During the month, the Supplies (asset) account was debited $2,000 for supplies purchased. The cost of supplies used during the month was $1,250. Record the adjustment to properly reflect the amount of supplies used and supplies still on hand at the end of the month. An insurance premium of $440 was paid for the coming year. Prepaid Insurance was debited. Wages of $3,400 were paid for the current month. Interest revenue of $270 was received for the current month. Accrued $620 of commissions payable to sales staff for the current month. Accrued $130 of interest expense at the end of the month. Received $2,675 on accounts receivable accrued at the end of the prior month. Purchased $700 of merchandise inventory from a supplier on account. Paid $130 of interest expense for the month. Accrued $870 of wages at the end of the current month. Paid $590 of accounts payable.

Answer:

Journal Entries:

1. Debit Supplies Expense $1,250

Credit Supplies $1,250

To record supplies expense for the month.

2. Debit Prepaid Insurance $440

Credit Cash $440

To record insurance prepaid.

Debit Insurance Expense $37

Credit Prepaid Insurance $37

To record insurance expense for the month.

3. Debit Wages Expense $3,400

Credit Cash Cash $3,400

To record wages paid.

4. Debit Sales Commissions Expense $620

Credit Sales Commission Payable $620

To record the sales commission expense.

5. Debit Interest Expense $130

Credit Interest Payable $130

To record the interest expense.

6. Debit Cash $2,675

Credit Accounts Receivable $2,675

To record the receipt on account.

7. Debit Inventory $700

Credit Accounts Payable $700

To record the purchase of inventory on account.

8. Debit Interest Payable $130

Credit Cash $130

To record the payment of interest.

9. Debit Wages Expense $870

Credit Wages Payable $870

To record accrued wages expense.

10. Debit Accounts Payable $590

Credit Cash $590

To record payment on account.

Explanation:

a) Data and Analysis:

1. Supplies Expense $1,250 Supplies $1,250

2. Prepaid Insurance $440 Cash $440

Insurance Expense $37 ($440/12)

Prepaid Insurance $37

3. Wages Expense $3,400 Cash $3,400

4. Sales Commissions Expense $620 Sales Commission Payable $620

5. Interest Expense $130 Interest Payable $130

6. Cash $2,675 Accounts Receivable $2,675

7. Inventory $700 Accounts Payable $700

8. Interest Payable $130 Cash $130

9. Wages Expense $870 Wages Payable $870

10. Accounts Payable $590 Cash $590

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HELLPPPPPPPPPPP PLEAEE!!!!!!!!!

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please can see answer this fast. Briefly explain how the market mechanism relieves excess demand.​

Classifying Cash Flow Statement Components
The following table presents selected items from a recent cash flow statement of General Mills, Inc. For each item, determine whether the amount would be disclosed in the cash flow statement under operating activities, investing activities, or financing activities. (General Mills uses the indirect method of reporting cash flows from operating activities).
DOLE DOLE FOOD COMPANY, INC.
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3. Depreciation and amortization
4. Change in accrued liabilities
5. Dividends paid
6. Change in income taxes payable
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Direct materials $180
Direct manufacturing labor 170
Variable manufacturing support 250
Fixed manufacturing support 140
Total manufacturing costs 740
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Estimated selling price $814

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Office Retail
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Rents per square foot $24 $30
Operating Expenses Ratio 40% 50%
Avg. Growth in NOI Per Year 3% 3%
Required Return (r) 13% 14%
Total Construction Cost
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C. banks reliance on short term funding; and the increased use of non-standard mortgages such as fixed rate, 30-year mortgages.
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Variable costs 902,000
Fixed costs 2,310,000

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Required:
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Drag the tiles to the correct boxes to complete the pairs.
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investing activities
financing activities
administration expenses
operating activities
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Please Help!!
1. True or False: A tax lien which is a failure of an individual to pay his or her taxes and it can remain on a credit report for up to 10 years.
2. True or False: Credit utilization is the ratio of an individual's credit balance to their credit card limit.
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Collections from customers: January $100,300, February $177,000.
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Direct labor: January $35,400, February $53,100. Wages are paid in the month they are incurred.
Manufacturing overhead: January $24,780, February $29,500. These costs include depreciation of $1,770 per month. All other overhead costs are paid as incurred.
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Required:
Prepare a cash budget for January and February.

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ME EXPLICA O BARINLY

can individual be too motivated? discuss​

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