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2 years ago

Journalize this transaction as if jumpstart paid cash

1 answer:

3 0

The journal entry for the provided transaction is recorded by debiting the office supplies and crediting the cash with equal amounts of $870.

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

A journal entry is an entry passed in the book of the journal to record the financial transactions of a company.

The journal entry is recorded as follows:

Date Particulars Debit Credit

Jan 12 Office supplies 870

Cash 870

(To record the purchase of office supplies in cash)

The complete question should be as follows:

On January 12, JumpStart purchased $870 in office supplies. (a) Journalize the transaction as if JumpStart paid cash.

Therefore, the journal entry is described and recorded as above.

Learn more about the journal entry in the related link:

brainly.com/question/14985188

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Art Company issued 6%, 5 year bonds, with par value of $1,600,000, paying semiannual interest for $1,470,226. The annual market

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Answer:

The correct answer is option (B).

Explanation:

According to the scenario, the given data are as follows:

Bond carrying value = $1,470,226

Rate of interest = 8%

Rate of interest (Semiannual ) = 4%

So, we can calculate the the bond interest expense on the first interest payment by using following formula:

The bond interest expense = Bond carrying value × rate of interest (semiannual)

By putting the value we get

= $1,470,226 × 4%

= $58,809

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4 years ago

The "invisible hand" is

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Answer and Explanation:

b. a concept developed by Adam Smith to describe the virtues of free markets.

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3 years ago

Valley Forge and Metal purchased a truck five years ago for local deliveries. Which one of the following costs related to this t

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The correct option is - 3 ( "Money spent last month repairing a damaged front fender" )

<u>Explanation:</u>

Sunk cost means the cost that has been already incurred in the past and cannot be recovered. This implies that sunk costs should be not be considered in future decision making of the project, because these are the cost that can not be changed with under taking the project or not. The significant aspect about this costs is that they shouldn't be allowed to influence subsequent decisions.

With the theatre ticket example, there's an opportunity to leave the theatre at the intermission and spend the rest of your evening doing something else more enjoyable. If you don't like the play then you might decide to leave, but the sunk cost of the ticket shouldn't influence your decision to stay or leave.

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3 years ago

When it comes to Extended Reality (XR) in business, what fact differentiates Accenture from other companies?.

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The fact that differentiates Accenture from other companies is that its has acquired Microsoft's XR division to create a new platform which will change the way businesses interact.

<h3>What are Extended reality?</h3>

Extended reality relates to an immersive learning technologies such as virtual reality, augmented reality, mixed reality etc

In conclusion, the fact that differentiates Accenture from other companies is that its has acquired Microsoft's XR division to create a new platform which will change the way businesses interact.