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

Author Question: A new computer, which had been estimated to cost 28,000, was received. The actual cost of the ... (Read 69 times)

nramada

  • Hero Member
  • *****
  • Posts: 580
on: Jul 6, 2018
A new computer, which had been estimated to cost 28,000, was received. The actual cost of the computer was 29,400 . To record this in the special revenue fund,
 
  A. Capital assets should be debited for 29,400
  B. Expenditures should be debited for 28,000
  C. Expenditures should be debited for 29,400
  D. There is no entry in the special revenue fund. The General Capital Assets account should be debited for 28,000.

Question 2

The special journal that is used to record all transactions when cash decreases.
 a. Cash receipts journal
   b. Cash payments journal
   c. Purchase journal
   d. General Journal


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vseab

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 6, 2018
Answer to Question 1

Thanks for your help Worked like a charm.

Answer to Question 2

b


nramada

  • Member
  • Posts: 580
Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

connor417

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Estimated terrestrial net primary productivity across Canada. Estimated terrestrial net primary productivity across Canada.
A client is having an endoscopy performed by a physician who views the upper gastrointestinal intern A client is having an endoscopy performed by a physician who views the upper gastrointestinal intern
All computer systems perform four basic functions: input, processing, storage, and output. All computer systems perform four basic functions: input, processing, storage, and output.
These photos show a rat burying a test object from which it has just received a single mild shock. These photos show a rat burying a test object from which it has just received a single mild shock.
Jump Right In: Essential Computer Skills Using Microsoft Office 2013 (2nd Edition) Jump Right In: Essential Computer Skills Using Microsoft Office 2013 (2nd Edition)
Computer Forensics: Principles and Practices 1st Edition Computer Forensics: Principles and Practices 1st Edition
Video: Contraction and Relaxation Animation

For a complete list of videos, visit our video library