New research indicates that the ocean could rise in the next 100 years to a meter higher than the current sea level -- which is three times higher than predictions from the UN's Intergovernmental Panel on Climate Change,
Answer:
1,081,000
Explanation:
Here we will use the formula
Material Purchase = Beginning raw material - (Ending raw material + raw material used)
by applying this formula we can calculate Material purchased.
= 547,000 - (610,000+1,018,000)
= 1,081,000
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Answer and Explanation:
The journal entries are shown below:
1. Equipment($45,000 + $2,200 + $700 + $1,000) $48,900
To Accounts payable $47,200 ($45,000 + $2,200)
To Cash $1,700
(Being the equipment is purchased on cash and credit)
Since the equipment is purchased so it would be debited and the other two accounts i.e account payable and the cash is credited
2.Prepaid insurance $900
To Cash $900
(Being the payment is recorded)
Since there is a prepaid insurance and the same is increased in assets so it would be debited and the cash is paid so it would be credited
