Answer and Explanation:
The journal entries are shown below:
On April 5
Inventory Dr $28,600.00
To Accounts payable $28,600.00
(Being purchase of inventory on account is recorded)
On April 6
Inventory Dr $580.00
To Cash $580.00
(Being freight payment is recorded)
On April 7
Equipment Dr $32,000.00
To Accounts payable $32,000.00
(Being purchase of equipment is recorded)
On April 8
Accounts payable Dr $3,500.00
To Inventory $3,500.00
(Being purchase returns is recorded)
On April 15
Accounts payable Dr $25,100.00 ($28,600- $3,500)
To Cash $24,096.00
To Inventory $1,004.00 ($25,100 × 4%)
(Being payment to the supplier is recorded)
Answer:
a very nice qualification a very nice both song
The answer is C) communist ideology because all other are the factors of production except this one.
Answer:
A. Is the same as convergence of accounting standards
Explanation:
Harmonization of accounting standards mean the process of increasing the compatibility of accounting practices by setting bounds for the degree of variations.
The notion of harmonization can be replaced by the concept of convergence.
Harmonization of international accounting standards is an imposition of standards by economically superior countries.
Answer:
$1,500
Explanation:
On the end-of-period spreadsheet, the credit adjustment of $500 is made in the Debit balance of Supplies inventory, which will net off the values and resulted Supplies Inventory value will be $1,500 at the end of the year and it will be reported on the financial statements. $1,500 should be appeared for supplies in the adjusted Trial Balance column.
