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lukranit [14]
2 years ago
11

Orion Flour Mills purchased a new machine and made the following expenditures:

Business
1 answer:
GrogVix [38]2 years ago
8 0

Answer:

Dr Equipment 62400

Dr Prepaid Insurance 500

Cr Cash 2900

Cr Accounts Payable 60,000

Explanation:

Preparation of the journal entry to Record the above expenditures for the new machine.

Dr Equipment 62400

Dr Prepaid Insurance 500

Cr Cash 2900

Cr Accounts Payable 60,000

(62,400+500-2900)

Equipment:

Purchase price ($55,000) + Sales tax (5,000) + Shipping (800) + Installation (1,600) =

Total cost 62400

Cash:

Shipment of machine (800) + Insurance on the machine ((500)) +Installation of the machine (1,600) = 2900

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Explanation:

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In this case the Union representative is trying to persuade the management to rise salaries, he can be appealing to Logos strategy. Logos is to use logical arguments to convince the audience, they will be evaluating if the argument of the speaker makes sense.

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3 years ago
Which of the following is an example of a content management system (CMS)?
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Hence, we can see that Some examples of a content management system (CMS) are:

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1 year ago
A member firm receives a large block order to buy 100,000 shares of XYZ stock, which is not actively traded. Which customer(s) o
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Convenience goods like Coke are available almost everywhere in the United States. Thus, Coke uses ______ distribution:
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2 years ago
At a nominal interest rate of i i convertible semiannually, an investment of 1,000 immediately and 1,500 at the end of the first
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