This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The Town of Red Herring issued 60,000 of purchase orders. Assume that when all orders were received, ... (Read 133 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcomstock09

  • Sr. Member
  • ****
  • Posts: 377
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

c


BrownTown3

  • Hero Member
  • *****
  • Posts: 564
Reply #2 on: Jul 5, 2018
Correct answers!


mcomstock09

  • Sr. Member
  • ****
  • Posts: 377
Reply #3 on: Jul 5, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Blocked at every turn by congressional Republicans who hated him, President Obama turned to techniqu Blocked at every turn by congressional Republicans who hated him, President Obama turned to techniqu
This engraving of the Boston Massacre (1770) became the most reprinted depiction of the event, and p This engraving of the Boston Massacre (1770) became the most reprinted depiction of the event, and p
Creede, Colorado, circa 1890, a rough silver mining town that grew from 660 people in 1889 to over 1 Creede, Colorado, circa 1890, a rough silver mining town that grew from 660 people in 1889 to over 1
Sample purchase order form. Sample purchase order form.
One indication of the remarkable transformation of Harlem is town hall meetings. This one was held ... One indication of the remarkable transformation of Harlem is town hall meetings. This one was held ...
ELEMENTS OF ARCHITECTURE: Roman Architectural Orders ELEMENTS OF ARCHITECTURE: Roman Architectural Orders
Video: Integumentary Anatomy

For a complete list of videos, visit our video library