newstropicalcyclone newstropicalcyclone

05-11-2022
Business

Answered

Which journal entry would be made by an accountant for a business for a $1,000 purchase of inventory on 1-August?
A. Inventory Cr 1,000
B. Inventory Dr 1,000
C. Cash Dr 1,000
D. Cash Cr 1,000

Answer :

Other Questions

the following data apply to a unit of inventory: selling price $22 selling cost 2 normal profit margin 5 replacement cost 10 using the lower of cost or market (

using a perpetual inventory system, the entry to record the return from a customer of merchandise sold on account includes a

assume the following information from a schedule of cost of goods manufactured: total manufacturing costs to account for $ 230,000 ending work in process invent

The following are characteristics of what type of economy? Competition to keep prices low and quality high. Profits direct business decisions. Consumers determ

at the end of the previous year, a customer owed chocolates r us $500. on january 31 of the current year, the customer paid $900 total, which included the $500

The following information concerns production in the forging department for november. all direct materials are placed into the process at the beginning of produ

SUMMARY QUESTIONS 1. Yin Qiang is on the point of launching a new plumbing business but urgently needs extra cash to purchase stock. Identify and explain three

current atempt in progress the accounting records of ohm electronics show the following data. beginning inventory 3,000 units at $5 purchases 8,000 units at $7

actual cash value is defined as replacement cost minus depreciation. question 12 options: true false

true or false: high interest rates increase the present value of future cash flow thereby reducing the attractiveness of investment opportunities.