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AlexFokin [52]
3 years ago
7

The first and most important step in the posting procedure is

Business
1 answer:
Step2247 [10]3 years ago
6 0
<span>The answer is B. Posting the date.
Here's the sequence of posting procedures.
First, Posting the date.
Second, posting the amount of the transactions.
Third,posting the page number of the journal in the Post. Ref. column of the ledger account.
And lastly, recording the posting ref. information</span>
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A corporation issued 5,000 shares of its no par common stock that was assigned a $1 stated value per share. The issue price was
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Answer and Explanation:

The Journal entry is shown below:-

Cash account Dr. $50,000

        To Paid in Capital in Excess of Stated Value account $45,000

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(Stated Value 1 × $5,000)

Being common stock issued is recorded)

For recording the common stock issued we simply debited the cash account as it is increasing assets while we credited the paid in capital in Excess of Stated Value and common stock as equity is increasing.

4 0
4 years ago
A shopper at whole foods was asked by a researcher to look at a magazine ad for a new line of organic soups. the researcher aske
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6 0
3 years ago
A firm produces and sells two products, Mica and Plax. The following information is available relating to setup costs (a part of
LenaWriter [7]

Answer:

The amount of set-up cost allocated to each product:

Plus = <u>$2,250 x 19 set-ups</u>

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        = $112.50 per unit

Max = <u>$2,250 x 37 set-ups</u>

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       = $4.50 per unit

The correct answer is D

Explanation:

In order to obtain the amount of set-up allocated to each unit of Plus and Max, there is need to multiply the set-up cost per unit by the number of set-up for each product divided by number of each unit produced.

7 0
3 years ago
Theresa is considering starting a small business. She plans to purchase equipment costing $145,000. Rent on the building used by
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C

Answer: the answer is (C)
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FrozenT [24]
<span>The answer to this is that the company has strategically decided to adopt <u>“telecommuting”.</u></span>  

Telecommuting is the general term used which refers to working at places outside the office which is usually at home using the internet, email, or telephone.

<span> </span>

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3 years ago
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