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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:

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When sales are made in a local Walmart, the sales data is sent to Walmart headquarters where the data are used to build a pictur
meriva

The question is incomplete:

When sales are made in a local Walmart, the sales data is sent to Walmart headquarters where the data are used to build a picture of the buying habits of people who shop at individual Walmarts across the nation. The use of ________ makes this possible.

A) POS systems

B) social shopping

C) e-commerce

D) e-menus

E) direct selling

Answer:

A) POS systems

Explanation:

-POS System refers to the equipment and software that retailers use in their stores to register the sales. This system has the information about the sales, the inventories and CRM.

-Social shopping is a method that is used for online shopping that tries to involve friends in the purchasing experience.

-E-commerce  refers to purchasing and selling goods online.

-E-menus is a system used by restaurants that allows to order food through an electronic device.

-Direct selling refers to selling directly to consumers without using intermediaries.

According to this, the answer is that the use of POS systems makes this possible because these systems have the information from stores like sales and inventory that allows to analize people's buying habits.

5 0
3 years ago
If the cpi is 137 in year y, then it costs _______ in year y to buy the same market basket that cost _______ in the base period.
Alexeev081 [22]
D. $137; $100
The base year cost is $100. 37% of this is $37 so the total cost of the basket of goods is $137.
6 0
3 years ago
Jose wants to be sure he maintains a high credit score as he is planning to buy a new car soon. What should be do to ensure his
jolli1 [7]
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A Open a savings account at the local bank.

B Pay off his credit card balance each month.

C Test drive several cars before deciding which to buy.

D All are things he should do to increase or maintain his credit score.

The answer is D.

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And it makes sense.... if im wrong just comment and tell me.
3 0
3 years ago
Required information Skip to question Information for Pueblo Company follows: Product A Product B Sales Revenue $ 59,000 $ 51,00
Stells [14]

Answer:

$68,852.46

Explanation:

The computation of the break even sales dollars is shown below:

<u>Product Sales variable cost Contribution </u>

A        $59,000    $11,400         $47,600

B             $51,000      $31,500       $19,500

Total       $110,000                         $67,100

Now the break even sales dollars is

= $42,000 ÷ $67,100 ÷ $110,000

= $42,000 ÷ 0.61

= $68,852.46

4 0
3 years ago
Scenario 24-2 The price tag on a golf ball in 1975 read $0.20, and the price tag on a golf ball in 2005 read $2.00. The CPI in 1
zlopas [31]

Answer:

The price of the 1975 golf ball in 2005 is $0.55

Explanation:

In this question, we are asked to calculate the price of a golf ball in the year 2005 which was bought in the year 1975.

Before we begin to answer, we have been seeing CPI, what could this mean?

The term CPI stands for consumer price index. It refers simply to the change in price of a particular goods or services over a specific period of time.

Now, we mathematically propose a solution to the problem as follows;

We identify the following;

CPI in 1975 = 52.3

CPI in 2005 = 191.3

We now calculate the CPI change between the years. This can be done by dividing the CPI in the year 1975 by the CPI in the year 2005. Mathematically;

CPI change between years = CPI IN 1975/ CPI in 2005

= 52.3/191.3

= 0.273

Now, we proceed to calculate the price of the 1975 ball in 2005.

Mathematically;

A 1975 golf ball’s cost in 2005 = CPI change * price of golf ball in 2005

= 0.273 * 2

= $0.55

7 0
3 years ago
Read 2 more answers
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