What is double entry for the following transaction: Bought furniture fixture worth MK2000 on credit from ABC Enterprise
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What is double entry for the following transaction:
Bought furniture fixture worth MK2000 on credit from ABC Enterprise
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- ← Sedlor Properties purchased office supplies on account for $800. Which journal entry records the payment on account of those office supplies? (Assume the purchase occurred in a prior period.) O A. OB. O C. O D. Accounts and Explanation Office Supplies Cash Accounts and Explanation Accounts Payable Accounts Receivable Accounts and Explanation Accounts Payable Cash Cash Accounts and Explanation Accounts Payable Debit 800 Debit 800 Debit 800 Debit 800 Credit 800 Credit 800 Credit 800 Credit 800What is double entry for the following transaction: Bought van at MK5,000,000 paying chequePrepare a columns cash book from the following transcation for the year 31 december 2019.cash in hand Rs 18000 Received from ali and co Rs 1509 discount allowed Rs 60 Cash saled Rs 30000 Paid rashid sons Rs 1509 discount received Rs 40 Purchased goods for cahs Rs 900 Received from aslam Rs 7500 and discount allowed Rs 40 Purchased furniture for cash Rs 900
- 4-A Trader purchased goods for cash RO 50000. He is entitled to a trade discount@5%. The amount payable to supplier will be: a. RO 50000 b. RO 52500 c. RO 47500 d. RO 2500Make a transaction for each of the following general journal. Bank 10000 Cash 10000 Account Payable 50000 Motor Vehicle 50000 Account Payable 30000 Purchase Return 30000 Cash 25000 Sales Discount 10000 Sales 35000 Account Payable 45000 Purchase Discount 9000 Cash 36000S6-15 Prepare income statements using variable costing and absorption costing with no change in inventory levels (Learning Objective 6) Dalton's Products manufactures a single product. Cost, sales, and production information for the company and its single product is as follows: Selling price per unit is $65 Variable manufacturing costs per unit manufactured (includes direct materials (DM direct labor [DL and variable MOH) $31 • Variable operating expenses per unit sold $2 • Foxed manufacturing overhead (MOH) in total for the year $208,000 • Fixed operating expenses in total for the year $89,000 • Units manufactured and sold for the year 13,000 units
- Purchased equitment with $6,000 cash. What accounts does this go into in the journal?Use the following question to answer a question that follows. Lorato and Loago’s Trial Balance as at 31 December 2001 Dr Cr Capital accounts: Lorato 100000 Loago 50000 Current accounts: Lorato 200 Loago 600 Cash drawings for the year: Lorato 15000 Loago 10000 Freehold premises at cost 50000 Inventory at 1 January 2021 75000 Fixtures and Fittings at cost 15000 Purchases and purchase returns 380000 12000 Bank 31600 Sales and sales Returns 6000 508000 Accounts receivables and accounts payables 52400 33300 Carriage inwards 21500 Carriage outwards 3000 Staff salaries 42000 VAT 8700 Office expenses 7500 Provision for doubtful debts 2000 Advertising 5000 Discounts received 1000 Discounts Allowed 1200 Bad debts 1400 Rent and business rates 2800 Accumulated provision for depreciation offixtures and fittings 3000 720000 720000 At 31 December 2021:a. Inventory on hand was valued at P68, 000b.…Muscat Supplies LLC returned goods worth OMR 2,800. Which books of prime entry will record the above transaction? a. Purchase journal b. Cash disbursement journal c. General journal d. Sales journal
