This topic contains a solution. Click here to go to the answer

Author Question: Office supplies were sold by Janer's Cleaning Service at cost to another repair shop, with cash ... (Read 111 times)

Pineappleeh

  • Hero Member
  • *****
  • Posts: 585
Office supplies were sold by Janer's Cleaning Service at cost to another repair shop, with cash received. Which ofthe following entries for Janer's Cleaning Service records this transaction?
 a. Office Supplies, debit; Cash, credit
  b. Office Supplies, debit; Accounts Payable, credit
  c. Cash, debit; Office Supplies, credit
  d. Accounts Payable, debit; Office Supplies, credit

Question 2

At the end of the year, the direct costs traced to jobs using the budgeted rates will equal actual direct costs.
 
  Indicate whether this statement is true or false.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lucas dlamini

  • Sr. Member
  • ****
  • Posts: 327
Answer to Question 1

c

Answer to Question 2

Answer: FALSE




Pineappleeh

  • Member
  • Posts: 585
Reply 2 on: Jul 5, 2018
Excellent


Laurenleakan

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Gracias!

 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

For a complete list of videos, visit our video library