Question
Which one of the following journal entry is required to record $1,000 transfer of funds to petty cash? Cash Dr. $1,000 Petty cash Cr. $1,000
Which one of the following journal entry is required to record $1,000 transfer of funds to petty cash?
- Cash Dr. $1,000
Petty cash Cr. $1,000
- Petty Cash Dr. $1,000
Cash Cr. $1,000
- Cash Dr. $1,000
Sales revenue Cr. $1,000
- Postage expense Dr. $1,000
Cash Cr. $1,000
KK Co. has income before income tax of $400,000. It has a gain of $150,000 from a discontinued operation. Assuming a 30 percent income tax rate, the amount of net income would be:
- 385,000
- 550,000
- 400,000
- 150,000
A company has net sales of $20,000 during a particular period of time. How much will be the account receivable turnover if average trade receivables are $2,500?
- 9 times
- 10 times
- 7 times
- 8 times
Which one of the following journal entry is required to record $1,000 transfer of funds to petty cash?
- Cash Dr. $1,000
Petty cash Cr. $1,000
- Petty Cash Dr. $1,000
Cash Cr. $1,000
- Cash Dr. $1,000
Sales revenue Cr. $1,000
- Postage expense Dr. $1,000
Cash Cr. $1,000
KK Co. has income before income tax of $400,000. It has a gain of $150,000 from a discontinued operation. Assuming a 30 percent income tax rate, the amount of net income would be:
- 385,000
- 550,000
- 400,000
- 150,000
A company has net sales of $20,000 during a particular period of time. How much will be the account receivable turnover if average trade receivables are $2,500?
- 9 times
- 10 times
- 7 times
- 8 times
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Physics
Authors: James S. Walker
5th edition
978-0133498493, 9780321909107, 133498492, 0321909100, 978-0321976444
