In 2018, the internal auditors of development technologies, inc., discovered that a $5.9 million purchase of merchandise in 2018 was recorded in 2017 instead. the physical inventory count at the end of 2017 was correct. assume the company uses a periodic inventory system. required: prepare the journal entry needed in 2018 to correct the error. (ignore income taxes.) (enter your answers in millions rounded to 1 decimal place (i. e., 5,500,000 should be entered as 5.5). if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)no event general journal debit credit1 1 miscellaneous expense 5.9 1 no journal entry required5. note the journal entries are not retained earnings or inventory, the system says it is wrong.
Answers: 1
Business, 22.06.2019 02:20
Larissa has also provided the following information. during the year, the company raised $36 million in new long-term debt and retired $20.52 million in long-term debt. the company also sold $22 million in new stock and repurchased $32.4 million. the company purchased $54 million in fixed assets, and sold $6,107,400 in fixed assets. larissa has asked dan to prepare the financial statement of cash flows and the accounting statement of cash flows. she has also asked you to answer the following questions: 1. how would you describe east coast yachts' cash flows? 2. which cash flows statement more accurately describes the cash flows at the company? 3. in light of your previous answers, comment on larissa's expansion plans.
Answers: 2
Business, 22.06.2019 02:40
Which critical success factor improves with reduced cycle time, better quality standards, and improved efficiency when an is is implemented?
Answers: 3
Business, 22.06.2019 20:00
Experienced problem solvers always consider both the value and units of their answer to a problem. why?
Answers: 3
Business, 22.06.2019 21:30
The adjusted trial balance for china tea company at december 31, 2018, is presented below:
Answers: 1
In 2018, the internal auditors of development technologies, inc., discovered that a $5.9 million pur...
Mathematics, 28.01.2020 23:04
History, 28.01.2020 23:04
Mathematics, 28.01.2020 23:04
Mathematics, 28.01.2020 23:04
Social Studies, 28.01.2020 23:04
Mathematics, 28.01.2020 23:04
French, 28.01.2020 23:04
Social Studies, 28.01.2020 23:04
Mathematics, 28.01.2020 23:04
Advanced Placement (AP), 28.01.2020 23:04