{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-05T07:00:34-04:00", "answer_date": "2024-06-05 07:00:34", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2284393", "url": "\/study-help\/questions\/96-the-agreed-cost-of-an-item-to-be-purchased-2284393", "question_creation_date_js": "2024-06-05T07:00:34-04:00", "question_creation_date": "Jun 05, 2024 07:00 AM", "meta_title": "[Solved] 96. The agreed cost of an item to be purc | SolutionInn", "meta_description": "Answer of - 96. The agreed cost of an item to be purchased by a business on credit is $4,000. The applicablecost will be debited t | SolutionInn", "meta_keywords": "96,agreed,cost,item,purchased,business,credit,$4,000,applicablecost,will,debited,advertising", "question_title_h1": "96. The agreed cost of an item to be purchased by a business on credit is $4,000. The applicablecost will be debited to advertising expense.", "question_title": "96. The agreed cost of an item to be purchased by a", "question_title_for_js_snippet": "96 The agreed cost of an item to be purchased by a business on credit is $4,000 The applicablecost will be debited to advertising expense The item is subject to 5 goods and services tax (GST) and 7 provincial sales tax (PST) When this transaction is recorded, what amount will be credited to accounts payable A $4,000B $4,200C $4,240D $4,480 E None of these answers is correct ", "question_description": "
<\/div><\/div><\/div>\"image 96. The agreed cost of an item to be purchased by a business on credit is $4,000. The applicablecost will be debited to advertising expense. The item is subject to 5% goods and services tax (GST) and 7% provincial sales tax (PST). When this transaction is recorded, what amount will be credited to accounts payable? A. $4,000B. $4,200C. $4,240D. $4,480 E. None of these answers is correct.", "transcribed_text": "", "related_book": { "title": "Accounting Principles Part 3", "isbn": "1118306805, 978-1118306802", "edition": "6th Canadian edition Volume 1", "authors": "Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1208.jpg", "uri": "\/textbooks\/accounting-principles-part-3-6th-canadian-edition-volume-1-1208", "see_more_uri": "" }, "free_related_book": { "isbn": "B0BFJH9VFV", "uri": "\/textbooks\/the-real-truth-about-alcohol-1st-edition-979-8353447955-265044", "name": "The Real Truth About Alcohol", "edition": "1st Edition" }, "question_posted": "2024-06-05 07:00:34", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/on-a-warm-day-92-of-an-airfilled-balloon-occupies", "description": "On a warm day (92 oF), an air-filled balloon occupies a volume of and has a pressure of 20.0 lb\/in2. If the balloon is cooled to 32 oF in a refrigerator while its pressure is reduced to 14.7 lb\/in2,...", "stars": 3 }, { "url": "\/study-help\/auditing-risk-based-approach\/analytical-proceduresnbspa-are-used-to-test-controls-and-are-not", "description": "Analytical procedures: (a) Are used to test controls and are not substantive procedures. (b) Are substantive procedures and cannot be used at any other stage of the audit. (c) Are used at planning...", "stars": 3 }, { "url": "\/study-help\/psychology\/what-do-their-students-end-up-doing-when-they-graduate-1980701", "description": "What do their students end up doing when they graduate?", "stars": 3 }, { "url": "\/colt-company-owns-a-machine-that-can-produce-two-specialized", "description": "Colt Company owns a machine that can produce two specialized products. Production time for Product TLX is two units per hour and for Product MTV is five units per hour. The machines capacity is 2,750...", "stars": 3 }, { "url": "\/study-help\/questions\/morie-corporation-is-working-on-its-direct-labor-budget-for-9829163", "description": "Morie Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.75 direct labor-hours. The direct labor rate is $11.80 per direct labor-hour. The...", "stars": 3 }, { "url": "\/study-help\/questions\/cl727-legal-analysis-and-writing-module-11-assignment-brief-answer-4568252", "description": "CL727 LEGAL ANALYSIS AND WRITING Module 11 Assignment: Brief Answer, Analysis, and Conclusion This assignment will be due in Module 11. Your assignment is to write the Brief Answer, Analysis, and...", "stars": 3 }, { "url": "\/study-help\/questions\/beginning-finished-goods-inventory-ending-finished-goods-inventory-cost-of-8019098", "description": "Beginning finished goods inventory Ending finished goods inventory Cost of goods manufactured Overapplied overhead $10,000 $14,000 $52,000 $ 1,000 What is the cost of goods available for sale?...", "stars": 3 }, { "url": "\/study-help\/questions\/a-mural-at-the-zoo-is-made-up-of-14-914540", "description": "A mural at the zoo is made up of 14 equal sections. An artist wants to paint four different animals using 11 of the 14 sections. Complete each fraction below to show one way that the artist can paint...", "stars": 3 }, { "url": "\/study-help\/questions\/suppose-neil-armstrong-decided-to-throw-a-golf-ball-into-5008976", "description": "Suppose Neil Armstrong decided to throw a golf ball into the air while he was standing on the moon and that the height of the golf ball was modeled by the equation below, where s is measured in feet...", "stars": 3 }, { "url": "\/study-help\/questions\/on-january-1-2025-cullumber-issued-740000-of-9-serial-909762", "description": "On January 1, 2025, Cullumber issued $740,000 of 9% serial bonds at par. Semiannual interest is payable on January 1 and July 1 and principal of $74,000 matures each January 1 starting in 2026. The...", "stars": 3 }, { "url": "\/study-help\/questions\/a-100-g-bullet-moves-at-a-constant-speed-of-904448", "description": "A 10.0 g bullet moves at a constant speed of 500.0 m\/s and collides with a 1.50 kg wooden block initially at rest. The surface of the table is frictionless and 70.0 cm above the floor level. After...", "stars": 3 }, { "url": "\/study-help\/questions\/after-executing-of-the-following-assembly-program-what-is-the-902702", "description": "After executing of the following assembly program, what is the final value for Output in hexadecimal form? ORG 100 Load indig Store X Loop, Load X Subt Hundred SkipCond 000 Jump Endloop Load X Add...", "stars": 3 }, { "url": "\/study-help\/questions\/with-a-regular-ira-investments-are-made-using-beforetax-dollars-7107947", "description": "With a Regular IRA, investments are made using before-tax dollars and withdrawals once you retire are taxed.\" True False", "stars": 3 }, { "url": "\/study-help\/small-business-management\/evaluate-the-advantages-and-disadvantages-of-the-six-major-sources-1555907", "description": "Evaluate the advantages and disadvantages of the six major sources of employee recruitment.", "stars": 3 }, { "url": "\/study-help\/small-business-management\/describe-the-four-tools-commonly-used-in-employee-selection-1555906", "description": "Describe the four tools commonly used in employee selection.", "stars": 3 }, { "url": "\/study-help\/small-business-management\/profile-an-effective-sequence-for-disciplining-and-terminating-employees-1555903", "description": "Profile an effective sequence for disciplining and terminating employees.", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/131stingy-corporation-is-expected-have-ebit-of-12m-this-year-2284392", "next": "\/study-help\/questions\/mark-and-alice-had-the-following-incomedividends-from-the-credit-2284394" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "96. The agreed cost of an item to be purchased by a", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/96-the-agreed-cost-of-an-item-to-be-purchased-2284393" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } "1" } }