Black systems sold and delivered modems to white computers for $330,000 to be paid by white in three equal installments over the next three months. the journal entry made by black systems to record this transaction will include: a debit to sales revenue for $330,000. a debit to accounts receivable for $330,000. a debit to accounts receivable for $110,000. a debit to cash for $330,000.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Black systems sold and delivered modems to white computers for $330,000 to be paid by white in three equal installments over the next three ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
One of the appeals of a sole proprietorship is that business expenses are A. kept separate from your personal income tax return. B. included with your personal income tax return. C. divided equally between the partners. D.
Answers (2)
Which statement about immigration is BEST supported by the information on the graph? a) Between 1894 and 1898, immigration increased dramatically b) Between 1898 and 1902, immigration remained about the same.
Answers (1)
Sebastian is the marketing manager of a local restaurant. He has decided to set up a booth at an outdoor concert being held at the city park to pass out free samples of food and to give attendees coupons that can be used at the restaurant.
Answers (1)
On January 1, 20X8, Piano Company acquired all of Song Corporation's voting shares for $280,000 cash. On December 31, 20X9, Song owed Piano $5,000 for services provided during the year.
Answers (2)
Grizzly Company had Retained Earnings at December 31, 2018 of $210,000. During 2019, the company had revenues of $410,000 and balance sheet as of December 31, 2019 will be: expenses of $355,000, and the company declared and paid dividends of $12,000.
Answers (1)
New Questions in Business
George and Weezy received $30,200 of Social Security benefits this year ($12,000 for George; $18,200 for Weezy). They also received $5,000 of interest from jointly owned City of Ranburne Bonds and dividend income.
Answers (1)
Which of the following is true regarding the high-tech industry today? a. It generally depends on a pool of low-skilled labor. b. It has led to the increased economic development of previously rural areas. c.
Answers (1)
Presented below are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a balance sheet. -Sold merchandise on account for $64,000 to a customer.
Answers (1)
Barans Realty Co. pays weekly salaries of $18,000 on Monday for a six-day workweek ending the preceding Saturday. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Friday.
Answers (1)
Montana Company was authorized to issue 200,000 shares of common stock. The company had issued 50,000 shares of stock when it purchased 10,000 shares of treasury stock.
Answers (1)