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Author Question: When posting column totals in the purchases journal, a credit should be posted to a. Merchandise ... (Read 170 times)

future617RT

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on: Jul 5, 2018
When posting column totals in the purchases journal, a credit should be posted to
 a. Merchandise Inventory
  b. Accounts Payable
  c. Sales Returns and Allowances
  d. Cash

Question 2

When a not-for-profit entity's funds are classified as restricted, who has imposed the restrictions?
 
  a. the entity's board of trustees
  b. donors
  c. the bondholders
  d. government regulators


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ilianabrrr

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

b

Answer to Question 2

b


future617RT

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  • Posts: 543
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

kthug

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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