Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 16, 2024

The company obtained from clients an amount of 7,000 dollars in cash. Record this process 1- Cash 7000 Accounts receivable 7000 2- Cash 7000 Accounts

The company obtained from clients an amount of 7,000 dollars in cash. Record this process 1- Cash 7000 Accounts receivable 7000 2- Cash 7000 Accounts payable 7000 3- Creditor accounts 7000 7,000 cash 4- Accounts receivable 7000 7.000 cash

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

2001 Miller Local Government Audits

Authors: Rhett D. Harrell

1st Edition

015607219X, 978-0156072199

More Books

Students also viewed these Accounting questions

Question

★★★★★

You are the production manager for Breakfast Grain Corporation, a manufacturer of four cereal products. The companys best-selling product is Sugaroos, a sugar-coated puffed rice cereal. Yesterday,...

Answered: 1 week ago

Question

★★★★★

The following readings are taken from the results of an open- and a short-circuit test on a 5000-kW, 4160-V, three-phase, four-pole, 1800-rpm synchronous motor driven at rated speed: The armature...

Answered: 1 week ago

Question

★★★★★

A family of pdf's that has been used to approximate the dis- tribution of income, city population size, and size of firms is the Pareto family. The family has two parameters, k and

Answered: 1 week ago

Question

★★★★★

Rons, Inc.s inventory records for a particular development program show the following at May 31: At May 31, 10 of these programs are on hand. Journalize for Rons: 1. Total May purchases in one...

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

List three ways in which caching can be used to speed up Web server performance: Through web server configuration files (httpd.conf)

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

★★★★★

Using the Porter's Five Forces Industry Analysis Framework, discuss your company's industry structure. Why do you think some companies in poorly performing industries do very well?

Answered: 1 week ago

Question

★★★★★

What is the value of information systems? Discuss your opinion on the value of information systems and how you can make that value transparent

Answered: 1 week ago

Question

★★★★★

(Appendices) SALES RETURNS. Swan and Bloom, Inc., is a wholesaler of novelty items to small stores. All sales are on credit with no discount offered. During March, Swan and Bloom accepted the...

Answered: 1 week ago

Question

★★★★★

(Appendices) ACCOUNTS RECEIVABLE TURNOVER. A recent annual report for Gerber Products Company shows credit sales for the year of approximately $1,269 million and average accounts receivable of...

Answered: 1 week ago

Question

★★★★★

(Appendices) FINANCIAL ANALYSIS OF RECEIVABLES. A chain of retail stores located in Kansas and Nebraska has requested a loan from First Chicago. The balance sheet of the retail chain shows...

Answered: 1 week ago

Previous Question Next Question