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
Mariulka [41]
3 years ago
15

Which of the following statements is correct? Multiple Choice A transaction that is properly recorded in the cash payments journ

al will always include the recording of an amount in the Cash Debit column. The entry to record the payment of an invoice within the cash discount period would include a debit to the Purchases Discounts account. The entry to record a cash purchase of merchandise would include a debit to Purchases and a credit to Cash. Purchase discounts is a contra revenue account.
Business
1 answer:
Arturiano [62]3 years ago
4 0
Yes choice a is right
You might be interested in
On January 1, 2021, Morris Enterprises issued 9%, 5-year bonds with a face amount of $900,000 at par. Interest is payable annual
stepladder [879]

Dec 31

Dr Interest expense $72,000

Cr Interest Payable $72,000

($900,000*9%)

(Being to record the first year interest expense accrued)

<h3>What is Interest Payable? </h3>

Interest Payable is a liability account, shown on a company's balance sheet, which represents the amount of interest expense that has accrued to date but has not been paid as of the date on the balance sheet.

In short, it represents the amount of interest currently owed to lenders.

<h3>Is interest payable an asset?</h3>

Interest payable is a liability, and is usually found within the current liabilities section of the balance sheet.

Learn more about interest payable here:

<h3>brainly.com/question/14608867</h3><h3 /><h3>#SPJ4</h3>
4 0
2 years ago
Federally chartered banks and credit unions are run like businesses that make a profit.
Licemer1 [7]

Answer:

False.

Explanation:

A bank is said to be federally chartered when it is appropriately authorized and regulated by the federal government of a country with recourse to statutory laws but not the state government. Some examples of federally chartered banks are Wells Fargo Bank, Bank of England, Swiss National Bank, Citizen National Bank, Bank of Japan, PNC Bank, First National Bank, U.S. Bank, Reserve Bank of Australia, etc.

A credit union can be defined as a non-profit making financial cooperative that is typically controlled by its members (employees, church groups, labour unions etc) and it is saddled with the responsibility of providing financial services like the traditional banks.

Generally, the profit made from the amount of money that is being deposited by the members of a credit union are usually returned to the members as a form of better interest rates. Some examples of credit unions are SchoolsFirst Credit Union, New York University Federal Credit Union, Consumers Credit Union, etc.

Hence, federally chartered banks and credit unions are not run like businesses that are a profit i.e they are a non-profit business.

4 0
3 years ago
Technology products with particularly strong security features are said to be: question 10 options: hardened. virtualized. integ
mrs_skeptik [129]
<span>These products would be said to be hardened. They are able to withstand any sort of attacks that could be thrown against them. Having strong security features can be a positive for a product because it makes sure that there won't be as much time spent on trying to fix issues and breaches that could take place.</span>
5 0
4 years ago
Data concerning a recent period’s activity in the Prep Department, the first processing department in a company that uses proces
Bogdan [553]

Answer:

(1) $31,538.4; $5,328.9; $36,867.3

(2)  $326,206; $120,903; $447,109

Explanation:

(1) Cost of ending work in process inventory:

For materials:

= Equivalent units of production in ending work in process × Cost per equivalent unit

= 2,040 × $ 15.46

= $31,538.4

For conversion:

= Equivalent units of production in ending work in process × Cost per equivalent unit

= 930 × $5.73

= $5,328.9

Total = $31,538.4 + $5,328.9

        = $36,867.3

(2) Cost of the units completed and transferred out:

For materials:

= Total units completed and transferred × Cost per equivalent unit

= 21,100 × $ 15.46

= $326,206

For conversion:

= Total units completed and transferred × Cost per equivalent unit

= 21,100 × $5.73

= $120,903

Total = $326,206 + $120,903

        = $447,109

6 0
3 years ago
After learning about swot analysis and reading case #2, consider st. sebastian’s likelihood of success in their venture by condu
FromTheMoon [43]
I want to answer of question SWOT
4 0
4 years ago
Other questions:
  • Which of the following statements is CORRECT?a. Projects with "normal" cash flows can have two or more real IRRs.b. Projects wit
    9·1 answer
  • A major accounting contribution to the managerial decision-making process in evaluating possible courses of action is to:
    8·1 answer
  • Using non-volume-based activity drivers allows activity based costing to
    6·1 answer
  • Adams Moving and Storage, a family-owned corporation, declared a property dividend of 1,200 shares of GE common stock that Adams
    11·1 answer
  • The U.S. government bought 112,000 acres of land in southeastern Colorado in 1968 for $17,500,000. The cost of using this land t
    5·1 answer
  • The following account balances were drawn from the financial records of Kent Company (KC) as of January 1, 2018: Assets, $35,000
    13·1 answer
  • The modern business environment has been shaped by political and economic events. Rapid growth and change in many areas have bee
    10·1 answer
  • Everything that consumers evaluate when deciding whether to buy a good or service is called the
    15·1 answer
  • Gullett Corporation had $37,000 of raw materials on hand on November 1. During the month, the Corporation purchased an additiona
    11·1 answer
  • In response to dwindling sales of organic meats, Hain Celestial executives decided to promote the sale of organically grown nuts
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!