Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 22, 2024

1. Cash received from a bank of loan of the business in the amount of P80,000.00 was erroneously credited to A, Capital instead of notes

1. Cash received from a bank of loan of the business in the amount of P80,000.00 was erroneously credited to A, Capital instead of notes payable. WRONG ENTRY CORRECT ENTRY CORRECTING ENTRY Cash P80,00...

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Charles T. Horngren, Walter T. Harrison Jr., M. Suzanne Oliv

9th Edition

130898414, 9780132997379, 978-0130898418, 132997371, 978-0132569309

More Books

Students also viewed these Accounting questions

Question

★★★★★

Based on the information in Problems 9 and 10, what is Ryan and Nicoles liquidity ratio? What is their debt to asset ratio? Comment on each ratio. In Problems 10 Mortgage......... $ 43,500 Car...

Answered: 1 week ago

Question

★★★★★

If A is any matrix, to what is tr (AAT) equal?

Answered: 1 week ago

Question

★★★★★

NASA experiment. A NASA study compared two methods of determining white blood cell counts in laboratory animals. Table 11.5 lists results for 42 paired observations. Calculate DELTA values for each...

Answered: 1 week ago

Question

★★★★★

Anew law proposal is submitted to the parliament of a country. There are n members of the government party, who will all certainly vote in favor of the proposal, m members of the leading opposition...

Answered: 1 week ago

Question

★★★★★

Pro Chemicals uses an automated mixing machine in its Mixing Department to combine three raw materials into a product called Trio. On average, each unit of Trio contains $3 of Material X, $6 of...

Answered: 1 week ago

Question

★★★★★

Kijijo Auctions runs an online auction company. Its end-of-year financial statements indicate the following results. 4.16 points Total assets = $140,089 Dividends = $5,480 Total liabilities = $88,888...

Answered: 1 week ago

Question

★★★★★

These problems come from working Lab 4: What-if Solver/Breakeven/Goal Seek performed in the chapter text. Assessment: 1. Perform the analysis, and take a screenshot of the table following step 10;...

Answered: 1 week ago

Question

★★★★★

A pencil case that weighs 29 grams fall from a desk, it was falling 80 cm and burrows 33 mm into the ground. What is the average force in Newton between the ground and the desk as it sinks? (solve...

Answered: 1 week ago

Question

★★★★★

1. In this question, we will see a technique commonly used in mathematics: comparison. We arcsin(x) da) in two different ways and compare the result. In compute the same quantity: general, this...

Answered: 1 week ago

Question

★★★★★

2.5% budget reduction: Budget used is between 91% and 95% of the budget allocated. 5.0% budget reduction: Budget used is less than 90% of the budget allocated. None: Budget used is greater than 95%...

Answered: 1 week ago

Question

★★★★★

As a member of the design team, I worked on a project to modify electrical switches. The Design Team consists of three members, namely a Coordinator, a Designer, and a Design Analyst. It was my...

Answered: 1 week ago

Question

★★★★★

When designing the distribution channel, one of the decisions we must make is deciding the type of distribution channel to use: direct, some variant of an indirect channel, multichannel, omnichannel....

Answered: 1 week ago

Question

★★★★★

An electronics company purchases a particular component from two sources: "Supplier A" and "Supplier B". The following statistics were gathered by testing a large number of the components to see if...

Answered: 1 week ago

Question

★★★★★

A developer plans to buy a parcel of land and construct an office building on top of it. He narrows his search to two possible lots in adjacent states with convenient access to highways. The expected...

Answered: 1 week ago

Question

★★★★★

Write a while loop that uses an explicit iterator to accomplish the same thing as Exercise 7.3. Exercise 7.3. Write a for-each loop that calls the addInterest method on each BankAccount object in a...

Answered: 1 week ago

Question

★★★★★

A UK MNC earns cash flow (all taxable) of $100 million in the USA.What is its overall tax bill if the rate of tax on profits in both the USA and the UK is 30 per cent and a DTA applies?

Answered: 1 week ago

Question

★★★★★

5 Brighteyes plc manufactures medical and optical equipment for both domestic and export sale. It is investigating the construction of a manufacturing plant in Lastonia, a country in the former...

Answered: 1 week ago

Question

★★★★★

LG4 Understand the different kinds of common stock values.

Answered: 1 week ago

Previous Question Next Question