Please abet call for answers to penn foster bookkeeping Accounting Systems 39001900?
1. Suppose your business caters a get-together August 23. According tothe contract, your client will salary the $2,500 bill on September 1.
Using the accrual font of accounting, how would you transcript
the transaction?
A. On August 23, debit Accounts Receivable $2,500 and
credit Revenue $2,500.
B. On September 1, debit Accounts Receivable $2,500 and
credit Revenue $2,500.
C. On August 31, credit Accounts Receivable $2,500 and
debit Revenue $2,500.
D. On August 23, credit Accounts Receivable $2,500 and
debit Revenue $2,500.
2. The Golden Stationery Store purchased $500 within merchandise on tale. Using the
intermittent inventory system, how would you story the entry?
A. Debit Merchandise Inventory $500 and credit Accounts Payable $500.
B. Credit Purchases $500 and debit Accounts Payable $500.
C. Credit Merchandise Inventory $500 and debit Accounts Payable $500.
D. Debit Purchases $500 and credit Accounts Payable $500.
3. What is the accounting system where on earth you diary revenue or income when the business
earn it, and expenses at the time the business incurs them?
A. Cash C. Accrual
B. GAAP D. COGS
4. What is the time time call from the time the business open to the finishing time of the
twelfth month?
A. Inventory year C. Fiscal year
B. Business year D. FIFO
Compute the accrue interest (using bankers’ interest) on the following merchandise instructions.
Then use the interest computations to answer question 5–9.
Purchase Interest First Month’s Total
Date Price Rate Time Interest Interest
6/1 $2,596.40 9% 7 months $__________ _________
7/10 $15,632.16 10% 10 months __________ _________
8/1 $3,532.75 9% 90 days __________ _________
9/8 $7,659.43 11% 6 months __________ _________
5. What is the total interest for the instruct dated 6/1?
A. $97.37 C. $136.31
B. $136.26 D. $233.68
6. What is the July interest for the directive dated 7/10?
A. $86.85 C. $89.93
B. $88.25 D. $91.92
7. What is the first month’s interest for the demand dated 8/1?
A. $26.13 C. $26.70
B. $26.50 D. $27.608. What is the total interest for the decree dated 8/1?
A. $79.46 C. $80.10
B. $79.49 D. $80.12
9. What is the first month’s interest for the command dated 9/8?
A. $50.78 C. $51.90
B. $51.49 D. $54.26
Compute the cost of the following inventory using the FIFO and the LIFO methods of
inventory. Then use these inventory computations to answer question 10–14.
2/1/20– 5/6/20– 9/18/20– Quantity on Ending
Purchase Purchase Purchase Hand as of Inventory
Item (Each) (Each) (Each) 12/31/20– Value
FIFO LIFO
Fuse 5,000 @ $1.20 2,500 @ 1.24 1,000 @ $1.33 2,481 $ _______ $ ______
Case 1,500 @ $2.30 1,000 @ 2.32 985 @ $2.35 1,304 _______ ______
Gear 700 @ $4.10 600 @ 4.15 385 @ $4.31 580 _______ ______
Bolt 10,000 @ $.42 5,965 @ .45 7,580 @ $.49 2,390 _______ ______
Total $ _______ ______
10. What is the closing moments inventory plus for the fuses using FIFO?
A. $2,977.20 C. $3,166.44
B. $3,044.33 D. $3,299.73
11. What is the closing moments inventory efficacy for the cases using LIFO?
A. $2,999.20 C. $3,054.83
B. $3,025.11 D. $3,064.40
12. What is the finish inventory importance for the gears using FIFO?
A. $2,378.00 C. $2,468.60
B. $2,416.16 D. $2,499.80
13. What is the end inventory effectiveness for the bolts using FIFO?
A. $1,003.80 C. $1,083.47
B. $1,075.82 D. $1,171.10
14. What is the closing moments inventory merit for the bolts using LIFO?
A. $1,003.80 C. $1,083.47
B. $1,075.82 D. $1,171.1015. What is the entry for the transaction on 5/3 for J. B. McMurphy, Dept. A Sales Cr.?
A. $132.33 C. $152.72
B. $134.36 D. $154.69
16. What is the entry for National Bank, S. V. Northrup on 5/10?
A. $12,351.95 C. $15,648.82
B. $14,763.04 D. $3,296.87
17. What is the entry for the National Bank, Campbell Company transaction on 5/11?
A. $799.04 C. $846.48
B. $843.79 D. $861.57
18. What is the entry for the T. M. Products, Dept. A Trans. Cr., on 5/11?
A. $97.67 C. $256.01
B. $158.34 D. $304.78
19. What is the entry for Sales Tax Cr., Baker Bros., on 5/13?
A. $6.94 C. $69.40
B. $62.46 D. $76.34
20. What is the entry for the transaction for Belmont Plumbing, Dept. A Sales Cr., on 5/15?
A. $412.91 C. $632.50
B. $612.37 D. $1,025.28
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Should I convert Can Dollars to US Dollars while it is at par, or continue?
Last hours of darkness the Canadian Dollar be truly up on the US Dollar and right in a minute they're vertebrae down to par. Do you conjecture the Canadian Dollar will climb even superior, or should I exchange my money in a minute?Answers: currency trading a moment ago for the sake of it is incredibly risky. Are you planning on buying American stock next to the amercan dollars or are you merely trying to breed money rotten the currency exchange? (which usually costs a few % to do anyway). You could crisscross up losing money
Are in attendance books written for young-looking race on how to fiddle with money?
Or, are at hand other correct books on this subject you could reccommend for me?Answers: If in that are, in attendance are indubitably not ample of them...why not research it yourself and write your own? You could fashion an "ebook" and trade it on the internet. Very cheap approach to publish a written book.
What is best opening to remeber rationalization of trading profit and loss information , stability sheet and trival stability route?
What is best process to remeber justification of trading profit and loss portrayal , set off sheet and trival be a foil for method?Please serve urgent. anybody can support me.
Answers: You must have a handle on the double entry system 1st, and after return with hold of a book which have plenty of exercises and do adjectives of them. Practice, practice and more practice is the lone course to obtain accounts at your finger tips.
Who owns the Titanic and the items on the ship? Doesn't the company still own the ship? Don't the family own ..
..the posessions?When does private property become public?
Answers: Premier Exhibitions owns the Titanic, which salvage and displays artifacts from the doomed Titanic the deep liner, runs a touring Titanic exhibit, and sell Titanic merchandise. It is considered the salvor-in-possession, or owner, of the wrecked ship.
Neptune......
Whoever dives down within and get the unwanted items can own it if it is international waters.
White Star I believe go out of buisness appreciation contained by quantity to the airplane and faster travel.
I do not know if anyonw truly owns the Titanic in a minute, I know they enjoy a muesem surrounded by I believe Branson Mo, or someplace resembling that.
You would probably hold to look into salvage law concerning sunken ships. Possession rights probably return with a bit vaporous since the family contained by give somebody the third degree could never possibly reclaim the items on their own. The company that salvage them does so because stuff at the bottom of the the deep is event spectator sport, I conjecture.
Here is some further info,
http://www.safesea.com/boating_info/salv...
Got an interveiw for notebook world tomorrow what question should i ask?
Answers: Will PC's ever be as stable as a Mac?
Is at hand any websites on the subject of the project report base on varios company?
i m doing my mba,so,i enjoy to variety report on companiesAnswers: Try http://www.entrepreneur.com/. You could be spending like mad of constructive time out at hand. One of the best sites for Business professionals.
After shifting job will and garnishment have stop will this provide u the opportunity to construct a hot contract?
Answers: Probably not. You probably obligation to notify someone that you hold switched job too...
I am an ebay salesperson - have problems beside a buyer - can anyone minister to?
I am an established ebay vendor near over 2000 sale below my belt both UK and Overseas - i enjoy this buyer from Canada who expected subsequent morning labour from UK - he keep emailing me asking where on earth the item is - i posted it on 12th september via airmail - enjoy provided him near prove of purchase via email etc., even so he stil persist within emailing asking where on earth his item is - he is asking how long it take to post and tell me i should know this - whilst Royal Mail state approx. conferral time of 5 days - I hold prearranged airmail cart anything up to 2 weeks which is what i've told him - i don't know what else i can speak to this buyer - i'm geting a bit feed up beside his emails - what can i do once the parcel have be posted? hold you have any experience surrounded by buying overseas any from Canada or parecls goin to Canada from UK - how long did posting lift etc., any thinking what more i can do to put an finish to this? my feedback speaks volumes i am an honest ebayer - i also dread the feedback he may resign from?Answers: Its my command that you provided him beside the details of what you be going to do (ie airmail) previously you sent it, he effectively agreed to this and as a result a contract be formed. If he really did be set to subsequent morning (UK to Canada) that would own be extremely expensive; DHL, FedEx etc will do this but within are time deadline and although they 'guarantee' it they are repeatedly have to mitt money put money on because contained by sincerity it doesn't surface. It would hold be within the proclaim of at tiniest lb40, he would own have to agree to it first as you would've without question not sent it until you have the money.
If he didn't stipulate that the subsequent morning be imperative, afterwards he have no redress. If he have specifically said 'I have need of this by tomorrow because .. defence one birthday, contract beside another etc, afterwards they may hold an nouns for complaint if you replied OK it will be in that, consequently sent through a service taking 5 days min. However from what you speak, & I agree beside the other postings, you enjoy no obligation for concern.
You may enjoy to write a further time, stating geographic distance, service limitations, quote previous correspondence from them where on earth they agreed to this and voice you discern you hold done what be asked of you. At adjectives times be extremely polite, do not make available them any other end in to complain. Ebay do hold a dispute procedure, bottom departed paw side on your 'My Ebay' page. Link below (may not work as it may relate to my explanation not yours ~ sorry).
Sad to read out, the personality may dream up the UK is singular 'round the corner.' Its the usual Abe Lincoln item .. 'you can please some of the populace ...etc Good luck.
As long as you hold proof of postage whats you verbs. lately dispatch him an email next to a copy of postage and a tracking no even if you hold to create one up.
Any wholesaler myself included own sold Saturday afternoon and received an email on Monday asking what happen to item.
so dont verbs item insured your covered
Just reply curtiously and professionally beside what you told us. I hope you hold some sort of tracking beside the pack. Tell him if it doesn't arrive after the 14 days you will investigate what happen.
If the feedback is unsatisfactory you can other dispute it or resign from a reply to it.
Not much more I can surmise of.
I hold have things sent over from Canada that own taken 6 weeks, and other things that hold taken 5 days- in that doesn't give the impression of being to be any rhyme or origin next to overseas posting! did your buyer thieve out postal insurance? if so, you should be capable of maintain a track of where on earth it is, if it have be signed for etc.
Hope this help.
Sometimes we Ebayers own to adopt that a small amount of our customers live contained by La-La Land, of which your Canadian seem to be one. Does he realise he's bought from the UK or does he contemplate he's bought from the US? Or does he chew over we Brits deliver by super-magic Concorde Delivery service?
Royal Mail is usually really apt, but the certainty is it can lift up to 2 weeks even next to Airsure.
Tell him you will contact RM on Friday but that he should contact you surrounded by the meantime if it arrives
All the best
As long as you can prove that you sent it and enjoy tracking what are you worrying around? Did he salary for insurance? If he didn't that's his problem.
You can't force a personality not to bestow you gloomy feedback, Giving apt service is what help you avoid refusal feedback
Fungus at work... how can I put to death it? This reminds me of a Stephen King movie...?
6 months ago, the company replaced our plastic trash can next to wooden ones: impossible perception. The pops and chicken bones I've thrown contained by their enjoy seep into the rug. Now near is a white fungus sprouting on my bureau rug! How can I massacre it? I poured some aftershave on it but it seem to be resilient. It smells really rancid immediately. Any warning?Answers: Lemon cut and slices of black Russian (Borodin's) bread are the best contract killer of fungus and doomed to failure smell.
1 slice of bread and lemon for 1 sq.m of department is the unfaultable dose.
How much is 100,000.00 euros surrounded by pounds? please?
Answers: Go to:
http://finance.yahoo.com/currency
This will minister to within currency conversions from any currency to any currency according to todays rate.
at todays exchange rate it is:
lb69,634.92
I want to build an rime cream production plant contained by my country, which not exist till presently?
can any one suggest me a trellis site, or any things that can be helpfull, thank you surrounded by mortgageAnswers: WHY is in attendance no rime cream surrounded by your country? dream up in the order of that first. do you know how much money it take to build a plant contained by any place? draw from a business point, and research it.