All categories

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

#SPJ1

You might be interested in

A comparable property sold four months ago for $287,000. If the appropriate adjustment for market conditions is -0.50% per month

Ivan

Answer:

$281,260

Explanation:

Question mentions no compounding takes place here.

So adjusted property value = Value n period ago * [1+ (Adjustment factor * n)]

Adjusted property value = 287000 * [1+(-0.50% * 4)] = 287000 * [1+(-2%)] = 287,000 * 98% = $281,260 --> Answer

6 0

3 years ago

Compute conversion costs given the following data: Direct Materials, $386,100; Direct Labor, $200,100; Factory Overhead, $220,30

zloy xaker [14]

Answer:

Option (A) is correct.

Explanation:

Given that,

Direct Materials = $386,100

Direct Labor = $200,100

Factory Overhead = $220,300 and,

Selling Expenses = $39,500

Conversion costs = Direct labor + factory overhead

= $200,100 + $220,300

= $420,400

Therefore, the conversion costs for the company is $420,400.

8 0

4 years ago

22. Communication that takes place between a manager and employees of other workgroups is called ………… communication.

garri49 [273]

Answer:

xffggyyhh bbhhhhhhhhhgfddf

3 0

4 years ago

Barbara buys the same market basket each week and spends $60 on it. This week Barbara brought $60 to the store but could not buy

Arisa [49]

Answer:

there was inflation

Explanation:

Inflation may be defined as the rise in the price or the increase in the cost of a product or commodities in the market. It is when you pay more price for the same commodity that you have bought it in a less price earlier.

When there is inflation, the price of goods in the market increases.

In the context, Barbara usually buys the same market basket every week at a price of $ 60. But this week she could not buy the market basket even though she had $ 60 with her. This is because the price of the market basket increased this week due to inflation and now cost more than $60. So Barbara could not buy the market basket.

4 0

3 years ago

A rumor is circulating that ridicules a new employee, accusing him of having typos in his latest slide presentation. You overhea

aliina [53]

The step that should taken action of this is to have your co-workers to ask whether if they have an actual evidence of this incident. They should not talk about other employees when they don't even know what the real story behind it and if ever they have anything that they are trouble to, they should seek someone who will be of assistance to them to fix the problem.

3 0

3 years ago