{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-09T15:58:37-04:00", "answer_date": "2024-06-09 15:58:37", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2523625", "url": "\/study-help\/questions\/on-2-0-june-melbourne-ltd-acquires-equipment-on-credit-2523625", "question_creation_date_js": "2024-06-09T15:58:37-04:00", "question_creation_date": "Jun 09, 2024 03:58 PM", "meta_title": "[Solved] On 2 0 June, Melbourne Ltd acquires equip | SolutionInn", "meta_description": "Answer of - On 2 0 June, Melbourne Ltd acquires equipment on credit terms from a New Zealand supplier, Queenstown Ltd , for NZ$ 1 | SolutionInn", "meta_keywords": "2,june,melbourne,ltd,acquires,equipment,credit,terms,new,zealand,supplier,queenstown", "question_title_h1": "On 2 0 June, Melbourne Ltd acquires equipment on credit terms from a New Zealand supplier, Queenstown Ltd , for NZ$ 1 8 0 0", "question_title": "On 2 0 June, Melbourne Ltd acquires equipment on credit terms from", "question_title_for_js_snippet": "On 2 0 June, Melbourne Ltd acquires equipment on credit terms from a New Zealand supplier, Queenstown Ltd , for NZ$ 1 8 0 0 0 0 The exchange rate at 2 0 June was NZ$ 1 0 0 A$ 0 8 5 On 3 0 June the exchange rate is NZ$ 1 0 0 A$ 0 8 0 Melbourne Ltd pays Queenstown Ltd in full on 1 4 July when the exchange rate is NZ$ 1 0 0 A$ 0 8 2 A journal entry recorded by Melbourne Ltd for the purchase of the equipment on 2 0 June is Question 3 Select one Dr Equipment A$ 1 4 7 6 0 0 Cr Payable to Dunedin Ltd A$ 1 4 7 6 0 0 Dr Equipment A$ 1 5 3 0 0 0 Cr Payable to Dunedin Ltd A$ 1 5 3 0 0 0 Dr Equipment A$ 1 8 0 0 0 0 Cr Cash A$ 1 8 0 0 0 0 Dr Equipment A$ 1 4 4 0 0 0 Cr Payable to Dunedin Ltd A$ 1 4 4 0 0 0", "question_description": "
On <\/span>2<\/mn>0<\/mn><\/mrow><\/math> June, Melbourne Ltd acquires equipment on credit terms from a New Zealand supplier, Queenstown Ltd<\/span>,<\/mo><\/mrow><\/math> for NZ$<\/span>1<\/mn>8<\/mn>0<\/mn><\/mtext>0<\/mn>0<\/mn>0<\/mn>.<\/mo><\/mrow><\/math> The exchange rate at <\/span>2<\/mn>0<\/mn><\/mrow><\/math> June was NZ$<\/span>1<\/mn>.<\/mn>0<\/mn>0<\/mn><\/mtext>=<\/mo><\/mrow><\/math> A$<\/span>0<\/mn>.<\/mn>8<\/mn>5<\/mn>.<\/mo><\/mrow><\/math> On <\/span>3<\/mn>0<\/mn><\/mrow><\/math> June the exchange rate is NZ$<\/span>1<\/mn>.<\/mn>0<\/mn>0<\/mn><\/mtext>=<\/mo><\/mrow><\/math> A$<\/span>0<\/mn>.<\/mn>8<\/mn>0<\/mn>.<\/mo><\/mrow><\/math> Melbourne Ltd pays Queenstown Ltd in full on <\/span>1<\/mn>4<\/mn><\/mrow><\/math> July when the exchange rate is NZ$<\/span>1<\/mn>.<\/mn>0<\/mn>0<\/mn><\/mtext>=<\/mo><\/mrow><\/math> A$<\/span>0<\/mn>.<\/mn>8<\/mn>2<\/mn>.<\/mo><\/mrow><\/math> <\/div>
<\/div>
A journal entry recorded by Melbourne Ltd for the purchase of the equipment on <\/span>2<\/mn>0<\/mn><\/mrow><\/math> June is:<\/span> <\/div>
<\/div>
Question <\/span>3<\/mn><\/mrow><\/math>Select one:<\/span> <\/div>
<\/div>
Dr Equipment A$<\/span>1<\/mn>4<\/mn>7<\/mn><\/mtext>6<\/mn>0<\/mn>0<\/mn><\/mrow><\/math>; Cr Payable to Dunedin Ltd A$<\/span>1<\/mn>4<\/mn>7<\/mn><\/mtext>6<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> <\/div>
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<\/div>
Dr Equipment A$<\/span>1<\/mn>5<\/mn>3<\/mn><\/mtext>0<\/mn>0<\/mn>0<\/mn><\/mrow><\/math>; Cr Payable to Dunedin Ltd A$<\/span>1<\/mn>5<\/mn>3<\/mn><\/mtext>0<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> <\/div>
<\/div>
<\/div>
Dr Equipment A$<\/span>1<\/mn>8<\/mn>0<\/mn><\/mtext>0<\/mn>0<\/mn>0<\/mn><\/mrow><\/math>; Cr Cash A$<\/span>1<\/mn>8<\/mn>0<\/mn><\/mtext>0<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> <\/div>
<\/div>
<\/div>
Dr Equipment A$<\/span>1<\/mn>4<\/mn>4<\/mn><\/mtext>0<\/mn>0<\/mn>0<\/mn><\/mrow><\/math>; Cr Payable to Dunedin Ltd A$<\/span>1<\/mn>4<\/mn>4<\/mn><\/mtext>0<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> <\/div>
<\/div><\/span> <\/div><\/div>", "transcribed_text": "", "related_book": { "title": "Managerial Accounting Tools for business decision making", "isbn": "470506954, 471345881, 978-0470506950, 9780471345886, 978-0470477144", "edition": "5th edition", "authors": "Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/144.jpg", "uri": "\/textbooks\/managerial-accounting-tools-for-business-decision-making-5th-edition-144", "see_more_uri": "" }, "free_related_book": { "isbn": "0913372366", "uri": "\/textbooks\/folklore-and-the-sea-1st-edition-978-0913372364-112765", "name": "Folklore And The Sea", "edition": "1st Edition" }, "question_posted": "2024-06-09 15:58:37", "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": "\/what-is-the-velocity-of-an-electron-which-has-a", "description": "What is the velocity of an electron which has a kinetic energy equal to the energy of a photon of wavelength 1nm?", "stars": 3 }, { "url": "\/in-the-presidential-election-of-2000-a-number-of-events", "description": "In the presidential election of 2000, a number of events occurred between the initial vote count of November 7 and the count as certified by the Florida Secretary of State following counting of...", "stars": 3 }, { "url": "\/study-help\/psychology\/2-give-students-a-place-to-keep-their-personal-belongings-1984093", "description": "2. 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