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 253 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
Wow, this really help

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

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.

Procedures and Diagnostic Tests Related to the Integumentary System Procedures and Diagnostic Tests Related to the Integumentary System
Major components and functions of the nervous system. Major components and functions of the nervous system.
Alzheimer’s Drugs Work by Intensifying the Effect of Acetylcholine at the Receptor Alzheimer’s Drugs Work by Intensifying the Effect of Acetylcholine at the Receptor
The respiratory system. The respiratory system.
Overview of lymphatic system structures and the general direction of lymph flow from the extremities ... Overview of lymphatic system structures and the general direction of lymph flow from the extremities ...
Video: Green alga life cycle Animation

For a complete list of videos, visit our video library