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lozanna [386]
3 years ago
5

X-Mart purchased $300 of merchandise and paid immediately. Demonstrate the journal entry to record this transaction, assuming th

e perpetual inventory system is used. Multiple choice question. Debit Purchases $300; credit Cash $300. Debit Merchandise Inventory $300; credit Cash $300. Debit Merchandise Inventory $300; credit Sales $300. Credit Merchandise Inventory $300; debit Cash $300.
Business
1 answer:
Troyanec [42]3 years ago
5 0

Answer:

Debit Merchandise Inventory $300; credit Cash $300

Explanation:

The journal entry to record the given transaction is shown below:

Merchandise inventory Dr $300

    To Cash $300

(being cash paid is recorded)

Here the merchandise inventory is debited as it increased the assets and credited the cash as it decreased the assets

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In order to hire graduates and postgraduates of microbiology, Arthur, the human resource (HR) manager at Kartholfen, a pharmaceu
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<em><u>External recruitment.</u></em>

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4 0
1 year ago
At Davide Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. O
soldi70 [24.7K]

Answer and Explanation:

For materials

Equivalent completed units = Completed units + WIP ending

= 111,700 + 20,300

= 132,000 units

Cost of materials = Beginning WIP + Cost of materials added

= 22,300 + 370,000

= $392,300

Cost of material per units = 392,300 ÷ 132,000

= $2.97197

For conversions

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Total cost of units completed and transferred out

= 111,700 × (2.97197 + 2.54436)

= $616,174

4 0
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