The journal enrry for rhe purchase of invenrory on accounr is: a. Inventory. XXX Accounts Payable. XXX
Question:
The journal enrry for rhe purchase of invenrory on accounr is:
Transcribed Image Text:
a. Inventory. XXX Accounts Payable. XXX b. Accounts Payable................... XXX Inventory. XXX c. Inventory. XXX Accounts Receivable............. XXX d. Inventory.. XXX Cash....... XXX
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Consider a project with a 5 - year life. The initial cost to set up the project is $ 1 0 0 , 0 0 0 . This amount is to be linearly depreciated to zero over the life of the project and there is no...
-
JDC purchased invenrory for $5,000 and also paid a $300 freighr bill. JDC rerurned half the goods to rhe seller and later rook a 2% purchase discounr. Whar is JDC's cost of the inventory rhar ir...
-
Suppose DeFilippo Carering's Invenrory accounr showed a balance of \($10,000\) before the year-end adjustments. The physical count of goods on hand totaled \($9,700.\) To adjusr the accounrs,...
-
Given the following set of slope staking notes: C Sta 51+00 50+00 49+00 L CX 33.4 F 9.1 33.6. F 10.3 35.4 C 5.5 0.0 F 3.5 R C 3.2 X C 4.1 30.2 0.0 20.0 Bases Base for cut=48 ft Base for fill= 40 ft s...
-
A solenoid of length 0.256 m and radius 2.0 cm has 244 turns of wire. What is the magnitude of the magnetic field well inside the solenoid when there is a current of 4.5 A in the wire?
-
Dividend paid by the subsidiary company out of post-acquisition profit is credited to A. Investment account of the holding company; B. Profit and loss account of the holding company C. Capital...
-
The following data are from an experiment designed to investigate the perception of corporate ethical values among individuals specializing in marketing (higher scores indicate higher ethical...
-
The Excel file Credit Risk Data provides information about bank customers who had applied for loans. 6 The data include the purpose of the loan, checking and savings account balances, number of...
-
Cornerstone Exercise 7-23 (Algorithmic) Disposal of an Operating Asset On August 30, Williams Manufacturing Company decided to sell one of its fabricating machines that was 15 years old for $3,810....
-
Suppose a Target store purchases $60,000 of women's sportswear on account from Tommy. Credit terms are 2/10, net 30. Target pays electronically, and Tommy receives the money on the tenth day....
-
The accountant of Lancer Copy Center encountered the following situations while adjusting and closing the books at February 28. Consider each situation independently. a. The accountant failed to make...
-
According to the Sacramento Bee (2 April 1998, p. F5), A 199798 survey of 1027 Americans conducted by the National Sleep Foundation found that 23% of adults say they have fallen asleep at the wheel...
-
Cars traveling from Canada to the United States through the Thousand Islands Border Crossing must stop for US Customs and Immigration. During the stop, each passenger in the car must present a...
-
Gasoline is pumped through a 2 in. sch 40 pipeline upward into an elevated storage tank at $60^{\circ} \mathrm{F}$. An orifice meter is mounted in a vertical section of the line, which uses a DP cell...
-
Change the recurring costs in Problem and Exercise 3 to $40,000 and redo the analysis. Problem and Exercise 3 Assume you are put in charge of launching a new website for a local nonprofit...
-
Ja-San Company was started on January 1,2007, when the owners invested \($160,000\) cash in the business. During 2007, the company earned cash revenues of \($90,000\) and incurred cash expenses of...
-
Write a program using the programming language of your choice to implement the representation you designed for Review Question 3.3. Have your program solve the problem, and have it show on the screen...
-
For information systems projects and initiatives, what would you expect your involvement to be as a business professional?
-
we have to compute the letter grades for a course. The data is a collection of student records stored in a file. Each record consists of a name(up to 20 characters), ID (8 characters), the scores of...
-
which statement is true ? A Elsie sole proprieter purchased a desk for use in he business Elsie may elect to use section 179 deduction toy claim the entire cost of the desk the year placed in service...
-
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below. Ramirez Company installs a computerized manufacturing...
-
Moving the delivery of services from within the organization to a provider outside the organization is referred to as delivery transfer. outcome sourcing. delivery diffusion. outsourcing.
Study smarter with the SolutionInn App