Business, 10.09.2019 21:30 jacqueline398

Bird minus kultgenbird−kultgen
corporation experienced four situations for its supplies.
requirement
1.
calculate the amounts that have been left blank for each situation. for situations 1 and 2, journalize the needed transaction. consider each situation separately.
calculate the amounts that have been left blank for each situation.
situation
1
beginning supplies. . . . . . . . . . . . . .
$2,100
purchases of supplies during the year. . . . . .
total amount to account for. . . . . . . . . .
3,400
ending supplies. . . . . . . . . . . . . . .
(990)
supplies expense. . . . . . . . . . . . . .
$2,410
2
$700
600
(600)
3
$600
(300)
$1,800
4
$600
500
1,100
$900
for situations 1 and 2, journalize the needed transaction. consider each situation separately. (record debits first, then credits. exclude explanations from any journalentries.)
record the entry for situation 1 to record the purchase of supplies.
journal entry
accounts
debit
credit
1
for situation 2, make the needed journal entry to record supplies expense.
journal entry
accounts
debit
credit
2
choose from any list or enter any number in the input fields and then continue to the next question.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 21:00

Resources and capabilities, such as interpersonal relations among managers and a firm's culture, that may be costly to imitate because they are beyond the ability of firms to systematically manage and influence are referred to asanswers: socially complex.causally ambiguous.path dependent.the result of unique historical conditions.

Answers: 3

Answer

Business, 22.06.2019 00:00

1tanner invested $135,000 cash along with office equipment valued at $32,400 in the company in exchange for common stock. 2 the company prepaid $7,200 cash for 12 monthsâ€™ rent for office space. (hint: debit prepaid rent for $7,200.) 3 the company made credit purchases for $16,200 in office equipment and $3,240 in office supplies. payment is due within 10 days. 6 the company completed services for a client and immediately received $2,000 cash. 9 the company completed a $10,800 project for a client, who must pay within 30 days. 13 the company paid $19,440 cash to settle the account payable created on april 3. 19 the company paid $6,000 cash for the premium on a 12-month insurance policy. (hint: debit prepaid insurance for $6,000.) 22 the company received $8,640 cash as partial payment for the work completed on april 9. 25 the company completed work for another client for $2,640 on credit. 28 the company paid $6,200 cash in dividends. 29 the company purchased $1,080 of additional office supplies on credit. 30 the company paid $700 cash for this monthâ€™s utility bill. prepare general journal entries to record these transactions. 2. post the journal entries from part 1 to the ledger accounts.

Answers: 2

Answer

Business, 22.06.2019 04:50

Neveready flashlights inc. needs $317,000 to take a cash discount of 3/15, net 70. a banker will loan the money for 55 days at an interest cost of $13,200. a. what is the effective rate on the bank loan? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) b. how much would it cost (in percentage terms) if the firm did not take the cash discount but paid the bill in 70 days instead of 15 days? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) c. should the firm borrow the money to take the discount? no yes d. if the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $317,000? e-1. what would be the effective interest rate in part d if the interest charge for 55 days were $7,200?

Answers: 3

Answer

Business, 22.06.2019 11:30

Leticia has worked for 20 years in the public relations department of a large firm and has been the vice-president for the past ten years. it is unlikely she will ever be promoted to the top executive position in her firm even though she has directed several successful projects and is quite capable. her lack of promotion is an illustration of (a) the "glass ceiling" (b) the "glass elevator" (c) the "mommy track" (d) sexual harassment

Answers: 3

Answer

You know the right answer?

Bird minus kultgenbird−kultgen
corporation experienced four situations for its supplies.
...

Questions