Author Question: The Credit Card Expense column would most likely be found in a. the purchases journal. b. the ... (Read 365 times)

kwoodring

  • Hero Member
  • *****
  • Posts: 560
The Credit Card Expense column would most likely be found in
 a. the purchases journal.
   b. the cash payments journal.
   c. the sales journal.
   d. the cash receipts journal.
   e. all the special journals.

Question 2

Assume that a governmental entity acquires a new garbage truck. The garbage truck costs 189,000 . The vendor allowed a 30,000 allowance with the trade-in of the entity's old garbage truck, which had a net book value of 42,000 .
 
  The government financed the balance with a short-term bank note. The new garbage truck would be recorded in the General Capital Assets account at
  a.  0
  b. 189,000
  c. 159,000
  d. 177,000
  e. 207,000



Yixagurpuldink

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

d

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

For a complete list of videos, visit our video library