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21, 22, 23 & 24. pls help on all four Company A purchased computer equipment of $1,000 using a credit card. The journal entry to
21, 22, 23 & 24. pls help on all four
Company A purchased computer equipment of $1,000 using a credit card. The journal entry to record this transaction should include: a. a debit computer expense account of $1,000 b. a credit to accounts payable of $1,000 c. a credit to cash of $1,000 d. a debit to accounts payable of $1,000 Which of the following would be included in the entry to record the replenishment of a petty cash fund? a. a credit to Petty Cash b. a debit to Accounts Receivable c. a credit to Cash d. a credit to Miscellaneous Expense A company reports accounts receivable of $180,000 on its balance sheet. The Allowance for Bad Debts has a credit balance of $20,000. If a specific customer's account with a balance of $8,000 is written off as uncollectible, what is the cash (or net) realizable value of the accounts receivable? a. $160,000 b. $175,000 c. $172,000 d. $200,000 If sales revenue is 630,000, beginning inventory is $180,000, costs of goods purchased is $310,000, and ending inventory is $60,000, what is the cost of goods sold? a. $390,000 b. $450,000 c. $430,000 d. $300,000 Step by Step Solution
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