FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLEASE EXPLAIN THESE 2 QUESTIONS Question 4 New Growth greenhouse purchases 500 watering cans for $1,500 plus 13% HST for a total of $1,695. In

image text in transcribed

image text in transcribedPLEASE EXPLAIN THESE 2 QUESTIONS

Question 4 New Growth greenhouse purchases 500 watering cans for $1,500 plus 13\% HST for a total of $1,695. In the spring New Growth sells these watering cans for $4,000 plus HST for a total of $4,520. What is the journal entry to record the sale of the watering cans

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Corporate Financial Accounting

Corporate Financial Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

13th edition

1285868781, 978-1285868783

More Books

Students also viewed these Accounting questions

Question

★★★★★
Suppose that Marthas income rises to $42,000 per year, and that she increases her consumption of health care visits by fi ve visits. Using the graphs for Exercise 1, draw the new equilibrium. What is...

Answered: 1 week ago

Question

★★★★★
How many Barr bodies would you expect to find in humans with the following abnormal compositions of sex chromosomes? A. XXY B. XYY C. XXX D. XO (a person with just a single X chromosome)

Answered: 1 week ago

Question

★★★★★
please help fast, thank you Tyare Corporation had the following inventory balances at the beginning and end of May May 1 May 30 Raw materials $30,000 $39,000 Finished Goods $79,500 $75,000 Work in...

Answered: 1 week ago

Question

★★★★★
Review secondary sources to get an overview of your topic.

Answered: 1 week ago

Question

★★★★★
On May 1, 2012, Noah Unlimited issues 9%, 20-year bonds payable with a maturity value of $200,000. The bonds sell at 103 and pay interest on May 1 and November 1. Noah Unlimited amortizes bond...

Answered: 1 week ago

Question

★★★★★
Which of the following refers to the structured and methodical means of investigating, identifying, attacking, and reporting on a target system's strengths and vulnerabilities?

Answered: 1 week ago

Question

★★★★★
Lexi Belcher picked up the monthly report that Irvin Santamaria left on her desk. She smiled as her eyes went straight to the bottom line of the report and saw the favorable variance for operating...

Answered: 1 week ago

Question

★★★★★
Indicate whether each of the following expenditure items should be classified as a function (F), organization unit (OU), activity (A), character (C), or object (O). Answer is complete and correct....

Answered: 1 week ago

Question

★★★★★
You recently attended an industry conference. While there, you met up with a friend Roni, who works for a competitor. During a break, Roni implies that if you could get your company to charge for a...

Answered: 1 week ago

Question

★★★★★
Consider a firm with an EBITDA of $1,100,000 and an EBIT of $1,000,000. The firm finances its assets with $4,550,000 debt (costing 8.3 percent, all of which is tax deductible) and 203,000 shares of...

Answered: 1 week ago

Question

★★★★★
Control: On a monthly basis, the financial analyst performs the reconciliation of the AR subledger system to the general ledger. All reconciling items in excess of US$15,000 are investigated and...

Answered: 1 week ago

Question

★★★★★
TB Problem Qu. 9-402 (Static) Hislop Tech is a for-profit vocational... Hislop Tech is a for-profit vocational school. The school bases its budgets on two measures of activity (i.e., cost drivers),...

Answered: 1 week ago

Question

★★★★★
U P PS SM Relaunch.jsp?course_assessment_id = 377562_18_course_id=_528393_18.content id= 103 Remaining Time: 4 hours, 01 minute, 58 seconds. Question Completion Status: QUESTION 38 5 poi A 7-year,...

Answered: 1 week ago

Question

★★★★★
A police officer pulls you over and asks to search your vehicle because he suspects you have illegal drugs inside your car. Since he doesn't have reasonable suspicion to search your car, legally he...

Answered: 1 week ago

Question

★★★★★
Define the terms market positioning and market segmentation.

Answered: 1 week ago

Question

★★★★★
Describe the process and importance of market positioning.

Answered: 1 week ago

Question

★★★★★
Outline the major elements of the marketing mix.

Answered: 1 week ago

Previous Question Next Question