
Answers: 3
Business, 22.06.2019 02:10
Materials purchases (on credit). direct materials used in production. direct labor paid and assigned to work in process inventory. indirect labor paid and assigned to factory overhead. overhead costs applied to work in process inventory. actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) transfer of jobs 306 and 307 to finished goods inventory. cost of goods sold for job 306. revenue from the sale of job 306. assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions.
Answers: 1
Business, 23.06.2019 20:50
Adepression can occur in the expansion phase of a business cycle. true or false
Answers: 2
On may 1, 2017, tamarisk inc. entered into a contract to deliver one of its specialty mowers to kick...
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