1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
meriva
3 years ago
15

Scenario

Business
1 answer:
aalyn [17]3 years ago
4 0

Answer:

GBI

a. Journal Entries

Feb. 2

Debit Supplies Expense $800

Credit Payables-Misc. account $800

To record the purchase of supplies on account.

Feb. 4

Debit Accounts Payable $800

Credit CAsh $800

To record the payment on account.

b. The resulting document numbers are:

FI document number 1: __________ 100001

FI document number 2: __________ 100002

Explanation:

The journal entries are made to initially record the transactions in the books of GBI.  Journal entries identify the accounts involved in every transaction.  They add some brief narrations of the transaction.

You might be interested in
What is friendship?? :)<br><br> Bye! Y'all!!
zlopas [31]

Answer:

agree with this

.................................

8 0
2 years ago
Read 2 more answers
How would inflation in china affect the competitiveness of its goods in global markets?
just olya [345]

Inflation also influences the ratio of Chinese household debt to gross domestic product (GDP), which jumped to 61.6 per cent last year from 17.9 percent in 2008, a situation made worse by the pandemic.

Business competitiveness:If one country has a much higher rate of inflation than others for a considerable period of time, this will make its exports less price competitive in world markets.

Inflation is a financial risk that investors take on when they invest internationally. While efforts can be made to increase liquidity during times of crisis, inflation can strongly influence bond prices and equities to a lesser degree.

Learn more about the Business here: brainly.com/question/24448358

#SPJ4

8 0
1 year ago
In January 2015, Post, Inc. estimated that its year-end bonus to executives would be $840,000 for 2015. The actual amount paid f
Juli2301 [7.4K]

Answer:

c. $210,000.

Explanation:

amount of expense to be reflected in Post's quarterly income statement

= 840,000 / 4

= $210,000

Therefore, The amount of expense that should be reflected in Post's quarterly income statement for the three months ended March 31 is $210,00.

3 0
3 years ago
3 Is there any way to enjoy some small daily purchases and also make wise, long-term decisions when it
Marrrta [24]

Answer:

Buying clothes

Explanation:

7 0
3 years ago
6. MMF Value. Bart is a college student who has never invested his funds. He has saved $1,000 and has decided to invest it in a
Gnesinka [82]

Answer:

Results are below.

Explanation:

Giving the following information:

Initial investment (PV)= $1,000

Number of periods (n)= 1 year

interest rate (i)= 0.02

Withdrawal cost= $20

<u>First, we will determine the future value (FV) of the investment:</u>

FV= PV*(1 + i)^n

FV= 1,000*(1.02^1)

FV= $1,020

<u>Now, how much is left for Bart:</u>

<u></u>

Net amount= 1,020 - 20

Net amount= $1,000

3 0
3 years ago
Other questions:
  • Because all work ultimately entails some human interaction, effort, or involvement, Bossidy and Charan believe that focusing on
    15·1 answer
  • Should Obama Care system be continued into the future ?? Yes :Because considering an average of 20 million US citizen depend on
    13·1 answer
  • Inattentive Driving. While cutting class and driving off campus to check on her new dress for the upcoming formal, Molly, a busy
    12·1 answer
  • The shareholders' equity of Red Corporation includes $200,000 of $1 par common stock and $400,000 par of 6% cumulative preferred
    11·1 answer
  • Using the information provided about marketing and advertising law, determine which of the following would be a violation of thi
    15·1 answer
  • Self-management is about (1) knowing who you are and what you want to accomplish in your life, and (2) making these things happe
    13·1 answer
  • At Bargain Electronics, it costs $30 per unit ($20 variable and $10 fixed) to make an MP3 player at full capacity that normally
    5·1 answer
  • Is the South African post office a natural or artificial monopoly?motivate​
    9·1 answer
  • Mia’s gross pay is $2954. Her deductions total $724. 15. What percent of her gross pay is take-home pay?.
    15·1 answer
  • Brands can seed many forms of content in social communities as they try to boost engagement and sharing. ______ offer a way for
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!