The general journal entries that Alicia Tax Services will make to record this transaction is :Debit Accounts payable, $690; credit Cash, $690.
Based on the information given since Alicia Tax Services paid the amount of $690 to settle an account payable which means that the appropriate journal entry to record the transaction will be:
Debit Accounts payable $690
Credit Cash $690
(To record account payable)
Inconclusion the general journal entries that Alicia Tax Services will make to record this transaction is :Debit Accounts payable, $690; credit Cash, $690.
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Correct Answer : C; High employment and price level stability.
Answer:
B. $2,300.
Explanation:
The computation of the ending inventory using FIFO method is given below:
Since there are 5 diamonds and one is sold
So, the ending inventory units should be
= 5 - 1
= 4
Now the ending inventory be
= 2 × $600 + 2 × $550
= $1,200 + $1,100
= $2,300
Hence, the option b is correct
People can claim his work or inventions as their own.
Answer:
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Explanation:
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