Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 10, 2024

please prepare the journal for the following transactions A. sell sofa to a customer on credit for $3000 B. Buys $1000 wood for making sofa

please prepare the journal for the following transactions

A. sell sofa to a customer on credit for $3000

B. Buys $1000 wood for making sofa from supplier on account.

c. pays for the wood bought on credit in cash$1000

D. sell sofa for cash $1200

E. pays $500 for employee salaries by cheque.

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

Auditing Basics

Authors: 3G E-Learning

1st Edition

1984624261, 978-1984624260

More Books

Students also viewed these Accounting questions

Question

★★★★★

Figure is an over head view of a thin uniform rod 0.800 m and mass m rotating horizontally at angular speed 20.0 rad/s about an axis through its center. A particle of mass M/3.00 initially attached...

Answered: 1 week ago

Question

★★★★★

For a university, students are the customer. Write a single sentence that could be included in your universitys mission statement to reveal the institutions market and product/service components...

Answered: 1 week ago

Question

★★★★★

43. If X is a normal rv with mean 80 and standard deviation 10, compute the following probabilities by standardizing: a. P(X 100) b. P(X 80) c. P(65 X 100) d. P(70 X) e. P(85 X 95) f. P( 10)

Answered: 1 week ago

Question

★★★★★

The following is partial information for Charleston Companys most recent year of operation. It manufactures lawn mowers and categorizes its operations into two divisions: Bermuda and Midiron....

Answered: 1 week ago

Question

★★★★★

11. Which of the following is NOT typically a tax benefit of a life insurance policy? a. There is no 10% tax penalty for taking withdrawals prior to age 59.5 b. The death benefit proceeds are...

Answered: 1 week ago

Question

★★★★★

Assume you were just offered a $1,000,000 mortgage at a quoted rate of 2.75% and the mortgage calls for equal weekly payments based on a 20-year amortization period. If you were asked to find the...

Answered: 1 week ago

Question

★★★★★

2. Rationalize each denominator. 53 e. 23+4 32 f. 23-5 3. Rationalize each numerator. 3-7 e. 4 23+ 7 f. 5 7. Calculate the slope of the tangent to each curve at the given point or value of x. 2 c. y=...

Answered: 1 week ago

Question

★★★★★

Develop a causal circle based on the following: Walmart has been receiving complaints regarding length of time spent waiting in line.

Answered: 1 week ago

Question

★★★★★

What would you consider specific information as opposed to passive information that may only help in a bind, Is there specific information that you would research for?

Answered: 1 week ago

Question

★★★★★

2.2. Choose a mineral as an example (eg. copper) and briefly describe how the following factors may influence the quantity of this mineral that will be demanded: 2.2.1. Price of the mineral (2)...

Answered: 1 week ago

Question

★★★★★

Do you find overt use of group-specific symbols/language offensive or exploitative?

Answered: 1 week ago

Question

★★★★★

Identify three uses of the pause when presenting your message to an audience. (Objective 2)

Answered: 1 week ago

Question

★★★★★

Explain how physical appearance can affect written and oral messages.What messages might be sent by (a) a coworker wearing jeans and a T-shirt to present an idea for a marketing campaign for a new...

Answered: 1 week ago

Question

★★★★★

Identify three internal stimuli and three external stimuli that have prevented you from being an effective listener in the past. (Objective 3)

Answered: 1 week ago

Previous Question Next Question