I Only Want The Correct Option in these MCQs can u please help me 27. Sami returned faulty goods to Yasmin, the supplier.Which document did Sami send to Yasmin?a. credit noteb. debit notec. invoiced. statement of accountThe totals of a trial balance did not agree. The total of the debit column was $13 400. It wasfound that the purchases journal had been overcast by $195 and goods bought from supplier Xfor $85 had been incorrectly credited28. What was the total of the credit column of the trial balance?a. $13 120b. $13 205c. $13 595d. $13 68029. Jon paid $18 000 for machinery on 1 January 2016. He depreciated this asset using thediminishing (reducing) balance method at 5% per annum.What was the balance on the provision for depreciation account on 1 January 2018?a. $1755 creditb. $1755 debitc. $1800 creditd. $1800 debit30. A trader spreads the cost of a machine over the years which benefit from the use of thatmachine. Which accounting principle is being applied?a. accounting yearb. dual aspectc. matching / accrualsd. materiality31. Performing services on account will have the following effects on the components of thebasic accounting equation:a. increase assets and decrease owner's equity.b. increase assets and increase owner's equity.c. increase assets and increase liabilities.d. increase liabilities and increase owner's equity8 32. During 2012, Gibson Company's assets decreased $50,000 and its liabilities decreased$90,000. Its owner's equity therefore:a. increased $40,000b. decreased $140,000c. decreased $40,000d. increased $140,00033. An account that will have a zero balance after closing entries have been journalized andposted is:a. Service Revenue.b. Supplies.c. Prepaid Insurance.d. Accumulated Depreciation-Equipment.34. The trial balance shows Supplies $0 and Supplies Expense $1,500. If $800 of supplies are onhand at the end of the period, the adjusting entry is:a. Debit Supplies $800 and credit Supplies Expense $800.b. Debit Supplies Expense $800 and credit Supplies $800.c. Debit Supplies $700 and credit Supplies Expense $700.d. Debit Supplies Expense $700 and credit Supplies $70035. Adjustments for accrued revenues:a. have a liabilities and revenues account relationship.b. have an assets and revenues account relationship.c. decrease assets and revenues.d. decrease liabilities and increase revenues.36. When Alexander Company purchased supplies worth $500, it incorrectly recorded a credit toSupplies for $5,000 and a debit to Cash for $5,000. Before correcting this error:a. Cash is overstated and Supplies is overstated.b. Cash is understated and Supplies is understated.c. Cash is understated and Supplies is overstated.d. Cash is overstated and Supplies is understated9.

1. Whenever the Buyer Returns any goods to the seller he has to provide them the Debit note and the…

Answered: Only Want The Correct Option in these…

Business

Accounting

Only Want The Correct Option in these MCQs can u please help me

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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How would I calculate this problem? I just guessed on which answer made sense to me. Please help. thank you in advance.
Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!
Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!
Discuss a monetization model that would work for the app.
Start Here-Introduction to Man X * CengageNOwv2 | Online teachin x v.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false M Gmail O YouTube Maps I KOT4X Kings of Tra. A Tradingview * MindTap - Cengage.. еВook Show Me How Calculator Support Department Cost Allocation-Reciprocal Services Method Brewster Toymakers Inc. produces toys for children. The toys are produced in the Molding and Assembly departments. The Janitorial and Security departments support the production of the toys. Costs from the Janitorial Department are allocated based on square feet. Costs from the Security Department are allocated based on asset value. Relevant department information is provided in the following table: Janitorial Security Molding Assembly Department Department Department Department Square feet 650 1,600 1,600 4,800 Asset value $200 $220 $1,800 $2,000 Department cost $2,000 $1,600 $10,800 $12,200 Using the reciprocal services method of support department…
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Can you help solve this problem. I have one more try.