Copper, Inc purchased merchandise worth $1,800 on credit, terms n/30. What is the required journal entry to record the transaction under the periodic inventory system?
A) Accounts Receivable 1,800 Purchases 1,800
B) Purchases 1,800 Accounts Payable 1,800
C) Merchandise Inventory 1,800 Accounts Payable 1,800
D) Accounts Payable 1,800 Merchandise Inventory 1,800
B
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The two cofounders of Network Appliance, a data-storage firm in Sunnyvale, California, were feuding with each other because one founder couldn't stick to his decisions, which drove the other founder crazy. A(n) ____________ began working with the warring executives in separate sessions to solve the problem.
A. organizational behavior specialist B. family doctor C. informational technologist D. acquisition consultant E. labor relations specialist
[The following information applies to the questions displayed below.]On January 1, Year 1, Hanover Corporation issued bonds with a $70,500 face value, a stated rate of interest of 8%, and a 5-year term to maturity. The bonds were issued at 97. Hanover uses the straight-line method to amortize bond discounts and premiums. Interest is payable in cash on December 31 each year.How much interest expense will Hanover report on its income statement on December 31, Year 1?
A. $5,640 B. $423 C. $6,063 D. $2,115
Which of the following does not explain why organizations are prone to inertia and slow to change?
A. political barriers B. entry barriers C. personal time constraints D. vested interests in the status quo
Data latency includes the tests and evaluations used to determine compliance with data governance polices to ensure correctness of data.
Answer the following statement true (T) or false (F)