On June 01, 2016, ABC signed a $13620 consulting contract with XYZ The contract requires ABC to provide computer technology support services whenever requested over the period from June 01, 2016 to June 01, 2018, with XYZ paying the entire $13620 on June 01, 2016 Use the account titles on the spreadsheet account_titles. xlsx Prepare journal entries for ABC the journal entry on June 01, 2016 will be a DR to (account title) Answer Cash the journal entry on June 01, 2016 will be a CR to (account title) Answer Cash-Equivalents the amount of the DR and the CR on June 01, 2016 is Answer the adjusting journal entry (based on months passed) on December 31, 2016 will be a DR to (account title) Answer the adjusting journal entry on December 31, 2016 will be a CR to (account title) Answer the amount of the DR and the CR on December 31, 2016 will b

One way that marketing mix characteristics differ for organizational buying

Prior to its closing, income summary had total debits of $1,190,500 and total credits of $1,476,300. what purpose is served by the income summary account and what is the nature of the entries that resulted in the $1,190,500 and the $1,476,300? the income summary account is used to the accounts. the $1,190,500 represents the , and the $1,476,300 represents . the company had of $ .

Sweeten company had no jobs in progress at the beginning of march and no beginning inventories. the company has two manufacturing departments--molding and fabrication. it started, completed, and sold only two jobs during march—job p and job q. the following additional information is available for the company as a whole and for jobs p and q (all data and questions relate to the month of march): molding fabrication total estimated total machine-hours used 2,500 1,500 4,000 estimated total fixed manufacturing overhead $ 10,000 $ 15,000 $ 25,000 estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 job p job q direct materials $ 13,000 $ 8,000 direct labor cost $ 21,000 $ 7,500 actual machine-hours used: molding 1,700 800 fabrication 600 900 total 2,300 1,700 sweeten company had no underapplied or overapplied manufacturing overhead costs during the month. required: for questions 1-8, assume that sweeten company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. for questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. 1. what was the company’s plantwide predetermined overhead rate? (round your answer to 2 decimal places.) next