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

Author Question: The Town of Red Herring issued 60,000 of purchase orders. Assume that when all orders were received, ... (Read 66 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
on: Jul 5, 2018
The Town of Red Herring issued 60,000 of purchase orders. Assume that when all orders were received, the actual cost was 59,000 . How much would be recorded as expenditures when the goods are received?
 
  A. 60,000.
  B. 59,000.
  C. 1,000.
  D. 0.

Question 2

Accounts are classified in the ledger
 a. chronologically
  b. alphabetically
  c. in accordance with their appearance in the financial statements
  d. so that accounts used most often are listed first


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcomstock09

  • Sr. Member
  • ****
  • Posts: 377
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

c


BrownTown3

  • Hero Member
  • *****
  • Posts: 564
Reply #2 on: Jul 5, 2018
Correct answers!


mcomstock09

  • Sr. Member
  • ****
  • Posts: 377
Reply #3 on: Jul 5, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Guidelines for telephone are verbal orders Guidelines for telephone are verbal orders
Medical assistants can quickly pull up a patient record when a phone call is received. Medical assistants can quickly pull up a patient record when a phone call is received.
The official “Do Not Use” list as issued by The Joint Commission. The official “Do Not Use” list as issued by The Joint Commission.
The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population
These photos show a rat burying a test object from which it has just received a single mild shock. These photos show a rat burying a test object from which it has just received a single mild shock.
ELEMENTS OF ARCHITECTURE: Roman Architectural Orders ELEMENTS OF ARCHITECTURE: Roman Architectural Orders
Video: Epinephrine/NE (heart rate, altered blood flow, glycogenolysis & bronchodilation)

For a complete list of videos, visit our video library