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
Artist 52 [7]
2 years ago
8

On January 14, A Company purchased supplies of $900 on account. The entry to record the purchase will include

Business
1 answer:
Citrus2011 [14]2 years ago
7 0

Answer:

the complete journal entry should be:

Date

Dr Supplies 900

    Cr Accounts payable 900

Explanation:

Supplies is an asset account that has a normal debit balance, while accounts payable is a liability account with a normal credit balance. Our accounting system is based on the double entry system where one account must be debited and another one must be credited.

You might be interested in
The ABC Auto Supply Company of Burlington, Vermont, uses an e-commerce software program on its website to allow customers such a
timama [110]

Answer: B2B ( Business to business)    

Explanation:

The Business to business (B2B) is one of the marketing process in which the products are promoted to the other organization or any business by using the various types of business operations or functions.

The business to business marketing plays an important role as it allow various types of organization for expanding the business in the market.

According to the given question, the ABC auto supply is one of the firm that are basically using the E commerce software that allow the users or consumers for ordering their auto parts.

Therefore, The ABC company is basically follows the B2B business model.

4 0
3 years ago
Suppose Cook Plus manufactures cast iron skillets. One model is a​ 10-inch skillet that sells for $ 22. Cook Plus projects sales
amid [387]

Answer:

Production budget = 835

Explanation:

<em>T</em><em>he production budgeted for a particular period is the expected units to be produced after adjusting the sales budget figures for opening and closing inventories.  </em>

Production = Sales budget + closing inventory - opening inventory

Inventory at the end of July = 40%×650= 260

Opening inventory = 75

Sales budget = 650

Production budget = 650+ 260  - 75= 835

Production budget = 835

3 0
3 years ago
Revenues, Expenses, and Cost of Goods Sold are closed to which of the following accounts:_________
iren2701 [21]

Answer: A) Income Summary

Explanation:

The Income Summary account is used to compile temporary accounts before posting them to capital accounts. Revenues, Expenses and Cost of Goods are temporary accounts which will be compiled in the Income summary account.

The Income summary account has a debit and a credit side with income going on the credit side and expenses going on the debit side. If the credit side is higher than the debit side then profits have been made. The reverse is true.

6 0
3 years ago
In order to determine if a home is fairly priced or not, it is important to look at the home's:
Charra [1.4K]
In order to determine if a home is fairly priced or not, it is important to look at the home's:


C. price per square foot.
4 0
3 years ago
Read 2 more answers
Panther Co. had a quality-assurance warranty liability of $359,000 at the beginning of 2018 and $308,000 at the end of 2018. War
evablogger [386]

Answer:

d.$1,371,000

Explanation:

Given that

Warranty liability at the beginning of year = $359,000

Warranty liability at the end of year = $308,000

Warranty expense = $44 million

Sales percentage = 3%

So, the warranty expense = $44,000,000 × 3% = $13,20,000

So, the warranty expenditures for 2018 is

= Beginning warranty liability + warranty expense - ending warranty liability

= $359,000 + $13,20,000 - $308,000

= $1,371,000

6 0
2 years ago
Other questions:
  • C. calculate the dollar value of us bonds held by the chinese government. explain how you determined your answer. identify the r
    10·2 answers
  • The federal government doesn't have a capital budget; however, private enterprises do have a capital budget and when they invest
    7·1 answer
  • Find the interest rate for a $5000 deposit accumulating to $7647.81, compounded quarterly for 9 years.
    7·1 answer
  • As a gardener, Joey earns $19.20 per hour. He earns double time for work on Saturdays. Last week, he worked 25 regular hours plu
    6·1 answer
  • Which model of abnormality focuses on learning and the thinking that underlies behavior?
    13·1 answer
  • Sandra and Kelsey are forming a partnership. Sandra will invest a piece of equipment with a book value of $6,400 and a fair mark
    12·1 answer
  • Tanner takes out a loan today and repays the loan with eight level annual payments, with the first payment one year from today.
    13·1 answer
  • In the welding operations of a bicycle manufacturer, a bike frame has a flow time of about 13.6 hours. The time in the welding o
    9·1 answer
  • Nano electronics company produces two products, resistors and transistors in a small manufacturing plant which had total manufac
    12·1 answer
  • Cho plans to manage the business, which means that she will have to quit her current job. Suppose that the interest rate (or rat
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!