Blake eats two bags of generic potato chips each day, and does not purchase any name-brand chips. Blake's hourly wage increases

To adjust for Rent Receivable:

Sanborn Company has a tenant paying $3,100 monthly for renting space. The tenant has outstanding rent for November and December, which results in a total Rent Receivable on December 31 of (3100*2) = $6,200

Consequently, the adjusting entry on December 31 should be recorded as follows:

Rent Receivable Debit $6,200

Rent Revenue Credit $6,200

(Reflecting adjustment for rent receivable)

Response:

A.

Dec. 28, 20Y3

Dr Accounts Receivable - Beasley Co. 18,500

Cr Sales Revenue 18,500

Dec. 28, 20Y3

Dr Cost of Goods Sold 11,200

Cr Inventory 11,200

B.

Jan. 3, 20Y4

Dr Sales Returns and Allowances 4,000

Cr Accounts Receivable - Beasley Co. 4,000

Jan. 3, 20Y4

Dr Inventory 2,350

Cr Cost of Goods Sold 2,350

C. Jan. 7, 20Y4

Dr Cash 14,210

Dr Sales Discount 290

Cr Accounts Receivable - Beasley Co. 14,500

Explanation:

A. Recording the entry for the sale on December 28, 20Y3, using a perpetual inventory system’s net method.

Dec. 28, 20Y3

Dr Accounts Receivable - Beasley Co. 18,500

Cr Sales Revenue 18,500

Dec. 28, 20Y3

Dr Cost of Goods Sold 11,200

Cr Inventory 11,200

B. Journals to record the returns of merchandise

Jan. 3, 20Y4

Dr Sales Returns and Allowances 4,000

Cr Accounts Receivable - Beasley Co. 4,000

Jan. 3, 20Y4

Dr Inventory 2,350

Cr Cost of Goods Sold 2,350

C. Journal entry to document the receipt of amount owed

Jan. 7, 20Y4

Dr Cash 14,210

[(18,500-4,000)-(18,500-4,000)*2% ]

Dr Sales Discount 290

[(18,500-4,000)*2% ]

Cr Accounts Receivable - Beasley Co. 14,500

(18,500-4,000)

Respuesta:

La división y coordinación del trabajo evolucionaron con la expansión en 1993 debido a una alta demanda, mediante la creación de una estructura organizativa que formaliza roles y responsabilidades

Explicación:

A medida que Merritt's Bakery crecía, los dos fundadores no pudieron satisfacer la demanda incluso trabajando 20 horas al día. Con la implementación de la coordinación y la división del trabajo, la panadería funcionó de manera más eficiente y permitió una mayor expansión

B,

A and C are incorrect since a blog is not intended for personal correspondence

D Blogs are not meant for one-on-one communications

Answer:

A) $76500

B) $72500

C) $24750

D) tax refund of $260

Explanation:

A) Determine the gross income for Marc and Michelle

Marc has a salary of $64000

Michelle earns $12000

from bonds, they gain an interest of $500

Consequently, total gross income = 64000 + 12000 + 500 = $76500

B) Now, calculate the adjusted gross income for Marc and Michelle

Gross income totals $76500

Moving expenses allowable = $2500

Alimony paid to ex-spouse = $1500

Adjusted gross income = 76500 - 2500 - 1500 = $72500

C) Compute the total deductions from AGI for Marc and Michelle

Standard deduction = $12600

itemized deductions = $6000

Personal and dependency allowances = $12150

To derive the Deductions from AGI, one needs to sum the personal and dependency allowance with the standard deduction (selecting the greater value between standard and itemized deductions).

= 12600 + 12150 = $24750

D) Now find Marc and Michelle's taxable income

Adjusted gross income is $72500

Deductions based on itemized amount = $24750

Thus, taxable income = 72500 - 24750 = $47750

E) Finally, ascertain if Marc and Michelle are due a tax refund or owe taxes for the year

Tax rate notes:

for income between $18451 to $79000: tax rate is $1845 plus 15% on income exceeding $18450

Taxable income is $47750

Tax obligation = 1845 + (47750 - 18450) * 15% = $6240

Child tax credit totals $1000

Taxes withheld amounts to $5500

Tax refund is calculated as tax obligation minus child tax credit minus withheld taxes

6240 - 1000 - 5500 = $260

thus, a tax return amounting to $260 will be issued