百度试题 结果1 题目 The journal entry to record the purchase of supplies on account will debits Supplies and credits Accounts Payable.()A.对B.错 相关知识点: 试题来源: 解析 A 反馈 收藏
1.购买的东西是supplies不是Equipment,所以不应该进固定资产,具体这里指的supplies可能应该是存货类的东西吧,如果是日用品的话可以直接进expensea)incorrect entry (错误的分录)Dr:Equipment 300Cr:Accounts Payable 300b)correct entry(正确的分录)Dr:Inventory/Expenses 300 (看是存货还是一般的日常用品)Cr:Accounts ...
Prepare the general journal entry for this transaction. A company purchased $500 of supplies on account. Prepare the general journal entry to record this transaction. A company purchased supplies on account for $790. Prepare the general journal entry to ...
There are many different types of journal entries. For example, the journal entry for an item that has been sold on credit will record the value of the sale as a debit in the accounts receivable and as a credit in the sales account. If the item has been sold for cash, the journal en...
What is the journal entry that a company records when it provides $5,200 of services for a customer on account? What journal entry does Fargo make to record the purchase of office supplies? What are the three dates and the journal entries for recording cash dividends? What would be th...
This journal entry would be:Debit Credit Supplies 500 Accounts Payable 5005. Paid $300 for supplies previously purchased. Since we previously purchased the supplies and are not buying any new ones, we analyzed this to decrease the liability accounts payable and the asset cash. To decrease a ...
Example:Suppose a company purchased stationery and some office supplies in cash for their office. The simple journal entry of this transaction will be as follows: 2. Compound Entry The compound journal entries consist of record transactions from three or more account names, meaning more than one ...
Belgium reporting layout 03 Taxable supplies and services at a sales tax rate of 21 percent.The delivery of a product or service transactions at a sales tax rate of 21 percent. Belgium reporting layout 54 VAT that is payable on the turnover that is included in codes 01, 02, and 03. Bel...
Each entry in the purchases journal is used later when preparing financial statements. This systematic recording helps in acknowledging the purchases made on credit and managing liabilities effectively. Definition Ledger:A book or collection of accounts in which account transactions are recorded. ...
(1) The double-entry system is based on the principle of duality.(T) (2) Every transaction affects at least two accounts.(T) (3) The entry for $50000 cashinvestmentin a business is Dr. Cash 50000 Cr. Capital 50000(T) (4) The Expenses in the owner’shouse paid with his personal ...