Business, 20.06.2020 23:57 enriquerer12

Green Cleaning purchased $500 of office supplies on credit. The company’s policy is to initially record prepaid and unearned items in balance sheet accounts. Which of the following general journal entries will Green Cleaning make to record this transaction? Debit Office supplies, $500; credit Cash, $500.
Debit Office supplies, $500; credit Accounts payable, $500.
Debit Accounts payable, $500; credit Office supplies, $500.
Debit Office supplies expense, $500; credit Cash, $500.
Debit Cash, $500; credit Office supplies, $500
2. Purchases Sales
January: 10 units at $120 6 units
February: 20 units at $125 5 units
May: 15 units at $130 9 units
September: 12 units at $135 8 units
November: 10 units at $140 13 units
On December 31, there were 26 units remaining in ending inventory. Using the perpetual LIFO inventory costing method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)
A. $3,200.
B. $3,405.
C. $5,400.
D. $3,270.
E. $3,364.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 17:10

American gas products manufactures a device called a can-emitor that empties the contents of old aerosol cans in 2 to 3 seconds. this eliminates having to dispose of the cans as hazardous wastes. if a certain paint company can save $75,000 per year in waste disposal costs, how much could the company afford to spend now on the can-emitor if it wants to recover its investment in 3 years at an interest rate of 20% per year?

Answers: 1

Answer

Business, 22.06.2019 16:50

The cost of labor is significantly lower in many countries than in the united states. if you move manufacturing to a facility to a country labeled as part of the axis of evil and a threat to world peace you will increase the net income of your client by $10 million per the facility is located in a country which limits personal freedom and engages in state sponsored terrorism. imagine you are a marketing consultant. (a) what would you tell the executives to do? (b) what are the alternatives? what are your recommendations? why do you recommend this course of action?

Answers: 1

Answer

Business, 22.06.2019 19:00

Why is accountability important in managing safety

Answers: 2

Answer

Business, 22.06.2019 19:50

Statistical process control charts: a. indicate to the operator the true quality of material leaving the process. b. display upper and lower limits for process variables or attributes and signal when a process is no longer in control. c. indicate to the process operator the average outgoing quality of each lot. d. display the measurements on every item being produced. e. are a graphic way of classifying problems by their level of importance, often referred to as the 80-20 rule.

Answers: 2

Answer

You know the right answer?

Green Cleaning purchased $500 of office supplies on credit. The company’s policy is to initially rec...

Questions