All categories

3 years ago

Prepare Journal Entries in a Purchases Journal

Business

1 answer:

kenny6666 [7]3 years ago

8 0

Answer:

Explanation:

DATE Account AccountsPayable OfficeSupplies OtherAccounts

Credited credit debit debit

Apr. 4 Officemate $620 $610 no entry

Apr. 9 Tek Village $2,460 $2,460

Apr. 16Officemate $170 $170 no entry

Apr. 19 Paper to Go $250 $250 no entry

Apr. 30 Total $3,500 $1050 $2,460

b. Total amount posted / credited to accounts payable= $( 620+2,460 + $170 + 250) = $3500

Total amount from and debited from Office supplies = $(610 + 170+ 250) = $1050

What is the April 30 balance of the Officemate Inc. creditor account assuming a zero balance on April 1?

$ __170____ ie $ 610 + 170 - 610( because invoice on April 4th was paid on April 27th.

You might be interested in

________ conflict occurs when an individual perceives incompatible demands from others.

Vikentia [17]

External is the conflict

5 0

3 years ago

Dmitri recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps local employers from

Lelechka [254]

Answer:

B. FALSE

Explanation:

This economy is currently at its natural rate of unemployment because there is no cyclical unemployment

In macroeconomics, full employment is the level of employment rates where there is no cyclical or deficient-demand unemployment.

The economy is considered to be at full employment when the actual unemployment rate is equal to the natural rate.

Hence, it is false to allege that the economy in the given scenario is not currently at its natural rate of unemployment

7 0

3 years ago

Adamdata, a cell phone brand, is planning to collaborate with a few companies that create software for cell phones. It wants to

liubo4ka [24]

Answer:

B) options-based planning

Explanation:

Software development life cycle (SDLC) can be defined as a strategic process or methodology that defines the key steps or stages for creating and implementing high quality software applications.

Some of the models used in the software development life cycle (SDLC) are;

I. A waterfall model.

II. An incremental model.

III. A spiral model.

An options-based planning can be defined as a strategic management process which typically involves the maintenance of flexibility by investing simultaneously in a little amount (manner) in various alternative plans.

In this scenario, Adamdata, a cell phone brand, is planning to collaborate with a few companies that create software for cell phones. It wants to try different operating system software for its phones and then buy the company that manufactures the software that is most compatible with its phones. Therefore, Adamdata is most likely using options-based planning.

4 0

3 years ago

How do i find ending merchandise and cost of goods sold (accounting)

Sergio [31]

Ending merchandise = beginning Merchandise + net purchases- cost of goods sold
Cost of goods sold= beginning merchandise + purchases during the period- ending merchandise

3 0

3 years ago

What function is money serving when you buy a ticket to a movie?

ser-zykov [4K]

It acts as the Currency

7 0

3 years ago