Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 03, 2024

Saeed started business with cash $400,000, stock $170,000 and furniture $30,000, the journal entry will be 17 100 CH Dri 0000 Dr. Cash 7OOOO Dr.

Saeed started business with cash $400,000, stock $170,000 and furniture $30,000, the journal entry will be 17 100 CH Dri 0000 Dr. Cash 7OOOO Dr. Stock 3.0 Dr. Furniture Ch Capital

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

=+16.7. 17.8. Show that (1 + y2)-1 has equal integrals over (-0, - 1), (-1, 0), (0, 1), (1, 00). Conclude from (17.9) that [J'(1 + y2)=1 dy = 1/4. Expand the integrand in a geometric series and...

Answered: 1 week ago

Question

★★★★★

On October 1, Eder Fabrication borrowed $60 million and issued a nine-month promissory note. Interest was discounted at issuance at a 12% discount rate. Prepare the journal entry for the issuance of...

Answered: 1 week ago

Question

★★★★★

At an interest rate of 8%, what comes closest to the amount of time it takes for a deposit of $7,599 to double in value? a. 3.25 years b. 2.56 years c. 8.02 years d. 1.56 years e. 9.01 years

Answered: 1 week ago

Question

★★★★★

Syed's Industries has accounts receivable of $700, inventory of $1,200, sales of $4,200, and cost of goods sold of $3,400. How long does it take Syed's to both sell its inventory and then collect the...

Answered: 1 week ago

Question

★★★★★

Baleen Company supplied the following data at the end of the current year: Sales commissions $12,000 Sales revenue 120,000 Research and development 17,000 Finished goods inventory, Jan. 1 7,500...

Answered: 1 week ago

Question

★★★★★

The U.S. Department of Agriculture urges the use of process costing together with: Multiple Choice None of these answers are correct. Standard costing. Activity-based costing. Normal costing....

Answered: 1 week ago

Question

★★★★★

Campbell Electronics currently produces the shipping containers it uses to deliver the electronics products it sells. The monthly cost of producing 9,300 containers follows. Unit-level materials...

Answered: 1 week ago

Question

★★★★★

Identify the shape of the distribution in the figure below. 0.35 0.3 0.25 0.2 0.15 0.1 0.05 0 Select one: O Skewed left Symmetric O Approximately bell shaped O Skewed right

Answered: 1 week ago

Question

★★★★★

Virtual reality is a form of technology that the textbook highlighted has shown to been effective in the area of self-regulation with: Group of answer choices ASD- Autism Spectrum Disorders Eating...

Answered: 1 week ago

Previous Question Next Question