Mullis company sold merchandise on account to a customer for $685, terms n/30. the journal entry to record this sale transaction would be: a. debit sales $685 and credit accounts receivable $685. b. debit accounts receivable $685 and credit cash $685. c. debit accounts receivable $685 and credit sales $685. d. debit cash of $685 and credit accounts receivable $685. e. debit cash of $685 and credit sales $685.
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Business, 22.06.2019 11:10
Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.
Answers: 1
Business, 22.06.2019 11:30
1. regarding general guidelines for the preparation of successful soups, which of the following statements is true? a. thick soups made with starchy vegetables may thin during storage. b. soups should be seasoned throughout the cooking process. c. finish a cream soup well before serving it to moderate the flavor. d. consommés take quite a long time to cool. student c incorrect
Answers: 2
Business, 23.06.2019 01:30
Which of the following is considered part of a country’s infrastructure?
Answers: 3
Mullis company sold merchandise on account to a customer for $685, terms n/30. the journal entry to...
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