subject
Business, 13.03.2020 21:58 username999990

" Rock Castle Construction — Accounting transactions resulting from processing

purchasing and cash disbursement transactions

For each of the following transactions, select the proper accounting entry

from the list provided.

a. Inventory was received but not paid for on a purchase order.

Payment terms were 2% 10, Net 30.

1. DR A/C #12100 Inventory Asset

CR A/C #50100 Cost of Goods Sold

2. DR A/C #12100 Inventory Asset

CR A/C #20000 Accounts Payable

3. DR A/C #50100 Cost of Goods Sold

CR A/C #20000 Accounts Payable

4. DR A/C #12100 Inventory Asset

CR A/C #54300 Job Materials"

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 13:00
Employee engagement is considered a key workplace attitude that can us to understand how an organization is doing. engaged employees can be described as those that "give their all" at work. this activity is important because it will you recognize some of the factors that contribute to, and some of the outcomes of, employee engagement. as a manager, this knowledge will you to foster a work environment where your employees are more engaged. the goal of this exercise is for you to demonstrate your understanding of the factors and outcomes of employee engagement. for each factor listed below, decide whether it is a factor that increases employee engagement, a factor that decreases employee engagement, or an outcome of employee engagement.
Answers: 2
question
Business, 21.06.2019 21:00
Identifying transactions national park tours co. is a travel agency. the nine transactions recorded by national park tours during may 2019, its first month of operations, are indicated in the following t accounts: cash (1) 75,000 (2) 900 (7) 8,150 (3) 1,600 (4) 6,280 (6) 2,700 (9) 2,500 accounts receivable (5) 12,300 (7) 8,150 supplies (2) 900 (8) 660 equipment (3) 8,000 accounts payable (6) 2,700 (3) 6,400 beth worley, capital (1) 75,000 beth worley, drawing (9) 2,500 fees earned (5) 12,300 operating expenses (4) 6,280 (8) 660 indicate for each debit and each credit (a) whether an asset, liability, owner's equity, drawing, revenue, or expense account was affected and (b) whether the account was increased (+) or decreased account debited account credited transaction type effect type effect (1) (2) (3) (4) (5) (6) (7) (8) (9)
Answers: 3
question
Business, 22.06.2019 10:00
Your uncle is considering investing in a new company that will produce high quality stereo speakers. the sales price would be set at 1.5 times the variable cost per unit; the variable cost per unit is estimated to be $75.00; and fixed costs are estimated at $1,200,000. what sales volume would be required to break even, i.e., to have ebit = zero?
Answers: 1
question
Business, 22.06.2019 15:30
For a firm that uses the weighted average method of process costing, which of the following must be true? (a) physical units can be greater than or less than equivalent units. (b) physical units must be equal to equivalent units. (c) equivalent units must be greater than or equal to physical units. (d) physical units must be greater than or equal to equivalent units.
Answers: 1
You know the right answer?
" Rock Castle Construction — Accounting transactions resulting from processing

purchasin...
Questions
question
Mathematics, 19.03.2021 04:40
question
Mathematics, 19.03.2021 04:40
question
Mathematics, 19.03.2021 04:40
question
Mathematics, 19.03.2021 04:40
Questions on the website: 13722362