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Accounting
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Questions (2,354)
What is the difference between income, revenue and profit and its relevance on the accounting equation?
1 answer
asked by
w
57 views
Edgar needs to close out $670 in the dividends account at the end of the year. What closing entry will he use?
A. Income summary
2 answers
asked anonymously
70 views
Discuss the content knowledge the teacher must have to teach creditors reconciliation statement in accounting
2 answers
asked by
Tlokotsi Semela
46 views
what is accrual accounting??
1 answer
asked by
w
67 views
During 2020, Bryon Manufacturing expected Job No. 42 to cost $300,000 of overhead, $500,000 of materials, and $200,000 in labor.
1 answer
asked anonymously
88 views
The relationship between profit lost and accounting equation
1 answer
asked by
w
58 views
What are the 6 short steps of the accounting cycle
2 answers
asked by
Accounting grade 9
58 views
Which is the best description of a balance sheet?(1 point)
Responses a comparison of revenue to SG&A and COGS a comparison of
2 answers
asked anonymously
61 views
Which of the following is the correct version of the Accounting Equation?
Group of answer choices all are correct Assets +
1 answer
asked by
mazin
99 views
When a business sells goods to a customer on credit, it creates an:
Group of answer choices expense operating cost account
1 answer
asked by
mazin
86 views
The following information has been provided by Miller Company: Advertising expense $19,800 Interest expense $7,400 Rent expense
1 answer
asked anonymously
110 views
Explain the meaning of the term debit
2 answers
asked by
Lesedi
41 views
what degree is usually required to be an accountant
1 answer
asked by
guy
87 views
What is typically included in COGS? (1 point)
Responses raw materials raw materials storage costs for the inventory storage costs
2 answers
asked anonymously
91 views
Do these in a journal entries form and illustrate it:1. August 7. Bought supplies in account from Long Music Supplies, $
2720.00.
1 answer
asked by
Blessing
632 views
Classify the following adjusting entries as involving prepaid expenses (PE), unearned revenues (UR),
accrued expenses (AE), or
4 answers
asked by
Ashley
5,109 views
Give an example of a business transaction that has the described effect on the accounting equation:
Increase an asset and
2 answers
asked by
candy
1,301 views
I need help on the freight charges of each transaction, I always get confused when I see the FOB’s.
Presented here are selected
1 answer
asked by
F
567 views
Hi i need help with the following transactions. Right now we are learning about the accrual basis of accounting.
1.Rent Payments
1 answer
asked by
F
427 views
hi ms. sue i was wondering if you had email that i can have to email you if i need help because i need help with accounting with
4 answers
asked by
henry
855 views
Began his business with equipment valued at 40,000 and place 400,000 in the business checking account.
What accounts will be
5 answers
asked by
Chewbacca
1,522 views
Preparing A Journal Entry. I need help telling whether it's accounts receivable, rent expense, etc. Also determining whether
2 answers
asked by
James
616 views
You are the accountant for Suite Dreams, a retail furniture store. Recently, an order of sofas and chairs was received from the
2 answers
asked by
Tee
707 views
ANSWER THIS SURVEY ASAP:
1. A compound entry in the general journal is made to close expense accounts. True False 2. The entry to
9 answers
asked by
Accounting Buff
1,327 views
Oaktree Company purchased a new machine and made the following expenditures:
Purchase price $45,000 Sales tax 2,200 Freight
4 answers
asked by
Bobbi Loffredo
2,897 views
(Accounting standards-setting bodies) Three accountants started talking about hospitals. One said he was treated at a
3 answers
asked by
Angie
856 views
An office building worth $1 million when completed in 2010 is being depreciated linearly over 25 years. What was the book value
4 answers
asked by
Reece
1,573 views
In recent years, Juresic Transportation purchased three used buses. Because of frequent turnover in the accounting department, a
2 answers
asked by
vivian
588 views
Which of the following accounts is decreased by a debit entry?
a. Accounts Payable b. Cash c. Prepaid Insurance d. Insurance
3 answers
asked by
Anton
2,893 views
For my assignment I was asked to complete a journal for the Portand After School Program. I have completed it, but I know I did
4 answers
asked by
Jess
554 views
the long-term note payable bears an interest of 12% per year. the
unadjusted interest expense account equals the amount paid for
1 answer
asked by
ben
680 views
E3-5 Drew Carey Company has the following balances in selected accounts on December 31,2008.
Accounts Receivable $ -0-
3 answers
asked by
Mickey
1,706 views
Which of the following errors would cause the trial balance to be out of balance? An entry is posted twice. An entry is not
3 answers
asked by
Angela
1,541 views
Lena Horn bought a Toyota Tundra on January 1 for $30,000 with an estimated life of 5 years. The residual value of the truck is
5 answers
asked by
Stef
2,632 views
The Sneed Corporation issues 10,000 shares of $50 par value preferred stock for cash at $75 per share. The entry to record the
4 answers
asked by
zel
1,511 views
I need help in a project on 'accounting process' . It should begin with a storyline in which a buisness have to be chosen(i have
1 answer
asked by
rahul
468 views
Jim owns a small business. There was a loss of $26 on Thursday and a loss of $11 on Friday. on Saturday, there was a loss of $9,
25 answers
asked by
Ashley ASAP HELP PLZ
2,628 views
jasper owns a small retail store as a sole proprietor. the business records show that the cost of the stores inventory items has
2 answers
asked by
keri
1,027 views
Who can be harmed when a company changes its accounting methods too often?
2 answers
asked by
Ashley
666 views
Santa Fe Company purchased merchandise for resale from Mesa COmpany with an invoice price of $24,000 and credit terms of
2 answers
asked by
ash
1,117 views
Incentive Corporation was organized in 2009 to operate a financial consulting business. The charter authorized the following
3 answers
asked by
gdlola
721 views
Problem P3-5A
On September 1, 2002, the account balances of Rijo Equipment Repair Corp. were as follows: Nbr: Debits Nbr: Credits
3 answers
asked by
Omar
1,746 views
A deposit of $1,250 that was incorrectly in the checkbook as 1,200 should be
a. added to the checkbook b. deducted from the
5 answers
asked by
Chels
863 views
Capwell Corporation uses a periodic inventory system. The company's ending inventory on December 31, 2011, its fiscal-year end,
3 answers
asked by
kay
901 views
The accounting records of NuTronics, Inc., include the following information for the year ended December 31, 2011.
Dec. 31 Jan. 1
3 answers
asked by
alexis
1,376 views
June 1: Rented office space and paid three months’ rent in advance, $3,000,
cheque 601. Ans: Rent expense (DEBIT) Cash (CREDIT)
4 answers
asked by
Thara!
2,145 views
The following transactions occurred during July:
(1) Received $700 cash for photography services provided to customer during the
3 answers
asked by
Anonymous
1,649 views
We just starting the chapters in accounting in school. We have about 10 problems to do. I will post one problem here and i need
1 answer
asked by
gaba
913 views
Bristol Sales had the following transactions for DVD’s in 2012, its first year of operations.
Jan. 20 Purchased 75 units @ $17
2 answers
asked by
Monty Douglas
659 views
I need help, do not want the answer just stuck on how to solve this one.
Here is the problem Elkins Company sold $2,500,000, 8%,
1 answer
asked by
newbie2school
406 views
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