1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Blizzard [7]
3 years ago
11

Timmons Corporation purchases office supplies for $350 cash. How would this transaction be recorded? Multiple Choice Debit Inven

tory $350, credit Cash $350 Debit Cash $350, credit Inventory $350 Debit Supplies $350, credit Cash $350 Debit Cash $350, credit Supplies $350 Incorrect
Business
1 answer:
9966 [12]3 years ago
3 0

Answer:

Debit Supplies $350, credit Cash $350

Explanation:

The journal entry for the purchase of supplies is shown below:

Office supplies A/c Dr               $350

   To Cash A/c                                                      $350

(Being the office supplies are purchased for cash)

Since the office supplies are purchased for cash which means the supplies are increased and the cash balance is decreased.

That's why we debited the supplies account and credited the cash account.

You might be interested in
A student remarks:
inessss [21]

Answer and explanation:

<em>The position of the student is correct</em>. Financial intermediaries are entities participating in a financial transaction that function as a bridge. A financial intermediary helps lenders contact creditors and buyers meet with sellers. In fact, the parties on either side of the transaction do not need to meet at all, thanks to the financial intermediary. Eventually, depositors earn a profit by the interest of the money stored in the financial intermediary.  

The situation explained above is not the same when talking about insurances. Insureds pay a monthly fee for having a policy that provides them with coverage according to the insurance. If the insurance was never used, the money paid by the insured is not given back.

7 0
3 years ago
10 pts and who ever ansers fisrt is brainleist
Nastasia [14]

I think the correct answer would be A.


because when you get any kind of cut the first thing you would want to do is clean it out from any dirt or Bactria.

8 0
3 years ago
Read 2 more answers
True or false: indirect costs should not be pooled unless they share a common cost driver
Pani-rosa [81]
I do believe this statement to be true
5 0
3 years ago
Read 2 more answers
In the context of marketing mix, localization can be adopted by:
defon

Answer:

d. selling products that appear to be locally adapted.

Explanation:

Localization:It refers to products which is locally adapted by the end-users. It is that thing which is easily adapted by the peoples and along with it, it can meet the needs of the people.  

It overall impacts the customer buying behavior which includes their taste and preference, bargaining power, affordability, reasonable price, etc

By going throughout the options, the most correct option is D. So, other options are incorrect.

7 0
3 years ago
Cox Footwear pays a constant annual dividend. Last year, the dividend yield was 3.2 percent when the stock was selling for $35a
marissa [1.9K]

Answer:

The current price of the stock is b. $38.62

Explanation:

Hi, in order to find the current price of the stock, first we need to find the amount paid as a constant dividend, the formula is as follows.

DivYield=\frac{Dividend}{Price}

So, things should look like this

0.032=\frac{Dividend}{35}

Dividend=0.032*35=1.12

So the amount of constant dividend tha this company is paying is $1.12/share

Now we can find the current price using the same equation and solving for "Price",

0.029=\frac{1.12}{Price}

Price=\frac{1.12}{0.029} =38.62

Therefore, the current price of the stock is $38.62, that would be option b.

Best of luck:

7 0
3 years ago
Other questions:
  • Which NIMS Management Characteristic refers to personnel requested through appropriate authorities and established resource mana
    10·1 answer
  • During engine operation, the total distance that a valve opens is called the A. rise. B. stroke. C. duration. D. lift.
    8·2 answers
  • You see a customer who looks as though he/she may be having trouble getting an item off of a shelf. What should you do?
    15·1 answer
  • If a company uses LIFO, a LIFO liquidation causes a company's income taxes to increase:_______
    14·1 answer
  • A project has cash flows of -$119,000, $52,800, $60,200, and $33,100 for years 0 to 3, respectively. The required rate of return
    8·1 answer
  • Sam’s Auto Shop services and repairs a particular brand of foreign automobile. Sam uses oil filters throughout the year. The sho
    5·1 answer
  • National income is other wise called a) Real income b) nominal income c) Gross National product d) money income​
    7·1 answer
  • 2000 dollars is invested in a bank account at an interest rate of 8 percent per year, compounded continuously. Meanwhile, 11000
    12·1 answer
  • GDP is $12 trillion this year in a closed economy. Consumption is $8 trillion and government spending is $2 trillion. Taxes are
    5·1 answer
  • Which activity in the maintenance phase requires that a formal process be established whereby users can submit system change req
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!