Author Question: The Town of Red Herring issued 60,000 of purchase orders. Assume that when all orders were received, ... (Read 130 times)

BrownTown3 · **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

mcomstock09 · **Reply #1 on:** Jul 5, 2018

Answer to Question 1

B

Answer to Question 2

c

BrownTown3 · **Reply #2 on:** Jul 5, 2018

Correct answers!

mcomstock09 · **Reply #3 on:** Jul 5, 2018

Great! Please up vote

Author Question: The Town of Red Herring issued 60,000 of purchase orders. Assume that when all orders were received, ... (Read 130 times)

BrownTown3

The Town of Red Herring issued 60,000 of purchase orders. Assume that when all orders were received, ...

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mcomstock09

The Town of Red Herring issued 60,000 of purchase orders. Assume that when all orders were received, ...

BrownTown3

The Town of Red Herring issued 60,000 of purchase orders. Assume that when all orders were received, ...

mcomstock09

The Town of Red Herring issued 60,000 of purchase orders. Assume that when all orders were received, ...