mahaam211 mahaam211

19-08-2017
Business

contestada

How do i journalize purchased merchandise on account from galsten co., $360,000, terms n/30?

Respuesta :

Aliwohaish12 Aliwohaish12

19-08-2017

To record the purchase of merchandise there are two methods:

1) under Perpetual Inventory System the entry is
Inventory (Dr) 360000
Accounts payable (Cr) 360000

2) under Periodic Inventory System the entry is
Purchase (Dr) 360000
Accounts payable (Cr) 360000

Answer Link

Otras preguntas

Oxygen makes up the majority percentage of both the human body and the Earth's crust. Oxygen also makes up a large percentage of which of the following? Select

Which type of balance does Newcomb use in his painting Self-Portrait?.

How many triangle can be drawn when only three angle

in a random sample of 100 seventh graders , 75 did their math homework if there are 200 seventh graders, how many would you expect to have done their math homew

The scientific method O a. is a rigid methodology that must be precisely followed to ensure validity. O b. is a process that always yields significant results.

The repeated rhythmic pattern in which an accented beat is followed by two unaccented beats is called ________ meter.

given g(x)=3x+5 find g(-6)

Was Britain able to successfully reform working conditions and government in the 1800's?

Please help this is my Spanish question for the day:)

Helpppppp!!!! Which of the following are examples of work being done on an object? Choose all 4 that apply. A. Carrying a box up a flight of stairs. B. Wind b