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Zolol [24]
4 years ago
5

Cooper Law Offices has the following source document from one of its suppliers: Allen Office Supplies Description Quantity Price

per unit Total Legal paper 100 $ 15 $ 1,500 Ink cartridge 40 $ 30 $ 1,200 $ 2,700 Invoice Number:
Business
1 answer:
garik1379 [7]4 years ago
8 0

Answer:

Debit Supplies; Credit Accounts Payable for $2,700

Explanation:

Calculation to determine What should Cooper record on the date of the purchase

Based on the information given since the TOTAL OFFICE SUPPLIES is the amount of $2,700 calculated as Legal paper $1,500+ Ink cartridge $1,200 which means that the appropriate journal entry that Cooper should record on the date of the purchase will be :

Debit Supplies $2,700

Credit Accounts Payable $2,700

($1,500+$1,200)

(To record office Supplies)

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Why is study of fossils is important to human being?
lara [203]

Answer:fossils are important in understanding the history of the world because they provide physical evidence of animals and plants that lived in the past.

Explanation:

5 0
3 years ago
An example of automatic fiscal policy is Question 19 options: the unemployed automatically become eligible for unemployment bene
daser333 [38]

Answer:

a

Explanation:

Automatic fiscal policies are policies that adjust the economy automatically without the intervention of external agents . examples include progressive tax and transfer payments

In an expansion, progressive tax increases the tax paid and this reduces disposable income

In a contraction, tax paid is reduced and this increases disposable income

Congress passes a law during a recession that automatically extends unemployment benefits for those whose benefits will soon expire. this is an example of discretionary fiscal policy

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4 0
3 years ago
Boxes of​ Honey-Nut Oatmeal are produced to contain 14.0 ​ounces, with a standard deviation of 0.15 ounce. For a sample size of
raketka [301]

Answer:

UCL 14.08oz

LCL 13.93oz

Explanation:

´x=σ/√n

0.15/36 =0.15/6=0.025

´x= =14oz

UCL=´x+z σ´x

UCL=´x−z σ´x

UCL= 14 +3σ´x=14 +3(0.025)

=14+0.075

UCL=14.075oz approximately 14.08oz

LCL= 14 -3σ´x=14 -3(0.025)

=14- 0.075

LCL=13.925oz approximately 13.93oz

4 0
4 years ago
Listed are eight transactions the Foster Corporation made during November.
Taya2010 [7]

Answer:

See explanation section

Explanation:

See image below to get the answer

5 0
4 years ago
Computo began business on June 1, 2019. The corporate charter authorized issuance of 1,000 shares of no-par common stock and 4,0
olga2289 [7]

Answer:

d. $4,000 credit to common stock

Explanation:

The journal entry is shown below:

Since the company issued 400 shares for $10 per share

So, the journal entry is

Cash Dr $4,000

   To common stock $4,000

(Being the issuance of the common stock is recorded)

here the cash is debited as it increased the assets and credited the common stock as it also increased the equity account

5 0
3 years ago
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