Everyone has a different vision for what they like to do once they retire. List three things you think you'd like to do once you finish working

As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?

Camping gear, inc. had 500 units of inventory on hand at the end of the year. these were recorded at a cost of $ 13 each using the lastminusin, firstminusout (lifo) method. the current replacement cost is $ 9 per unit. the selling price charged by camping gear, inc. for each finished product is $ 14. as a result of recording the adjusting entry as per the rule, the gross profit will

All of the following are tasks associated with maintaining a checking account, except a. recording deposits in a checkbook register b. subtracting withdrawals to track the balance c. comparing the checkbook to the account statement in order to reconcile it d.getting your passbook updated when you make a deposit