« previous next »

Author Question: Cash is used to pay for a car for personal use by the owner. The transaction includes a. debiting ... (Read 631 times)

jhjkgdfhk

  • Hero Member
  • *****
  • Posts: 569
on: Jul 5, 2018
Cash is used to pay for a car for personal use by the owner. The transaction includes
 a. debiting Cash and crediting Drawing.
   b. debiting Drawing and crediting Cash.
   c. debiting Capital and crediting Cash.
   d. debiting Car Expense and crediting Cash.

Question 2

Cash collections for October are ________.
 
  A) 117,000
  B) 179,800
  C) 194,000
  D) 176,400


LVPMS

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

Answer:B
October sales: (180,000  0.65) + September sales (200,000  0.25) +August sales (160,000  0.08) = 179,800


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

The respiratory system. (a) Sagittal section of the head and neck, revealing the organs of the upper The respiratory system. (a) Sagittal section of the head and neck, revealing the organs of the upper
The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own
Is it ethical to break the law to defend our personal integrity? Is it ethical to break the law to defend our personal integrity?
Chemicals can adversely affect personal protective equipment (PPE) in three ways: They can permeate ... Chemicals can adversely affect personal protective equipment (PPE) in three ways: They can permeate ...
Food vs Cash: Which Is More Effective for Alleviating Hunger? Food vs Cash: Which Is More Effective for Alleviating Hunger?
Personal Finance (5th Edition) (The Personal Series in Finance) Personal Finance (5th Edition) (The Personal Series in Finance)
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library