PetWorld receives an invoice from a vendor for a pallet of dog food. What is the first action PetWorld should take? Select an answer: Provide a description of the product purchased. Create a bill to reflect the expense in Profit and Loss. Enter a bill date for the payment due to the vendor.
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PetWorld receives an invoice from a vendor for a pallet of dog food. What is the first action PetWorld should take?
Select an answer:
-
Provide a description of the product purchased.
-
Create a bill to reflect the expense in Profit and Loss.
-
Enter a bill date for the payment due to the vendor.
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- Review the following transactions and prepare any necessary journal entries for Olinda Pet Supplies. A. On March 2, Olinda Pet Supplies receives advance cash payment from a customer for forty dog food dishes (from their Dish inventory), costing $25 each. Olinda had yet to supply the dog food bowls as of March 2. B. On April 4, Olinda provides all of the dog food bowls to the customer.In the Payments Journal window, invoices being paid will display the: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to sele a b с d Number of items sold on the invoice. The transaction due date. Credit terms. All of the above.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.