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Should be easy, answer question and give a short explanation I give 1 star if you just guess On January 1, Able Company purchased equipment

Should be easy, answer question and give a short explanation

I give 1 star if you just guess

On January 1, Able Company purchased equipment costing $202,200 with an estimated salvage value of $15,800, and an estimated useful life of 8 years. What is the amount that should be recorded as depreciation on December 31?

$27,250
$186,400
$202,200
$23,700
$23,300 A company had revenue of $740,000, rent expense of $119,000, utility expense of $11,900, salary expense of $144,500, depreciation expense of $40,900, advertising expense of $42,100, dividends in the amount of $202,000, and an ending balance in retained earnings of $421,300. What is the beginning retained earnings for the period?
$520,700
$358,400
$241,700
$538,000
$381,600 A company reported total equity of $146,000 on its December 31, 2008, balance sheet. The following information is available for the year ended December 31, 2009:

2009 Revenues $210,000
2009 Expenses 179,000
Liabilities, at December 31, 2009 97,000

What are the total assets of the company at December 31, 2009?
$389,000.
$177,000.
$128,000.
$274,000.
$80,000. Remix Recording Studios purchased $7,500 in electronic components from VisCom. Remix Recording Studios signed a 90-day, 9% promissory note for $7,500. VisCom's journal entry to record the sales portion of the transaction is:
Accounts Receivable 8,175
Sales 8,175
Notes Receivable 8,175
Sales 8,175
Notes Receivable 7,500
Interest Receivable 675
Sales 8,175
Accounts Receivable 7,500
Sales 7,500
Notes Receivable 7,500
Sales 7,500
A company had inventory of 8 units at a cost of $16 each on June 1. On June 2, they purchased 7 units at $17 each. On June 6 they purchased 7 units at $21 each. On June 8, they sold 18 units for $54 each. Using the LIFO perpetual inventory method, what was the cost of the 18 units sold?

rev: 05_29_2013_QC_31108
$378.
$355.
$330.
$392.
$251. A company purchased merchandise inventory at a cost of $4,700 with credit terms 2/15, net 45. If the company elects to pay within the discount period, what would be the appropriate journal entry?

rev: 09_26_2011
Accounts payable 4,700
Merchandise inventory 4,700
Accounts payable 4,700
Merchandise inventory 94
Cash 4,606
Merchandise inventory 4,700
Accounts payable 4,700
Accounts payable 4,606
Cash 4,606
Purchase discount 4,606
Accounts payable 4,606

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