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Mosters music company have the follwing transactions in March?
a. Sold instruments to customers for 10,000; recieved 6,000 in bread and the rest on the reason. The cost of the instrument be 7,000
b. Purchased 4,000 of up to date interest invetory; remunerated 1,000 contained by dosh and owed the rest on the sketch.
c. Paid 600 surrounded by wages for the month.
d. Recieved a 200 dollar bill for utilities that will be salaried surrounded by April.
e.Recieved 1,000 from customers as deposits on information of trial instruments to be sold to the customer in april
f. What is the web income and dosh income?
Answers:
a. Sold instruments to customers for 10,000; recieved 6,000 in lolly and the rest on the portrayal. The cost of the instrument be 7,000
10,000 is income
6,000 of which is an asset in ther wall account
4,000 of which is an asset surrounded by recievables
7,000 expense
don't forget at hand's a web in that for you to consider
b. Purchased 4,000 of exotic interest invetory; rewarded 1,000 within currency and owed the rest on the commentary.
4,000 is an expense and go into inventory
1,000 of which comes out of the lolly
3,000 of which is a liability or amount owed
c. Paid 600 surrounded by wages for the month.
600 comes out of dosh and into expenses
d. Recieved a 200 dollar bill for utilities that will be compensated surrounded by April.
this expense will probably sit on someones desk until then
e.Recieved 1,000 from customers as deposits on information of alien instruments to be sold to the customer in april
this is unrealized income in their dosh statement and money that's not theirs yet
f. What is the lattice income and lolly income?
hope that help
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a. Sold instruments to customers for 10,000; recieved 6,000 in bread and the rest on the reason. The cost of the instrument be 7,000
b. Purchased 4,000 of up to date interest invetory; remunerated 1,000 contained by dosh and owed the rest on the sketch.
c. Paid 600 surrounded by wages for the month.
d. Recieved a 200 dollar bill for utilities that will be salaried surrounded by April.
e.Recieved 1,000 from customers as deposits on information of trial instruments to be sold to the customer in april
f. What is the web income and dosh income?
Answers:
a. Sold instruments to customers for 10,000; recieved 6,000 in lolly and the rest on the portrayal. The cost of the instrument be 7,000
10,000 is income
6,000 of which is an asset in ther wall account
4,000 of which is an asset surrounded by recievables
7,000 expense
don't forget at hand's a web in that for you to consider
b. Purchased 4,000 of exotic interest invetory; rewarded 1,000 within currency and owed the rest on the commentary.
4,000 is an expense and go into inventory
1,000 of which comes out of the lolly
3,000 of which is a liability or amount owed
c. Paid 600 surrounded by wages for the month.
600 comes out of dosh and into expenses
d. Recieved a 200 dollar bill for utilities that will be compensated surrounded by April.
this expense will probably sit on someones desk until then
e.Recieved 1,000 from customers as deposits on information of alien instruments to be sold to the customer in april
this is unrealized income in their dosh statement and money that's not theirs yet
f. What is the lattice income and lolly income?
hope that help