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

Author Question: A new computer, which had been estimated to cost 28,000, was received. The actual cost of the ... (Read 70 times)

nramada

  • Hero Member
  • *****
  • Posts: 580
on: Jul 6, 2018
A new computer, which had been estimated to cost 28,000, was received. The actual cost of the computer was 29,400 . To record this in the special revenue fund,
 
  A. Capital assets should be debited for 29,400
  B. Expenditures should be debited for 28,000
  C. Expenditures should be debited for 29,400
  D. There is no entry in the special revenue fund. The General Capital Assets account should be debited for 28,000.

Question 2

The special journal that is used to record all transactions when cash decreases.
 a. Cash receipts journal
   b. Cash payments journal
   c. Purchase journal
   d. General Journal


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vseab

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 6, 2018
Answer to Question 1

Thanks for your help Worked like a charm.

Answer to Question 2

b


nramada

  • Member
  • Posts: 580
Reply 2 on: Jul 6, 2018
Gracias!

lindahyatt42

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Checking the 5 volt reference from the computer being applied to the TP sensor with the ignition ... Checking the 5 volt reference from the computer being applied to the TP sensor with the ignition ...
Total allowable and actual catch, Grand Bank Atlantic Cod 1959 -2012 Total allowable and actual catch, Grand Bank Atlantic Cod 1959 -2012
Predicted versus Actual GDP per Worker Predicted versus Actual GDP per Worker
Computer Models Computer Models
Computer-automated DNA sequencing using the chain-termination (Sanger) method Computer-automated DNA sequencing using the chain-termination (Sanger) method
Calculate the weighted-average cost of the following inventory purchases:DateQuantity ... Calculate the weighted-average cost of the following inventory purchases:DateQuantity ...
Video: Integumentary Anatomy

For a complete list of videos, visit our video library