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
nadezda [96]
3 years ago
8

A journal in the books of accounts of a company showed that stationery worth $1,500 was purchased by the company in an accountin

g period. Jamie has to post this journal entry into the ledger account. How will he make this posting?
A. debit the cash account and credit the stationery account
B. debit the stationery account and credit the cash account
C. debit the stationery account and credit the company’s account
D. debit the company’s account and credit the cash account

Business
2 answers:
Mars2501 [29]3 years ago
4 0

Answer:

B. debit the stationery account and credit the cash account

Explanation:

Every transaction in business has both credit and debit entries in the general journal. Increase in assets, both current and fixed assets, is always debited while decrease in assets is always credited. Both stationery and cash are company’s fixed and current assets respectively. In this case, there is increase in company’s stationery so we debit stationery account. On the other hand, there is decrease in the company’s cash so we credit the cash account. The correct answer is B  

Natali5045456 [20]3 years ago
3 0

Answer:

It is B.

Explanation:

You might be interested in
Dock Corporation makes two products from a common input. Joint processing costs up to the split-off point total $33,600 a year.
Alex Ar [27]

Answer:The minimum amount is the price that will give a profit of $3700

Explanation:

The minimum amount the company should accept for product X if it's to be sold at the split off point it's maximum amount they will earn as profit if they sales after further procession.

The total cost the company will incur if they process further it's the cost they incurred at the split off point and at further procession which equals ($16,800+$15,000) =$31,800

On sales after procession they will earn a price of $35500 which means a profit of $3700 this means the firm should sale product X at spilt off point for a price that will bring a minimum profit of $3700.

6 0
3 years ago
A customer holds 1,000 shares of ABC stock valued at 80 in a margin account. The debit balance in the account is $35,000. ABC de
Tom [10]

Answer:

C

Explanation:

Reduction of cost basis per share.

When you take a look at some of the rules that IRS has, you see that stock dividends do not get taxsd at the time of receipt. They don't get taxed because, the shareholder does not receive anything from the company, only but a hope on any increased future share price increment or appreciation.

7 0
3 years ago
How many new blogs are being created daily? 120 1200 12000 120000
nikitadnepr [17]
Easily over <span>120000 , I do not think their are any statistic or too accurate sources to go by but it is a estimate.</span><span />
8 0
3 years ago
Read 2 more answers
Employee morale at dos santos, inc., is very high. this type of informtaion is an example of:_______
Ad libitum [116K]

Employee morale at dos Santos, inc., is very high. this type of information is an example of <u>Qualitative Data</u>

<h3>Qualitative data: What are they?</h3>

Information that approximates and characterizes is what qualitative data are. Qualitative information can be observed and recorded. This particular data type is not numerical. This kind of information is gathered using focus groups, one-on-one interviews, observations, and similar techniques. In statistics, categorical data, or information that can be categorized based on the characteristics and traits of an object or phenomena, is often referred to as qualitative data.

It is frequently referred to as categorical data because qualitative data can be categorized.

Imagine a situation where a student reads aloud in class from a section of a book. A teacher who is listening to the reading offers feedback on the passage that the student read. An example of qualitative data is when a teacher gives feedback to a student without deducting points for fluency, intonation, word choice, or pronunciation clarity.

As a result, dos Santos, Inc. has exceptionally high employee morale. This kind of data is an illustration of qualitative data.

For more information on <u>Qualitative Data</u>, refer to the following link:

brainly.com/question/12929865

#SPJ4

3 0
1 year ago
Kaspar Industries expects credit sales for January, February, and March to be $202,100, $264,200, and $319,300, respectively. It
Wittaler [7]

Answer:

January $151,575

February $248,675

March $305,525

Explanation:

The computation of the cash collections is shown below:

January month

= January credit sales × month of sale collection percentage

= $202,100 × 75%

= $151,575

February month

= January credit sales × following month collection percentage + February credit sales  × month of sale collection percentage

= $202,100 × 25% + $264,200 × 75%

= $50,525 + $198,150

= $248,675

March month

= February credit sales × following month collection percentage + February credit sales  × month of sale collection percentage

=  $264,200 × 25%+ $319,300 × 75%

= $66,050 + $239,475

= $305,525

3 0
3 years ago
Other questions:
  • Kansas Company acquired a building valued at $162,000 for property tax purposes in exchange for 12,000 shares of its $3 par comm
    15·1 answer
  • "marketing personnel and product designers must work closely with operations to successfully develop and produce new products be
    15·1 answer
  • If fixed costs are $256,000, the unit selling price is $38, and the unit variable costs are $22, what are the old and new break-
    12·2 answers
  • The policy of striking a nation that you fear might be contemplating hostile actions is called _______
    13·1 answer
  • Rosenthal company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the uretha
    7·1 answer
  • The type of interest earned on a deposit account that is calculated on both the principal deposit
    11·1 answer
  • A 20-year maturity, 7.6% coupon bond paying coupons semiannually is callable in seven years at a call price of $1,170. The bond
    14·1 answer
  • You can save up money to pay for the computer later, or you can use a credit card to pay for it now.
    14·2 answers
  • You have been hired as a research assistant and are given the following data.
    7·1 answer
  • During 2020, Starnes Corporation developed a patent. Starnes incurred the following costs related to the development of the pate
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!