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marin [14]
3 years ago
14

On December 31, the company purchases equipment for $10,000 and pays for the purchase in cash. Complete the necessary journal en

try by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns.
Business
1 answer:
Vladimir [108]3 years ago
7 0

Answer:

Date            General           Debit      Credit

                                                 $             $

Dec 31        Equipment        10000  

                   Cash                                 10000

Following are detail of the posting of equipment purchased

1) The $10,000 will be posted to the debit side of the Equipment Account.

2) The $10,000 will be posted to the credit side of the Cash Account

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jenyasd209 [6]

Answer:

The answer is B

Explanation:

6 0
2 years ago
External processes targeted in competing on analytics consist of:____.A. Human Resource Management.B. Customer Relationship Mana
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B. Customer Relationship Management (CRM).

Explanation:

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4 0
2 years ago
ShipIt Corporation reported the following rounded amounts (in millions): 2016 2015 Accounts Receivable $ 5,435 $ 5,140 Allowance
Nikitich [7]

Answer:

Receivable turnover ratio = 8.1 times

Account receivable days = 44.9 days

Explanation:

<em>Th account receivable days is the  average length of time it takes a business to collect amount due on  account from customers</em>

A<em>ccount receivable ratio = Net sales /Average account receivable</em>

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<em>Average account receivable</em>

= (Receivable at the beginning + Receivable at the end)/2

= ( 4,830+ 5,130)/2

=4980

<em>Note that the accounts receivable balance at the end of 2015 will be the opening balance at the beginning of 2016. The closing balance of 4,830 of 2015 will be the opening balance for 2016</em>

Receivable turnover ratio

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3 0
2 years ago
Interest may be capitalized: Multiple Choice On self-constructed assets from the date an entity formally adopts a plan to build
Mandarinka [93]

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Everyone share their opinion about the recent 2017 Presidential election. I am writing a summary and need some input.
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