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 245 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
Great answer, keep it coming :)

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

The vertebrate vestibular system. The vertebrate vestibular system.
The female reproductive system. (a) Sagittal section through the pelvis. (b) Top view of pelvic orga The female reproductive system. (a) Sagittal section through the pelvis. (b) Top view of pelvic orga
First-pass effect. First-pass effect.
With input from sensory neurons, activation of the reticular activating system causes arousal of the ... With input from sensory neurons, activation of the reticular activating system causes arousal of the ...
A fuel system tester connected in series in the fuel system so all of the fuel used flows through ... A fuel system tester connected in series in the fuel system so all of the fuel used flows through ...
The Serial-Position Effect The Serial-Position Effect
Video: Digestive chemicals - types & enzymes

For a complete list of videos, visit our video library