Which of these transactions should be entered in the general journal? A. Correction of error in recording
Question:
Which of these transactions should be entered in the general journal?
A. Correction of error in recording purchases returns
B. Owners cash drawings
C. Purchase of new equipment by cheque
D. Returns of goods to a supplier
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (17 reviews)
A Correction of error in recording purchases returns B Owners ...View the full answer
Answered By
BillClinton Muguai
I have been a tutor for the past 5 years. I have experience working with students in a variety of subject areas, including computer science, math, science, English, and history. I have also worked with students of all ages, from elementary school to college. In addition to my tutoring experience, I have a degree in education from a top university. This has given me a strong foundation in child development and learning theories, which I use to inform my tutoring practices.
I am patient and adaptable, and I work to create a positive and supportive learning environment for my students. I believe that all students have the ability to succeed, and it is my job to help them find and develop their strengths. I am confident in my ability to tutor students and help them achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
Question Posted:
Students also viewed these Business questions
-
The following transaction has been recorded in the general journal interest expense150 interest payable 150 how will this transaction affect the company's financial statements after it is posted to...
-
Recording events in the general journal and the effect on financial statements Required Record each of the following transactions in general journal form and then show the effect of the transaction...
-
Record the transactions in SE 5 in the general journal for 2011.
-
Troy Engines, Ltd., manufactures a variety of engines for use in heavy equipment. The company has always produced all of the necessary parts for its engines, including all of the carburetors. An...
-
Assign oxidation numbers to each atom in each substance. a. C6H6 b. B(OH)3 c. Li2S d. Au
-
Calista & Lane, CPAs, set the following standard for its inventory audit of Triumph Co.: 350 hours at an average hourly billing rate of $250. The firm actually worked 330 hours during the inventory...
-
(Appendix) Why would a VHWO wish to present its financial information on a fund basis rather than simply on an organization-wide basis? What benefits are there in fund-basis reporting? AppendixLO1
-
Pioneer Chicken advertises lite chicken with 30% fewer calories than standard chicken. When the process for lite chicken breast production is in control, the average chicken breast contains 420...
-
XYZ Company is currently selling its single product for $15. Variable costs are estimated to remain at 70% of the current selling price and fixed costs are estimated to be $4,800 per month. If XYZ...
-
Annual demand for number 2 pencils at the campus store is normally distributed with mean 1,000 and standard deviation 250. The store purchases the pencils for 6 cents each and sells them for 20 cents...
-
Make a copy of the following accounts. Balance each account as appropriate. Dr Motor vehicles Cr 7 000 Aug 9 500 Aug Balance 12 Bank 7 000 14 Rank Dr Bank loan Cr Aug 31 Bank 3 200 Aug 1 Balance 39...
-
Here is a list of assets and liabilities and references to capital. Read through the list, and then identify which items are assets, liabilities, capital. (a) Vehicle (k) Inventory (b) Shop fittings...
-
Which of the following incorrectly states the signs of the impact of an increase in the indicated input factor on call and put option prices? Call Put underlying stock price a. risk-free interest...
-
Implement the nearest neighbor algorithm in the programming language of your choice. The algorithm should work with vectors of up to 10 integer values and allow up to 10 integer classifications. By...
-
Use the operators described in Section 16.2.4 and the STRIPS method to solve the block world planning problem shown in Figure 16.11. The first state shown is the start state and the second state is...
-
Implement a Bayesian belief network in the programming language of your choice to represent a subject in which you are interested (for example, you might use it to diagnose medical conditions from...
-
Researchers have measured the acceleration of racing greyhounds as a function of their speed; a simplified version of their results is shown in Figure P4.67. The acceleration at low speeds is...
-
If the rate at which energy is dissipated by resistor 1 in Figure P31.86 is \(2.5 \mathrm{~W}\), and \(R_{1}=10 \Omega, \mathscr{E}_{1}=12 \mathrm{~V}\), and \(\mathscr{E}_{2}=6 \mathrm{~V},\) (a)...
-
Refer to the situation described in P 192. Assume Pastner prepares its financial statements using International Financial Reporting Standards (IFRS). Required: Would your responses to requirement 1...
-
QUESTION 9 HC-O-C-R R-C-O-CH HC-O-P-O-CH-CH-NH3* O || O a. Phosphatidic acid, Serine O b. Lysophosphatidic acid, Serine, Free FA O c. Lysophosphatidylserine, Free FA O d. 2 Free FAs, Serine, Glycerol...
-
A taxpayer sells a warehouse for a recognized gain. Depreciation had been properly claimed on the property, based on the straight-line method over a 39-year recovery period. Will the same amount of...
-
Osprey Corporation, a closely held corporation, has $100,000 of net active income, $25,000 of portfolio income, and a $120,000 loss from a passive activity. a. How much of the passive loss can Osprey...
-
Marmot Corporation pays a dividend of $100,000 in the current year. Otter Corporation, which is in the 25% marginal bracket, owns 15% of Marmots stock. Gerald, an individual taxpayer in the 25%...
-
Suppose you bought a bon with an annual coupon rate of 6.5 percent one year ago for $1,032. The bond sells for $1,020 today. a. Assuming a $1,000 face value, what was your total dollar return on this...
-
During the year 2021, William has a job as an accountant, he earns a salary of $100,000. He has done some cleaning services work on his own (self-employed), where he earned a net income of $50,000....
-
Fixed cost per unit is $7 when 25,000 units are produced and $5 when 35,000 units are produced. What is the total fixed cost when 30,000 units are produced? Group of answer choices $150,000....
Study smarter with the SolutionInn App