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marshall27 [118]
3 years ago
9

Paul's Landscaping purchased $500 of office supplies on credit. The company's policy is to initially record prepaid and unearned

items in balance sheet accounts. Which of the following general journal entries will Paul's Landscaping make to record this transaction?
(A) Debit Office supplies expense, $500; credit Cash, $500.
(B) Debit Cash, $500; credit Office supplies, $500
(C) Debit Office supplies, $500; credit Accounts payable, $500
(D) Debit Office supplies, $500; credit Cash, $500
(E) Debit Accounts payable, $500; credit Office supplies, $500
Business
1 answer:
sattari [20]3 years ago
6 0

Answer:

(C) Debit Office supplies, $500; credit Accounts payable, $500

Explanation:

Businesses maintain the office supplies inventory of supplies and record the supplies purchased into this account and expense it afterward with the usage of inventory. In this question offices supplies purchased will be debited to office supplies account. As it is purchased on account so it will be credited to account payable account to make a liability against the transaction.

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Consider Paul's decision to go to college. If he goes to college, he will spend $90,000 on tuition, $15,000 on room and board, a
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Answer:

B. $123,000

Explanation:

The computation of the Paul's cost of going to college is presented below:

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= $90,000 + $15,000 + $7,000 + $22,000 - $11,000

= $123,000

We simply deduct the room and board charges while working as a construction job and the other items would be added

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3 years ago
What is the subject of Federal Open Market Committee decisions?
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Answer:

the subject of Federal Open Market Committee decisions is as below:

level of interest rates and growth of the money supply

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Each of the following is an advantage of using cash EXCEPT:
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C. less painful parting with cash
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Suppose a three-person comittee is formed for a culb by drawing names out of a hat. If the expected number of women is 2 and the
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Answer: 20 women

Explanation:

Making the total number of women in the club 'x', we can then do the following,

Total Number of Names in Hat, N

N = x + 10 ( total number of men)

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Using the Hypergeometric Distribution then we can then use the formula,

Expected number of women on the Committee = k * n / N

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2 = 3x/(x +10)

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8 0
3 years ago
foreign project in Hungary and another in Japan had the same perceived value from the U.S. parent's perspective. Then, the excha
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Answer:

The correct answer is higher than that for the Hungarian project.

Explanation:

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