1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Romashka [77]
3 years ago
13

The following purchase transactions occurred during August for Elegance Catering Service: Aug. 4 Purchased cleaning supplies for

$79, on account from Innovation Supplies. Aug 19 Purchased office equipment for $4,900, on account from Office Warehouse. Aug 23 Purchased cleaning supplies for $209, on account from Rubble Supplies. Record these transactions (in chronological order) in the following purchases journal. If an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required".
Business
1 answer:
PtichkaEL [24]3 years ago
3 0

Answer:

                                                      Debit                     Credit

Aug 4   Cleaning Supplies                79

            Accounts payable                                               79

            (Innovation Supplies)  

Aug 19   Office Equipment                 4900

             Accounts Payable                                         4900

            (Office Warehouse)

Aug 23    Cleaning Supplies               209

                Accounts Payable                                    209

                 ( Rubble Supplies)

Explanation:

You might be interested in
Utica Corporation paid $360,000 to purchase land and a building. An appraisal showed that the land is worth $100,000 and the bui
pashok25 [27]

Answer:

Land        90,000 debit

Building 270,000 debit

   Cash                  360,000 credit

--to record the purchase of land and a building atached to the ground--

Explanation:

To know the values we will calcualte the weights of each concept according to their fair values.

Then, we multiply these weight by the actual amount at which we purchased.

Land           100,000

Building   <u>  300,000   </u>

Total           400,000

land weight: 100,000/400,000 = 25%

buidling weight: 300,000 / 400,000 = 75%

land enter the accounting as 25% of 360,000 = 90,000

building will we posted as 75% of 360,000 = 270,000

5 0
4 years ago
Other things being​ equal, demand is less elastic A. the smaller the percentage of a total budget that a family spends on a good
telo118 [61]

Answer:

The correct answer is letter "D": the more substitutes a good has.

Explanation:

Price elasticity of demand is the result of the relation between changes in price and quantity demanded for a good or service. <em>Price elasticity of demand is calculated dividing the percentage change in quantity demanded by the percentage change in price.</em> If the result is equal to or greater than 1, the demand is elastic. This situation implies a minimum change in price will affect by far the quantity demanded of that good or service.

Thus,<em> products with many substitutes are elastic because a minimal change in their price would represent a large change in quantity demanded since consumers will find similar products that satisfy their needs in the same proportion.</em>

3 0
4 years ago
Sugar Cane Company processes sugar beets into three products. During September, the joint costs of processing were $150,000. Pro
aev [14]

Answer:

The description as per the given question is described below.

Explanation:

The given value is:

Joint costs of processing,

= $150,000

According to the question,

The ratio of sale value will be:

= 40,000:35,000:25,000

= 8:7:5

On adding we get,

= 8+7+5

= 20

hence,

The amount of joint cost allocated to each product will be:

Sugar,

= 150000\times \frac{8}{20}

= 60,000 ($)

Sugar syrup,

= 150000\times \frac{7}{20}

= 52,500 ($)

Fructose syrup,

= 150000\times \frac{5}{20}

= 37,500 ($)

5 0
3 years ago
1. A major controversy that is yet to be resolved about the Medicare Prescription Drug, Improvement and Modernization Act of 200
qaws [65]

Answer:

C. What the program will ultimately cost the federal government

Explanation:

The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 was an attempt to make improvements or amendments to the Social Security Act.  It radically changed the playing field for private plans participating in the Medicare program by substantially raising monthly payment rates in an effort to stabilize the market and reverse the decline in benefit generosity.  It also provided for voluntary prescription drugs under the medicare program.  However, the utilization and cost of the program skyrocketed as soon as the funding source was established.  It has remained unknown what the program will ultimately cost the federal government, no wonder the current administration under Trump wants to turn it upside down.

3 0
3 years ago
In your progress report, you want the Work Completed section to follow your Summary of Costs. To
iren [92.7K]

Answer:

The best way would be over email is the best way to get your report to ...

Explanation:

<h2>MARK ME BRAINLIEST PLZZZZZZZZZZZZZZZZZZZZZZZZZzzzzzzzzzzzzzzzz</h2>
4 0
3 years ago
Other questions:
  • Julie ling worked as a customer service representative in the billing department of novell, inc. when questions arose about ling
    9·1 answer
  • A price at which the demanded quantity is equal to the produced quantity of that product is called the
    14·2 answers
  • President of the United States promises to produce more defense goods without any decreases in the production of other goods. Th
    5·1 answer
  • The office building Donna owned and used for her desk-top publishing business was destroyed by a hurricane. Although the basis o
    15·1 answer
  • The government has recently introduced a marketable permit program for major polluters where one permit gives permission to poll
    6·1 answer
  • Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numb
    12·1 answer
  • Barry Rich is a business major at State U. He will be graduating this year and is planning to start a consulting business. He wi
    7·1 answer
  • 5. In a command economy, poor planning is likely to lead to (1 point)
    15·1 answer
  • Jack wants to earn some extra income his friends suggest that he invest in bonds and stocks. What type of income will James earn
    8·2 answers
  • Use the following information to answer the next question. Total Asset = $40 million Depreciation = $1.0 million. Basic earning
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!