All categories

2 years ago

Prepare Journal Entries in a Purchases Journal

Business

1 answer:

kenny6666 [7]2 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

What does the federal reserve board of governors control

sleet_krkn [62]

The Federal Reserve System, the central bank of the United States, conducts the nation's monetary policy, supervises and regulates banks, and provides a variety of financial services to the U.S. government and to the nation's banks. The Federal Reserve System is supervised by the Board of Governors.

5 0

2 years ago

For long-term positive relations, the goal of negotiation should most likely be to ________. a) establish a clear line of commun

slava [35]

Answer:

The correct answer is c) reach a settlement that benefits all parties.

Explanation:

Taking into account the nature of the relationship (long-term), an adequate treatment is exclusively required to achieve broad levels of negotiation. When this process is carried out under a harmonious environment, it is more feasible that part and part objectives can be achieved, which allows negotiations to be carried out in the future for the benefit of both people. A negotiation requires time and studies, for which some claims that harm the establishment of a common good must be lowered.

6 0

2 years ago

Determine the tax consequences to Euclid from the following independent events. Round the per share answer to the nearest cent.

Levart [38]

Answer:

$100 per share

Explanation:

Complete question: As a result of the stock dividend, Euclid's per share basis is $?

The Total stock is 500 shares for $50,000 Basis = 50,000 / 500 = $100

Hence, Euclid's per share basis is = $100 per share

8 0

2 years ago

Based on the following information, what is the balance on the financial account? Exports of goods and services = $5 billion Imp

Olegator [25]

Answer:

3 billion

Explanation:

the financial account will be the cash inflow less the cash outflow:

Increase in foreign holdings of assets in the United States = $4 billion Increase in U.S. holdings of assets in foreign countries = -$1 billion

4 billion of dollar enter the US from aboard while 1 billion left the country with destination aboard in total the financial account will be:

4 billion - 1 billion = 3 billion

4 0

3 years ago

How and why do congress and the president rely on administrative agencies?

GREYUIT [131]

The Constitution makes it clear that the Congress, rather than the President of the United States, has power to assign

3 0

2 years ago