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-BARSIC- [3]
3 years ago
10

Jim works in the accounting department at the Kansas Sunflower Corporation, where it is his job to record all transactions into

journals. After completing this task, the next step in the accounting process is to:________________________
Business
1 answer:
luda_lava [24]3 years ago
5 0

Answer:

Post the transaction information to the ledger

Explanation:

Usually there about eight steps in the accounting process. The first two steps are:

1. Identification of transactions.

2. Recording of identified transactions in a Journal

3. Posting into the general ledger

The general ledger provides details of all accounting activities by account enabling the bookkeeper to monitor financial positions and statuses by account.

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A firm that sells goods that it purchases for re-sale is a
MrRissso [65]
The answer to the question above is Re-sellers. not to mention the question above stating that a firm sells goods that is purchased for a re-sale automatically refers to the Re-sellers. The Re-sellers can be a retailer that sells to the end users or sells to other business firms like the whole seller. basically the term Re-seller is a firm that who buys product lesser in the market and sells it with added value.
3 0
3 years ago
The balance sheet of the Algonquin Company reported assets of $50,000, liabilities of $22,000 and common stock of $15,000. Based
nlexa [21]

Answer:

c) $13,000.

Explanation:

Using the accounting equation;

Assets - liabilities = Owners' equity

Owners' equity is usually made up of the common stock and the retained earnings.

Therefore, given;

Assets = $50,000

Liabilities = $22,000

Owners' equity = $50,000 - $22,000

= $28,000

Owners' equity = Retained earnings + common stock

Retained earnings = $28,000 - $15,000

= $13,000

Amount for retained earnings is $13,000.

8 0
3 years ago
Which magazine published the article "The Rise of Crowdsourcing" in 2006?
tensa zangetsu [6.8K]

why would you post on brainly, only to give the answer?

but your right, its b. wired

3 0
3 years ago
Read 2 more answers
On March 15, Viking Office Supply agrees to accept $1,200 in cash along with a $2,800, 60-day, 15 percent note from one of its c
Rzqust [24]

Answer:

Cash debit 1,200

Note Receivable debit 2,800

Account Receivable credit 4,000

Explanation:

The accounting will reflect the receipt of cash and the note at their principal.

The interest of the note will ge accrued with the past of time. Currently no interest was earned, so we don't have to post anything related to the interest of the note.

We just write-off the account receivable of the customer and declare how we settle.

6 0
3 years ago
Ethan considered three important attributes when deciding where he would do his banking: the convenience of the location, hours
sineoko [7]

Answer:

<em>c. evaluative criteria </em>

Explanation:

Evaluative criteria are <em>when a consumer chooses a different product because of factors like value, cost, and functionality from the one they initially had in mind. </em>

It could take a little while for certain consumers to study and explore different goods before they purchase.

While some, just before they purchase, can make the decision automatically.

4 0
3 years ago
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