Sandren & Co. purchased inventory on credit from Acto Supply Co. for $4,000. Sandren & Co. would
Question:
Sandren & Co. purchased inventory on credit from Acto Supply Co. for $4,000. Sandren & Co. would record this transaction in the ________.
A. General journal
B. Cash receipts journal
C. Cash disbursements journal
D. Purchases journal
E. Sales journal
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
Business transactions are recorded in journals Journal are two types Speci...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted:
Students also viewed these Business questions
-
Record this transaction in the planet Giedi Primes balance of payments account. The House Karkonnen of the planet Giedi Prime pays one million solaris for a crysknife from the planet Arrakis. Answer:...
-
Formica purchases inventory on credit from a large number of suppliers. The company maintains a purchases ledger control account as an integral part of its double-entry system and in addition...
-
Reeds Appliances purchased $50,000 in inventory on credit from Whirlpool, with Whirlpool taking a security interest in Reeds inventory on May 1, 2019. Whirlpool recorded a financing statement on May...
-
An average of three small businesses go bankrupt each month. What is the probability that five small businesses will go bankrupt in a certain month?
-
Another way to obtain start-up financing is through people to people loan sites such as Prosper.com. How do these work? List the advantages and disadvantages of using this form of financing.
-
ABC Corporation intends to set up a new business unit; they are in the process of identifying their current assets and liabilities. Classify the following items into the one of these categories:...
-
If the liabilities are $4,000,000 and the owners equity is $1,200,000, what are the assets worth? LO.1
-
Three different companies each purchased a machine on January 1, 2013, for $64,000. Each machine was expected to last five years or 200,000 hours. Salvage value was estimated to be $4,000. All three...
-
e commerce JIS QUESTION 14 Which of the following is not a reason that businesses are interested in search engine optimization? High search engine rankings create unique learning opportunities for...
-
Subpump Limited is an active business corporation owned 100% by George Simpson, who has been attempting to sell the company for several years and have recently received an offer from a serious buyer....
-
Can a sales journal be used to record sales on account and a cash sale? Why or why not?
-
When should entries from the sales journal be posted?
-
The x86 instruction set includes the REP prefix that causes the instruction to be repeated a given number of times or until a condition is satisfied. Note that x86 instructions refer to 8 bits as a...
-
Use the following information for questions 1 and 2. Caterpillar Financial Services Corp. (a subsidiary of Caterpillar) and Sterling Construction sign a lease agreement dated January 1, 2020, that...
-
Identifying Binomial Distributions. Determine whether the given procedure results in a binomial distribution or a distribution that can be treated as binomial (by applying the 5% guideline for...
-
Case 6: TOMS Shoes in 2016: An Ongoing Dedication to Social Responsibility, by Margaret A. Peteraf, Sean Zhand, and Meghan L. Cooney (page C-57) Read the case and then respond to the case questions...
-
Quatro Co. issues bonds dated January 1, 2019, with a par value of $740,000. The bonds' annual contract rate is 13%, and interest is paid semiannually on June 30 and December 31. The bonds mature in...
-
Wildcat Mining wants to know the appropriate discount rate to use in their capital budgeting decision making process. Based on the following data, what is the weighted average cost of capital the CFO...
-
Evaluate the following integrals. sin 3 x cos 3/2 x dx
-
Find a polar equation for the curve represented by the given Cartesian equation. 4y 2 = x
-
Should higher education be considered a private good, to be paid for by those who benefit from it? Or should it be considered a public good, available as a right to all citizens (like K-12 education)?
-
Should health care be considered a public, private, or common good?
-
If you were responsible for placing an older family member in an assisted living community, would you prefer to select one that is nonprofit or one managed by a for-profit company? Or would it not...
-
Please help me answer all these question one by one. THE COMPANY IS GOING TO BE WALMART (PLEASE DO NOT USE AND PREVIOUS STUDENT ANSWERS) Remember, one-page memo first. search the web for these...
-
keAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Print Item Using the data below for the Ace Guitar Company: 6 A Region Sales B Region $500,000 Cost of goods sold $900,000...
-
please answer both parts Winston Company estimates that total factory overhead for the following year will be $979,200. The company has decided that the basis for applying factory overhead should be...
Study smarter with the SolutionInn App