This topic contains a solution. Click here to go to the answer

Author Question: A new computer, which had been estimated to cost 28,000, was received. The actual cost of the ... (Read 65 times)

nramada

  • Hero Member
  • *****
  • Posts: 580
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
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
:D TYSM


vickybb89

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Gracias!

 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

For a complete list of videos, visit our video library