« previous next »

Author Question: Which of the following entries records the investment of cash by Taylor Thomas, owner of a ... (Read 234 times)

xroflmao

  • Hero Member
  • *****
  • Posts: 515
on: Jul 5, 2018
Which of the following entries records the investment of cash by Taylor Thomas, owner of a proprietorship?
 a. debit Taylor Thomas, Capital; credit Accounts Receivable
  b. debit Cash; credit Taylor Thomas, Capital
  c. debit Taylor Thomas, Drawing; credit Cash
  d. debit Cash; credit Taylor Thomas, Drawing

Question 2

A company may choose to use budgeted rates to allocate direct labor accounts if direct labor costs are difficult to trace to jobs as they are completed.
 
  Indicate whether this statement is true or false.


nyrave

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

Answer: TRUE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Thomas Anshutz, Steamboat on the Ohio. Thomas Anshutz, Steamboat on the Ohio.
A computerized patient registration form used by offices with electronic health records. A computerized patient registration form used by offices with electronic health records.
A release form for medical records. A release form for medical records.
Examples of SOAP Note entries. Examples of SOAP Note entries.
Reaction 3: The Second Investment of ATP Reaction 3: The Second Investment of ATP
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Video: Bone elongation - processes at the epiphyseal plate

For a complete list of videos, visit our video library