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Author Question: Team Shirts, Inc. pays 5,000 cash for T-shirts from a supplier. This transaction ________. A) is ... (Read 113 times)

DyllonKazuo

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on: Jul 5, 2018
Team Shirts, Inc. pays 5,000 cash for T-shirts from a supplier. This transaction ________.
 
  A) is a financing activity
  B) causes an increase in total assets
  C) is an operating activity
  D) is an investing activity

Question 2

Merchandise is ordered on November 10; the merchandise is shipped by the seller and the invoice is prepared, dated, and mailed by the seller on November 13; the merchandise is received by the buyer on November 18; the entry is made in the buyer's accounts on November 20 . The credit period begins with what date?
 a. November 10
  b. November 13
  c. November 18
  d. November 20


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kardosa007

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Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

b


DyllonKazuo

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

softEldritch

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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