Business, 16.03.2020 17:07, 19thomasar
Davis Hardware Company uses a periodic inventory system. How should Davis record the sale of inventory costing $620 for $960 on account? 1. Cost of Goods Sold 620 Purchases 620 Accounts Receivable 960 Sales Revenue 960 2. Accounts Receivable 960 Sales Revenue 960 3. Purchases 620 Gain 340 Sales Revenue 960 4. Accounts Receivable 960 Sales Revenue 620 Gain 340
Answers: 3
Business, 22.06.2019 03:10, samantha636
On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.
Answers: 3
Business, 22.06.2019 12:50, sunshine0613
Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.
Answers: 3
Davis Hardware Company uses a periodic inventory system. How should Davis record the sale of invento...
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