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
lukranit [14]
3 years ago
11

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

Business
1 answer:
GrogVix [38]3 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

You might be interested in
On small projects, the cost management plan may be as simple as ensuring accurate estimates are made, securing the funding, and
vladimir2022 [97]

Answer:True

Explanation:

The first in a project is making an estimate of the project, a wrong estimate will lead to the failure of the project for this does not only determined the viability of the project but also help in providing adequate liquidity.

Availability of needed fund gives the optimism than the project will be completed and a follow up to ensure money spent adds value to the project as estimated will ensure successful completion of the project.

7 0
3 years ago
ASAP! please and thank you!
zlopas [31]

Answer:

Contract law principles quiz

Explanation:

1:D

2:C

3:B

4:C

5:D

6:D

7:A

8:A

9:B

10:A

6 0
3 years ago
make your own meme for points! But I swear if there is no good memes brainly sucks now because their used to be amaaaaaaaaaazing
BARSIC [14]

I made this a long time ago for reddit

Good luck lads

5 0
3 years ago
Read 2 more answers
A materials requisition slip showed that direct materials requested were $36000 and indirect materials requested were $6000. The
Svetlanka [38]

Answer:

The entry to record the transfer of materials from the storeroom is

Debit Work in process                                 $ 36,000

Debit Factory overhead control                  $   6,000

Credit Material Account                               $ 42,000

The material is accounted in material stock account when purchase. Latter if material is used directly it is taken in work in process account. Indirect material is accounted in FOH account.

5 0
3 years ago
why might profit maximisation be considered inappropriate by a firms stakeholders other than shareholders
Archy [21]
Profit maximization is often considered inappropriate by a firms stakeholders (like the government or the company's employees) other than shareholders because stakeholders have more of an embedded, and oftentimes less-financial interest in the company than shareholders, who can invest in a company without really caring much about what the company does. Profit maximization usually involves risk, which can be riskier for the stakeholder than the shareholder.
5 0
4 years ago
Other questions:
  • The sneaker company that you work for had a great marketing campaign and has increased sales for the original running shoe that
    7·1 answer
  • We have appealed to their native justice and magnanimity, and we have conjured them by the ties of our common kindred to disavow
    6·1 answer
  • An investment today of $8,424 at 6% will yield payments of $2,000 per year for five years, or total payments of $10,000 over fiv
    8·1 answer
  • An​ avant-garde clothing manufacturer runs a series of​ high-profile, risque ads on a billboard on highway 101 and regularly col
    11·1 answer
  • A(n) ____ is a plan or course of action used by an organization to convey instructions from its senior management to those who m
    15·1 answer
  • Recently, the owner of Martha's Wares encountered severe legal problems and is trying to sell her business. The company built a
    8·1 answer
  • Depreciation on equipment is $800 for the accounting period. 2. There was no beginning balance of supplies and $768 of supplies
    10·1 answer
  • Consider the metaphor used in the article differentiating managerial and leadership roles (average managers play checkers, great
    11·1 answer
  • Can anyone help plz?
    14·1 answer
  • Much of the information contained on a résumé is also requested on a(n)
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!