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mestny [16]
4 years ago
10

On January 15, 2016, Bravo Company purchased $4,000 of construction supplies, on account, from the Zulu Company. Prepare Bravo C

ompany's general journal entry (without explanation). If no entry is required then write "No Entry Required."
Business
1 answer:
Bezzdna [24]4 years ago
5 0

Answer:

Construction Supplies (Dr.)  $4,000

Accounts Payable (Cr.)  $4,000

Explanation:

When The Bravo Company purchases construction supplies of $4,000 from The Zulu then Journal entry is required to record this transaction. The transaction will have Construction Supplies or Purchases account debited with $4000 whereas Accounts Payable is credited with $4000 because the supplies are purchased on account.

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Big Tommy Corporation is a local grocery store organized seven years ago as a corporation. The bookkeeper prepared the following
Natali [406]

Answer:

                        Big Tommy Corporation

      Profit and Loss for the year ended December 31

Sales                                                                         404,000

Cost of Goods Sold                                                 279,000

Gross Profit                                                               125,000

<em>Operating Expenses:</em>

Salaries and Wages Expense                   58,000

Office Expenses                                         16,000

Travel Expenses                                           1,000    75,000

Operating Income:                                                     50,000

Non-Operating Expenses

Income Tax Expense                                 15,000     15,000

Net Income                                                                 35,000

Explanation:

Multistep income statement makes a clear distinction on Operating Incomes and Expenses and Non-Operating Incomes and Expenses

Operating income is Profit generated from Primary activities of the company

Non-Operating Incomes and Expenses do not relate to the Primary activities of the firm.They occur as a result of secondary activities.

7 0
3 years ago
Anna is a team leader at Shine Design Inc. Gavin is her least preferred employee because he makes silly mistakes in his reports.
Korolek [52]

Answer:

Relationship-oriented leadership

Explanation:

Relationship-oriented leadership is the style of leaders whose main as well as primary focus is on developing, supporting as well as motivating people or members of their teams as well as the relationship within.

This leadership style encourage the good teamwork as well as collaboration by fostering the good communication and the relationship which is positive.

So, in this scenario, the team leader following the relationship oriented style of leadership as she believes in Gavin that he will be a valuable resource, which in turn means she is supporting the team.

4 0
3 years ago
Ricardo buys a coffee maker as a gift for his sister. The product turns out to be defective. Ricardo knows that he can complain
Natali5045456 [20]

Answer:

the entire supply chain (hope this helps) pls i need one more brainly to rank up

4 0
3 years ago
Consumer services include:___________
mart [117]

Answer:

The most accurate answer is c. educational, retail, wholesale, professional, and financial service jobs.

Explanation:

7 0
4 years ago
Read 2 more answers
On April 1, Moloney Musical Instruments sold merchandise on account to Fronke's Flutes for $7,000 on Invoice 1001, terms 2/10, n
Eduardwww [97]

Answer:

The question is <em>"Record the transactions on April 1 and April 10. View transaction list Journal entry worksheet Record the sale on April 1."</em>

Date     Account Title and Explanation       Debit         Credit

April 1    Account receivables                      $7,000

                  Sales revenue                                               $7,000

April 10.  Cash  ($7,000*98%)                       $6,860

                     Sales discount ($7,000*2%)                        $140

                     Account receivables                                     $7,000

3 0
3 years ago
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