4/2 Purchased three computers and a printer from Best Buy for $2,000 how to solve this problem? with puting into general journal as debit and credit side?
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Purchased three computers and a printer from Best Buy for $2,000
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- An accountant recommends a local computer company to a client that is trying to upgrade its computerized sales records. The client purchases $25,000 worth of equipment and sends a check to the accountant for 5 percent of the total sales. This is an example of aa. Commission.b. Contingent fee.c. Referral fee.d. Nonaudit fee.1. Returned 20 widget product units (that were purchased on account) to the vendor who adjusted our bill 2. Sold 280 widget product units for $16 each for cash to Marsha Brady 15. 3. Sold 250 widget product units for $16 on account to Greg Brady. 4. Received $80 in advance from a customer who expects to purchase items from us in the near future . Register every transaction in the journal Entry.The cashier for Bell Buoy rang up sales totaling $5,100, but had $5,110 to deposit, which journal entry would be recorded? Multiple Choice A debit to Cash for $5,110, a credit to Cash Overage for $10, and a credit to Sales Revenue for $5,100. A debit to Sales for $5,110, a debit to Cash Overage for $10, and a credit to Cash for $5,100. A debit to Cash for $5,100, a debit to Cash Shortage for $10, and a credit to Sales Revenue for $5,110. A debit to Cash for $5.100. a debit to Cash Shortage for $10, and a credit to Unearned Revenue for $5.110 < Prev 34 of 50 Next
- Jervis sels $4,300 of its accounts receivable to Northem Bank in order to obtain necessary cash. Northem Bank charges 2 tactoing fee Wmat entry should Jervis make to record the transaction? Multiple Choice Debir Accounts Receivable $4,300; credit Factoring Fee Expense $86; credit Cash $4214 Debit Accounts Receivable $4,214; debit Factoring Fee Expense $86; credit Cash $4,300. Debit Cash $4,300; credit Factoring Fee Expense $86; credit Accounts Receivable $4,300COSTS & FEATURES OF A CHECKING ACCOUNT Read each situation below, then circle the choice that you think is the best banking solution. In the last column, describe why you believe it was the best banking solution. 1 DR = 2% 2 SITUATION 102 7.50 1. Monica typically has about $750 in her checking account. She also uses a debit card wand online banking regularly. 750 Xby 2 7:03 The Vasquez family keeps a balance of $3,000 in their checking account. They use checks to pay their household bills and use their debit card sparingly. CHOICES a. Bank of Texas charges a $10 monthly fee for online banking. b. Bank of the South charges 2% of the checking account balance. a. Texas First charges 1% of the checking account balance. b. State Bank charges a $3 fee for each written check and a $5 per month debit card fee. EXPLANATION 7.50 Y 02- $15.00 Skyld Skylar has a part-time job and makes about $200 per week. She would like to be able to access her bank account online. a. First State Bank charges a…You have two credit cards with the following balances: Card A Credit limit: $20,000 Current Balance: $2,000 Card B Credit limit $25,000 Current Balance $ 14,000 Assuming that both cards have been held by you for the same amount of time and you make regular payments on time. Which card is harming your credit more than the other one? Show your work and explain.
- I have to do my accounting problems on excel and I have to record the transactions, but have a total for each column. If someone bought a computer from wardens office outfitters, $1,636, paying $750 in cash and placing the balance on account what does that mean exactly? I have other questions to but I'm not sure how this works.I am not exactly sure what this question is asking me to do. The attached image is the information that is given to me. Below are the questions that I need to solve. The answer to question A is 3,650. That was given to me in the problem.Unknown Amounts Requireda. Total cash received $3,650b. Total cash collected from credit customersc. Notes payable repaid during the periodd. Good and services received from suppliers on accounte. Net income, assuming that no dividends were paidConsider these transactions: (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) (b) Carla Vista Restaurant accepted a Visa card in payment of a $250 lunch bill. The bank charges a 2% fee. What entry should Carla Vista make? Tamarisk Company sold its accounts receivable of $67,100. What entry should Tamarisk make, given a service charge of 2% on the amount of receivables sold? No. Account Titles and Explanation (a) (b) Debit Credit
- I Only wants the correct option like A, B, C, D, or E 1. Geek Squad performs services for a customer and bills the customer for $500. How wouldGeek Squad record this transaction?a. Accounts receivable increase by $500; revenues increase by $500.b. Cash increases by $500; revenues increase by $500.c. Accounts receivable increase by $500; revenues decrease by $500.d. Accounts receivable increase by $500; accounts payable increase by $500.e. Accounts payable increase by $500; revenues increase by $500. 2. Indicate which of the following statements is true.a. Since intangible assets lack physical substance, they need be disclosed only in the notes to thefinancial statements.b. Goodwill should be reported as a contra-account in the owner’s equity section.c. Totals of major classes of assets can be shown in the balance sheet, with asset details disclosedin the notes to the financial statements.d. Intangible assets are typically combined with plant assets and natural resources and shown…Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) Blue Spruce Restaurant accepted a Visa card in payment of a $125 lunch bill. The bank charges a 4% fee. What entry should Blue Spruce make? (b) Swifty Company sold its accounts receivable of $90,000. What entry should Swifty make, given a service charge of 2% on the amount of receivables sold?wner contributed computer costing RO. 9000, inventory worth OR 8000 and in cash OR 32000 . What is his Capital ? Select one: a. OR 49000 b. OR 8000 c. OR 32000 d. OR 39000 Rent revenue received OMR 3500 by cheque . The correct entry--- Select one: a. CASH A/C DR RENT A/C CR b. BANK A/C DR RENT A/C CR c. RENT A/C DR CASH A/C CR d. RENT A/C DR BANK A/C CR If a business has purchased goods for OMR 50000 and 25%was on account . Find out value of account payable? Select one: a. OMR 12500 b. OMR 50000 c. OMR 37500 d. OMR 32500
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