Business, 05.03.2020 11:01 destineyburger2
Analyze the following transactions as to their effect on the accounting equation. The company paid $725 to a vendor for supplies purchased previously on account. The company performed $850 of services and billed the customer. The company received a utility bill for $395 and will pay it next month. The owner of the company withdrew $145 of supplies for personal use. The company paid $315 in salaries to its employees. The company collected $730 of cash from its customers on account. Some of the possible effects of a transaction on the accounting equation are listed below: Asset, dr.; Asset, cr. Asset, dr.; Owner's Equity, cr. Asset, dr.; Liability, cr. Asset, dr.; Revenue, cr. Liability, dr.; Assets, cr. Drawing, dr.; Asset, cr. Expense, dr.; Assets, cr. Expense, dr.; Liability, cr. Select the appropriate number next to each transaction below: a. The company paid $725 to a vendor for supplies purchased previously on account. b. The company performed $850 of services and billed the customer. c. The company received a utility bill for $395 and will pay it next month. d. The owner of the company withdrew $145 of supplies for personal use. e. The company paid $315 in salaries to its employees. f. The company collected $730 of cash from its customers on account.
Answers: 2
Another question on Business
Business, 21.06.2019 21:00
The price of trade suppose that portugal and sweden both produce rye and wine. portugal's opportunity cost of producing a bottle of wine is 4 bushels of rye while sweden's opportunity cost of producing a bottle of wine is 10 bushels of rye. by comparing the opportunity cost of producing wine in the two countries, you can tell thatportugal/sweden has a comparative advantage in the production of wine.andportugal/sweden has a comparative advantage in the production of rye. suppose that portugal and sweden consider trading wine and rye with each other. portugal can gain from specialization and trade as long as it receives more rye for each bottle of wine it exports to sweden. similarly, sweden can gain from trade as long as it receives more bottles of wine for each bushel of rye it exports to portugal. based on your answer to the last question, which of the following prices of trade (that is, price of wine in terms of rye) would allow both sweden and portugal to gain from trade? a. 1 bushels of rye per bottle of wineb. 8 bushels of rye per bottle of winec. 9 bushels of rye per bottle of wined. 3 bushels of rye per bottle of wine
Answers: 3
Business, 22.06.2019 07:40
Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000
Answers: 1
Business, 22.06.2019 10:20
What two things do you consider when evaluating the time value of money
Answers: 1
Business, 22.06.2019 11:20
Money aggregates identify whether each of the following examples belongs in m1 or m2. if an example belongs in both, be sure to check both boxes. example m1 m2 gilberto has a roll of quarters that he just withdrew from the bank to do laundry. lorenzo has $25,000 in a money market account. neha has $8,000 in a two-year certificate of deposit (cd).
Answers: 3
You know the right answer?
Analyze the following transactions as to their effect on the accounting equation. The company paid $...
Questions
Business, 25.07.2019 12:20
History, 25.07.2019 12:20
History, 25.07.2019 12:20
Business, 25.07.2019 12:20
English, 25.07.2019 12:20
Chemistry, 25.07.2019 12:20
