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The last time I posted, I received the answers in a completely different order and answer, so if you haven't solved it before, please do
The last time I posted, I received the answers in a completely different order and answer, so if you haven't solved it before, please do so. I would like to know the correct answer. a. Paid $3,000 for a three year insurance policy b. Sold goods on account for $5,000, that cost $4,000 c. Supplies have a balance on the books of $10,000 and upon a physical count, the company has $3,000 remaining. Record the adjusting entry. d. Recorded salaries for $200,000, where $16,000 was withheld for federal income taxes, $2,000 for state income taxes, 6.2% for Social Security, and 1.45% for Medicare e. Received $5,000 for services that will be provided over the next year. f. Purchased inventory for $600 plus freight in of $60. Paid cash. g. Purchased goods for $6,700 with terms of 2/10,n/30
The last time I posted, I received the answers in a completely different order and answer, so if you haven't solved it before, please do so. I would like to know the correct answer.
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