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shusha [124]
2 years ago
9

Your client has recorded a bill for $100 in quickbooks online for some supplies they bought from walmart. when reviewing their b

ank feed, you see an item for $100 paid to walmart dated the same as the bill transaction. which action should you take
Business
1 answer:
allochka39001 [22]2 years ago
3 0

As an accountant, the bill of $100 for supplied bought from Walmart shall be verified, and a journal entry shall be made where the Supplies and Inventories shall be debited, and cash shall be credited.

<h3>What is a journal entry?</h3>

A systematic manner of recording the financial transactions of an organization in a chronological way, for the purpose of maintenance of accounting records, is known as a journal entry.

In case when an organization purchases inventories or supplies for cash payment, it is an expense for them, and thus it supplies balance is debited and cash balance will be credited.

Hence, the significance of journal entry for the given transaction shall be made in the manner as given above.

Learn more about a journal entry here:

brainly.com/question/20421012

#SPJ1

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You want to know if part time employees become more or less happy with their employment over time. Thus, you give a questionnair
Y_Kistochka [10]

Answer:

:Two students made stem-and-leaf plots for the following data: 530, 545, 550, 555,560, 570. Which is incorrect? Explain the error.

(2 Points)

A; there is no stem for 56.

B; there are no leaves for 55.

Explanation

3 0
3 years ago
When a firm is given monopoly power, it loses its freedom of contract, and a governmental body is given the power to determine t
Pani-rosa [81]

Answer:

The government agency is providing basic and/or essential services that further deepen the interests of members of the public

Explanation:

The assertion that a firm with a monopoly power loses it freedom of contract is very true. Monopolies by its realities come with features that ultimately cater for the interests of the firm, instead of the consumers. One of these is charging an astronomical high price on a particular item of commodity, and not taking cognizance of the purchasing power of the public. A firm could to this, and ultimately get away because its the only delivering such services - the one with the enormous monopoly power. Here, there is no stiff competition among goods that may offer liberty of choices to ordinary consumers.

To mitigate these numerous power of monopolies, governmental body has been giving the power to regulate and maintain an oversight functions. They now determine the provisions of contracts. The main objective of government agency, thus, is to ensure a firm with a monopoly power considers the basic and essential interests of the members of the public - the end users. Here, members of the public are insulated from unnecesary exploitation by the monopolies.

7 0
3 years ago
You have data showing demand for plumbing services rising for each of the last five years. This would best be displayed on a:
Andrew [12]

Answer:

Line gray

Explanation:

6 0
3 years ago
Ashish comes to work looking exhausted almost every day. He is a new father and the baby is not sleeping well. James, his manage
morpeh [17]

The given statement is True.

Ashish agrees without putting up much fight. James takes advantage of the fact that Ashish is sleep deprived and will be more likely to engage in unethical behavior.

Explanation:

Ethics are the rules, regulations, principles, that govern a person's behavior or affect how people conduct an activity.

Ethics are something that will be evaluated on the basis of either right or wrong. If a person chooses something which is right, he is exercising ethics.

So when James takes advantage of Ashis's sleep deprivation and forced him to do something which is not right, then this is an unethical behavior. But not only James is engaged in unethical practice, Ashish is also responsible for this unethical conduct, because he should have fought for the right, rather than accepting the James's order because of his sleep deprivation and avoid indulging in a conflict with him.

Learn more about Ethics at

brainly.com/question/2222369

#LearnWithBrainly

8 0
3 years ago
Pharoah Company reported net income of $1.30 million in 2022. Depreciation for the year was $208,000, accounts receivable decrea
Jet001 [13]

Answer:

Net cash flow from operating activities

$1,599,000

Explanation:

Pharoah Company

Cash flow from operating activities :

Net income $1,300,000

Net Cash flow from operating activities:

Add depreciation $208,000

Add accounts receivable decreased $455,000

Less accounts payable decreased ($364,000)

Net cash flow from operating activities $1,599,000

7 0
3 years ago
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