Mocha Coffee Shop has asked the accountant to keep track of the purchases for beverage, food, and retailitems. The accountant has implemented a purchases journal. Which of the following columns should be included inthe new purchases journal?
a. Accounts Payable Cr., Beverage Supplies Dr., Food Supplies Dr., Retail Items Dr., Other Accounts Dr.
b. Accounts Payable Dr., Other Accounts Dr., Beverage Supplies Cr., Food Supplies Cr., Retain Items Cr.
c. Beverage Supplies Dr., Food Supplies Dr., Retail Items Dr., Other Accounts Dr., Cash Cr.
d. Beverage Supplies Dr., Food Supplies Dr., Retail Items Dr., Other Accounts Cr., Accounts Payable Dr.
Question 2
On March 1, 2012, a not-for-profit organization received a donation of securities worth 4,500 . When it prepared its financial statements at December 31, 2012, the securities had a fair value of 5,200 .
When it sold the securities on June 30, 2013, it received 4,600 . The entity's accounting procedures call for reporting all unrealized and realized gains and losses in a single account. How should it report its gains and losses in 2012 and 2013?
a. no change in 2012; a gain of 100 in 2013
b. a gain of 100 in 2012; no change in 2013
c. a gain of 700 in 2012; a loss of 600 in 2013
d. no change in 2012; a loss of 600 in 2013
Movement of a bolus of food from the mouth to the esophagus. The bolus then travels to the stomach.
The movement of a bolus of food from the mouth to the stomach via the esophagus.
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