« previous next »

Author Question: J. Smith purchases merchandise from Hi-View Industries for 25,250 on account. Upon inspection of the ... (Read 17 times)

Metfan725

  • Hero Member
  • *****
  • Posts: 552
on: Jul 6, 2018
J. Smith purchases merchandise from Hi-View Industries for 25,250 on account. Upon inspection of the merchandise received, J. Smith discovers damaged goods in the amount of 1,000 and requests to return the damaged merchandise to Hi-View Industries. What source document would Hi-View industries use for the journal entry to process this return?
 a. Debit Memorandum
   b. Credit Memorandum
   c. Purchase Memorandum
   d. Return Memorandum

Question 2

General purpose external financial reports for state and local government entities should include
 
  a. Government-wide financial statements
  b. Management's discussion and analysis.
  c. Fund financial statements.
  d. Note disclosures.
  e. All of the above should be included in general purpose external financial reports.
  f. Items a and c only.


morganmarie791

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 6, 2018
Answer to Question 1

b

Answer to Question 2

E


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Top view of a cast of the LB1 skull Top view of a cast of the LB1 skull
This engraving by William Russell Birch shows Congress Hall (left), which was occupied by Congress f This engraving by William Russell Birch shows Congress Hall (left), which was occupied by Congress f
The kidney with an expanded view of the nephron. The kidney with an expanded view of the nephron.
Dermatomes of body, anterior view Dermatomes of body, anterior view
Posterior view of midbrain in relation to brain stem Posterior view of midbrain in relation to brain stem
Development of the Eyes and Ears: External View - 28 days Embryo Development of the Eyes and Ears: External View - 28 days Embryo
Video: Global warming and its effect on climate change

For a complete list of videos, visit our video library