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3 years ago

A company purchased office equipment and office supplies on credit from Doug Equipment Company. What is the entry?

Business

1 answer:

weqwewe [10]3 years ago

7 0

Answer:

$ $

Office Equipment 5,000

Office Supplies 10,000

Doug Equipment Company 15,000

15,000 15,000

Explanation:

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Who are angel investors? Give some characteristics and discuss their motivations, etc.

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These are individuals, normally affluent, who inject capital for startups in exchange for ownership equality or convertible debt.

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3 years ago

The position that is in charge of keeping track of how caucus members are planning to vote and communicating leadership position

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3 years ago

Garda purchased $530,000 of merchandise in August and expects to purchase $670,000 in September. Merchandise purchases are paid

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Answer:

$579,000

Explanation:

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3 years ago

In the context of performance management, which term refers to a measure that obtains consistency of results over time?

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Test retest reliability

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1 year ago

Hunt Incorporated sold $209,000 of accounts receivable to Gannon Factors Inc. on a with recourse basis. Gannon assesses a 2% fin

pentagon [3]

Answer:

Dr Cash $190,190

Dr Due from Gannon Factors $14,630

Dr Loss on Sale of Receivables $16,280

Cr Accounts Receivable $209,000

Cr Recourse Liability $12,100

Dr Accounts Receivables $209,000

Cr Due to Customer $14,630

Cr Interest Revenue $4,180

Cr Cash $190,190

Explanation:

Journal entries

Dr Cash $190,190

Dr Due from Gannon Factors $14,630

Dr Loss on Sale of Receivables $16,280

Cr Accounts Receivable $209,000

Cr Recourse Liability $12,100

Dr Accounts Receivables $209,000

Cr Due to Customer $14,630

Cr Interest Revenue $4,180

Cr Cash $190,190

*7% X $209,000 =$14,630

*2% X $209,000 =$4,180+$12,100=$16,280

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3 years ago