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frutty [35]
3 years ago
10

TTG Landscaping purchased a dump truck for $150,000. In addition, they spent $12,000 in sales tax, $200 to paint the company’s l

ogo on the truck, $900 for a vehicle license, and $2,400 for accident insurance. What is the journal entry they should enter for this transaction?
Business
1 answer:
Darina [25.2K]3 years ago
8 0

Answer:TTG Landscaping Journal $

1.Dump truck Dr 150,000

Sales tax Dr 12,000

Logo. Dr. 200

Vehicle License Dr 900

Accident insurance Dr 2400

Cash. CR. 165,500

Narration. Being cost incurred on Dump truck and additional expenses incurred to make it usable.

2.

Dump truck Dr1 5500

Sales tax Cr 12,000

Logo. Cr. 200 Vehicle License Cr. 900

Accident insurance. CR 2400

Narration. Transfer of additional cost incurred on Dump truck purchase to Dump truck Accounts

The cost of an asset includes the purchase price, tax theron and other cost incurred to make it usable.

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Answer:

Petty Cash

Explanation:

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3 years ago
Fill in the blank: The _________ can help you develop a mission statement that connects with your audience. persona creation pro
hram777 [196]

Answer:

Golden Circle

Explanation:

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According to this, the answer is that the Golden Circle can help you develop a mission statement that connects with your audience because it can help you to develop a message that would attract your target customer and get a position in their mind.

8 0
3 years ago
Suppose that velocity is 3 and the money supply is $600 million. According to the quantity theory of money, nominal output equal
Tamiku [17]

Answer:

$1,800 million

Explanation:

According to the quantity theory of money , velocity = nominal output / money supply

If velocity is 3 and money supply is $600 million, nominal output = $1,800 million .

I hope my answer helps you

3 0
3 years ago
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3 years ago
Kia, a top-level manager in a software firm, is allocating the company's resources to meet the organization's long-term goals. S
lana66690 [7]

Answer:

C. Strategic plan

Explanation:

Strategic planning involves developing a business strategy, method of implementing the business strategy and finally evaluating the business strategy in order to see if it has achieve its goal. It is characterized by strategy formulation, implementation and evaluation. In this case, Kia is contributing to the strategic plan by allocating company's resources to meet the long term goals of the company and defining long term activities, that is, developing a business strategy.

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3 years ago
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