subject
Business, 03.12.2021 20:50 k123loveme

Rex Corp. purchased supplies on account and recorded it in the inventory account. What is the journal entry to correct this error

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 11:30
Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.
Answers: 2
question
Business, 22.06.2019 11:40
During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million
Answers: 1
question
Business, 22.06.2019 16:00
If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?
Answers: 3
question
Business, 22.06.2019 19:00
1. what must one do to perform the essential managerial task of controlling in achieving organizational goals? a. motivate, coordinate, and energize individuals and groups to work together to achieve organizational goals b. choose appropriate organizational goals and courses of action to best achieve those goals c. establish task and authority relationships that allow people to work together to achieve organizational goals d. establish accurate measuring and monitoring systems to evaluate how well the organization has achieved its goals
Answers: 1
You know the right answer?
Rex Corp. purchased supplies on account and recorded it in the inventory account. What is the journa...
Questions
question
Health, 17.02.2021 22:10
question
Arts, 17.02.2021 22:10
question
Mathematics, 17.02.2021 22:10
question
Mathematics, 17.02.2021 22:10
question
Mathematics, 17.02.2021 22:10
Questions on the website: 13722362