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OleMash [197]
3 years ago
6

Prepare a journal entry for the purchase of office supplies on march 9 for $1,775, paying $275 cash and the remainder on account

Business
1 answer:
Stells [14]3 years ago
6 0
<span>On March 9 office supplies were purchased for a total of $1,775 out of which $275 was paid in cash at the time of purchase with the remainder of $1,500 being added to the account.</span>
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What's the difference between everyday activities and projects
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3 years ago
Variable costs A. are fixed per unit and vary in total as production levels change. B. are fixed in total as production levels c
Bumek [7]

Answer: Option A

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The electricity consumption is fixed per unit, but if the level of production rises the electricity bill also rises as more units will be consumed.

Hence, from the above we can conclude that the right option is A.

8 0
2 years ago
On January 1, Applied Technologies Corporation (ATC) issued $550,000 in bonds that mature in 10 years. The bonds have a stated i
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Answer:

1. $550,000

Explanation:

1. It is given in the question that the stated interest rate and the market interest rate both are having the same rate, i.e, 12%.

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2. The Journal entries are as follows:

(i) On January 1,

Cash A/c      Dr. $550,000

To bonds payable               $550,000

(To record the bond issuance)

(ii) On December 31,

Interest Expense A/c   Dr.   $66,000

To cash A/c                                          $66,000

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Workings:

Interest expense = $550,000 × 12%

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7 0
3 years ago
A difference between the static budget and the flexible budget is called the ________. a. total variance. b. volume variance. c.
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Answer:

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3 years ago
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Answer:

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Explanation:

After action review -

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Complete analysis about the act is done in this process in order to get maximum information possible .

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Hence , from the given information of the question ,

The correct answer is after action review .

7 0
3 years ago
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