All categories

3 years ago

6. The source document should be written in the

Business

2 answers:

IgorC [24]3 years ago

6 0

Answer:

Explanation:

Question # 6

Answer: C

Doc. No. Column is used to refer to the source document. For example, a document number R1 can be used to indicates that the data is from Receipt No. 1.

Question # 7

Answer: A

As all the transactions were made on June 1, 20.

Question # 8

Answer: C

The debit entries are written on the left side (where the column starts). For visibility, the credit entries are indented more to the right to differentiate them easily.

Question # 9

Answer: A

A debit entry increases an asset or expense account, or decreases a liability or equity account. A credit entry is the opposite of the debit entry. As the amount in cash account increases our assets increases, so we write it in debit column.

Question # 10

Answer: B

Debit entries must equal credit entries for each row of a general journal. Hence, sum (7580) of total entries should be written in both columns.

bogdanovich [222]3 years ago

3 0

9 Letter C 8 c 7 d 6 a 8 b

You might be interested in

on january 1 of year 1, congo express airways issued $3,400,000 of 7% bonds that pay interest semiannually on january 1 and july

alex41 [277]

If the company's December 31, year 1 balance sheet should reflect total liabilities associated with the bond issue (including interest) in the amount of: E. $3,120,000.

<h3>How to find the total liabilities?</h3>

Using this formula to determine the total liabilities

Total liabilities = Bond's issue price + (Amortized discount x 2)

Let plug in the formula

Total liabilities = $3,100,000 + ($10,000 x 2)

Total liabilities =$3,100,000 + $20,000

Total liabilities = $3,120,000

Therefore the correct option is E.

Learn more about Total liabilities here:brainly.com/question/28390357

#SPJ1

7 0

1 year ago

Many foragers like to get the "best bang for their buck", by focusing on resources (such as plant foods) that are easier to acqu

Sonbull [250]

Kool Aid
Its True
124567890

6 0

3 years ago

Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: LOADING.... Thereafter

Tatiana [17]

Answer:

Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: (Click on the following icon in order to copy its contents into a spreadsheet.) 2 3 Year FCF (5 million) 53. 6 66.2 78. 6 4 75. 3 . 5 82.5 After that, the free cash flows are expected to grow at the industry average of 4.4% per year. Using the discounted free cash flow model and a weighted average cost of capital of 13.6% a. Estimate the enterprise value of Heavy Metal. b. If Heavy Metal has no excess cash, debt of $288 million, and 42 million shares outstanding, estimate its share price. a. Estimate the enterprise value of Heavy Metal The enterprise value will be $ million. (Round to two decimal places.) b. If Heavy Metal has no excess cash, debt of $288 million, and 42 million shares outstanding, estimate its share price. price. The stock price per share will be $ (Round to two decimal places.)

Explanation:

5 0

2 years ago

Engineers for The All-Terrain Bike Company have determined that a 15% increase in all inputs will cause a 15% increase in output

Trava [24]

Answer:

the average cost to reduce

Explanation:

In this situation, when The All-terrain Bike Company increases input (capital and labor) and this causes a proportional increase in output, this scenario The All-terrain Bike Company experiences is called a constant returns to scale which gives rise to decreased average costs.

This happens because buying larger quantity of inputs gives rise to a reduced cost of purchase because these things are being bought in bulk.

7 0

3 years ago

Read 2 more answers

Use the following information to answer the next two questions: Q14 and Q15. The Cavallas Co. had the following balances in sele

Annette [7]

Answer:

Debit bad debt with $4,000, and credit Accounts receivable also with $4,000.

Explanation:

New bad written off = Accounts receivable × 4% = $100,000 × 4% = $4,000

The journal entries will be as follows:

<u>Details Dr ($) Cr ($) </u>

Bad debt 4,000

Accounts receivable 4,000

<u><em>Being a bad written off the accounts receivable </em></u>

3 0

3 years ago