Mathematics, 03.05.2020 14:14 jaystarr9395
Record the following selected transactions for January in a two‐column journal. Once you have completed that, answer questions 1 – 5 related to your work.
(a) Earned $7,000 fees; customer will pay later.
(b) Purchased equipment for $45,000, paying $20,000 in cash and the remainder on credit
(c) Paid $3,000 for rent for January.
(d) Purchased $2,500 of supplies on account.
(e) A. Allen $1,000 investment in the company.
(f) Received $7,000 in cash for fees earned previously.
(g) Paid $1,200 to creditors on account.
(h) Paid wages of $6,250.
(i) Received $7,150 from customers on account.
(j) A. Allen withdrawal of $1,750.
2. For part (h), which two accounts are affected
Answers: 3
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Graph red beads cost $1 an ounce and gold beads cost $3 an ounce. juanita wants to purchase a 12-ounce mixture of red and gold beads that she can sell for $2 an ounce. the solution of the system shows the number of beads needed for juanita to break even. x + y = 12, x + 3y = 24 how many ounces of red beads will juanita buy to break even? how many ounces of gold beads will she buy?
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Record the following selected transactions for January in a two‐column journal. Once you have comple...
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