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Author Question: The Town of Red Herring issued 60,000 of purchase orders. Assume that when all orders were received, ... (Read 115 times)

BrownTown3

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on: Jul 5, 2018
The Town of Red Herring issued 60,000 of purchase orders. Assume that when all orders were received, the actual cost was 59,000 . How much would be recorded as expenditures when the goods are received?
 
  A. 60,000.
  B. 59,000.
  C. 1,000.
  D. 0.

Question 2

Accounts are classified in the ledger
 a. chronologically
  b. alphabetically
  c. in accordance with their appearance in the financial statements
  d. so that accounts used most often are listed first


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mcomstock09

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

B

Answer to Question 2

c


BrownTown3

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Reply #2 on: Jul 5, 2018
Correct answers!


mcomstock09

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Reply #3 on: Jul 5, 2018
Great! Please up vote :D


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