On November 2, 20Y3, Fibrosis Co. purchased $1,800 of supplies on account. a. Journalize the November 2,
Question:
On November 2, 20Y3, Fibrosis Co. purchased $1,800 of supplies on account.
a. Journalize the November 2, 20Y3, transaction.
b. Prepare a T account for Supplies. Enter a debit balance of $1,050 as of November 1, 20Y3.
c. Prepare a T account for Accounts Payable. Enter a credit balance of $15,600 as of November 1, 20Y3.
d. Post the November 2, 20Y3, transaction to the accounts.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 93% (15 reviews)
a 20Y3 Nov2 Supplies 1800 Accounts ...View the full answer
Answered By
Chetan Arora
I'm a mechanical engineer presently. My educational journey has been one of the most exciting though a learning experience for me. I've been through a wonderful co-ed school and one of the best colleges in India. The journey has not only acknowledged me with education but more of life experiences. It has made me encounter with this competitive world and life changing scenarios. Beginning from the five basics namely english,maths, etc till learning the study of machines, thermodynamics etc has pushed the horizons of my life to an all new level
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
The potential energy for a one-dimensional harmonic oscillator is m 2 x 2 (where is the angular frequency of its oscillation), so a classical harmonic oscillator with total energy E will oscillate...
-
3. Consider the following model log(yi) =B + B log(xi) + ui, where i = 1, . . ., 60, ya is the food expenditure (in $) for the ith household, and x, is the income of the ith household. After running...
-
enter the november 1 balances in ledger taccounts (b) journalize the november transactions (c) post to the ledger accounts you will need to add some accounts (d) journalize and post adjusting entries...
-
The position of a particle moving along 12t2 2t, where r is in meters and t is in an r-axis is given by x = seconds. i Determine the acceleration of the particle at t = 3.0 s. ii What are the...
-
(a) What is the difference between a hypothesis and a theory? (b) Explain the difference between a theory and a scientific law. Which addresses how matter behaves, and which addresses why it behaves...
-
A mechanical oscillator (such as a mass on a spring or a pendulum) subject to frictional forces satisfies the equation (called a differential equation) y"(t) + 2y'(t) + 5y(t) = 0, where y is the...
-
1 Have you made an online purchase? If so, why do you think so many people who have access to the Internet are not also online buyers? If not, why are you reluctant to do so? Do you think that...
-
A data set of 5 observations for Concession Sales per person ($) at a theater and Minutes before the movie begins results in the following estimated regression model: Sales = 4.3 + 0.265 Minutes. The...
-
Which of the following would invalidate the weak form of the efficient hypothesis
-
On June 1, Maui Travel Agency, Inc., was established. The following transactions were completed during the month. 1. Stockholders invested $40,000 cash, receiving common stock in exchange. 2. Paid...
-
The following data (in millions) were taken from finance.yahoo.com. 1. Match each of the following companies with the data for Company A, B, C, or D: Amazon.com Coca-Cola Inc. Delta Air Lines Kroger...
-
On March 1, 20Y1, Larry Kinyon established Valley Realty, which completed the following transactions during the month: a. Larry Kinyon transferred cash from a personal bank account to an account to...
-
How did the research participants identify the seven different masculine identities, or archetypes, for older mens help-seeking for preventative health?
-
Notation Using the weights (Ib) and highway fuel consumption amounts (mi/gal) of the 48 cars listed in Data Set 35 "Car Data" of Appendix B, we get this regression equation: = 58.9 - 0.00749x, where...
-
Week 11-Final Exam: Chapters 5-7 Question 15 of 30 -135 Current At in Ppm 06-20 10%.onthe 1110077 OORE Textbook and M DOLL F T 19 19 Q w A R T Y 3 . 9 4 S D 4 G H A L x N M Cu T
-
We have two samples: sample 1 n= 39 -X= 98.2 S= 15.9 sample 2 n=31 -X=119.2 S= 23.0 begin testing whether u1
-
Discuss charitable purpose trusts under Section 3(1), Charities Act 2011.
-
Amadeus Corporation is considering the issue of a new product to be added to its product mix. They hired you, a recent business graduate from MacEwan, for conducting the analysis. The production line...
-
Find the shortest path from Tai to Hani. Use the mathematical modeling graph showing contact tracing for students in a particular class. Hani Luka Javier Nimal Nara Loise Aili Kalina Pasha Justin Tai...
-
Following is the current balance sheet for a local partnership of doctors: The following questions represent independent situations: a. E is going to invest enough money in this partnership to...
-
The following selected accounts appear in Sloan Company's unadjusted trial balance at December 31, the end of its fiscal year (all accounts have normal balances). Required a. Prepare Sloan Company's...
-
How many postings to Fees Earned for the month would be needed in Eye Opener 3 if the procedure described in (a) Had been used; if the procedure described in (b) Had been used?
-
How many postings to Fees Earned for the month would be needed in Eye Opener 3 if the procedure described in (a) Had been used; if the procedure described in (b) Had been used?
-
During the current month, the following errors occurred in recording transactions in the purchases journal or in posting from it. a. An invoice for $1,875 of supplies from Kelly Co. was recorded as...
-
Assignment Title: The Role of Bookkeeping in Business Management and Financial Reporting Objective: Understand the importance of proper bookkeeping procedures in the management of...
-
17) The adjustment that is made to allocate the cost of a building over its expected life is called:A) depreciation expense.B) residual value.C) accumulated depreciation.D) None of the above answers...
-
9) Prepaid Rent is considered to be a(n):A) liability.B) asset.C) contra-asset.D) expense.10) As Prepaid Rent is used, it becomes a(n):A) liability.B) expense. C) contra-asset.D) contra-revenue.11)...
Study smarter with the SolutionInn App