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Svetach [21]
3 years ago
6

Order the following steps in the accounting process that focus on analyzing and recording transactions.

Business
1 answer:
Levart [38]3 years ago
5 0

Answer:

Explanation:

For recording the transactions, the first step is to analyze each transaction from the source documents. After that reporting these transactions in a journal form. After that posting the entries to their respective accounts and then it would help to prepare the trial balance  

The steps are shown below:

1. Analyze each transaction from source documents.

2. Record relevant transactions in a journal.

3. Post journal information to ledger accounts.

4. Prepare and analyze the trial balance.

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Andrew owns land (adjusted basis of $94,400) that he uses in his business. He exchanges the land and $47,200 in cash for a diffe
Inga [223]

Answer:

Andrew did do a proper feasibility study about the land

Explanation: Andrew lots chunk of money  because he gave out his land half of the price he bought it initially. And bought another at a higher price

which is more than the  10,000 dollars

7 0
3 years ago
What would cause the prices to drop
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One criticism of servant leadership is question 6 options: researchers have been unable to reach a consensus on a common definit
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4 0
3 years ago
At the price of $5 per pack of batteries, Duracell sells 10,000 packs of batteries and Energizer sells 15,000 packs of batteries
Verdich [7]

Answer:

28,000

Explanation:

To get this answer you have to assume perfect competition scenario, since in this case supply = demand. In this case:

At $7,5

Energizer sells 16,000 => Supply Energizer = 16,000

Duracell sells 12,000 => Supply Duracell = 12,000

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6 0
3 years ago
Victory Corporation sold 400 shares of treasury stock for $45 per share. The cost for the shares was $35. The entry to record th
Marianna [84]

Answer:The entry to record the sale will include a Credit toPaid in Capital from  treasury stock at $4,000.

Explanation:

Journal entry to record sale of shares

Accounts and explanation          Debit                  Credit

Cash                                        $18,000

Treasury stock                                                      $14,000      

Paid in Capital from Treasury STOCK                  $4,000

Calculation

CASH = Number of  shares x Price per share

= 400 x $45=$18,000

Treasury stock = Number of  shares x Price per share

= 400 x $35=$14,000

Paid In Capital = Cash - Treasury stock= $18,000- $14,000= $4000

6 0
3 years ago
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