This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A company with a perpetual inventory system purchases inventory on account. What is the effect of ... (Read 149 times)

Melani1276

  • Hero Member
  • *****
  • Posts: 516
on: Jul 5, 2018
A company with a perpetual inventory system purchases inventory on account. What is the effect of this transaction on the accounting equation?
 
  A) increase one asset and decrease another asset
  B) increase an asset and decrease retained earnings
  C) increase an asset and decrease a liability
  D) increase an asset and increase a liability

Question 2

A(n) ___________________ _ contains a listing of all items being deposited.
 Fill in the blank(s) with correct word


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sultansheikh

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 5, 2018
Answer to Question 1

D

Answer to Question 2

deposit ticket


Melani1276

  • Member
  • Posts: 516
Reply 2 on: Jul 5, 2018
Excellent

bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

A closed circulatory system. A closed circulatory system.
Trans-Alaska Pipeline System (TAPS) Crosses the Active Strike-Slip Denali Fault Trans-Alaska Pipeline System (TAPS) Crosses the Active Strike-Slip Denali Fault
Overview of the nervous system. Overview of the nervous system.
The respiratory system. The respiratory system.
Anatomy of the respiratory system Anatomy of the respiratory system
Microbiology with Diseases by Body System, 3e (Bauman) Microbiology with Diseases by Body System, 3e (Bauman)
Video: New DNA Strand Replication

For a complete list of videos, visit our video library