A check drawn by a company for $270 in payment of a liability was recorded in the journal as $720. What entry is required in the company's accounts?
A) debit Accounts Payable; credit Cash
B) debit Cash; credit Accounts Receivable
C) debit Cash; credit Accounts Payable
D) debit Accounts Receivable; credit Cash
C
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Based on the following data, what is the acid-test ratio, rounded to one decimal point? Accounts payable $ 30,000 Accounts receivable 60,000 Accrued liabilities 5,000 Cash 30,000 Intangible assets 50,000 Inventory 69,000 Long-term investments 80,000 Long-term liabilities 100,000 Marketable securities 30,000 Fixed assets 670,000 Prepaid expenses 1,000
A) 3.4 B) 3.0 C) 2.2 D) 1.8
Tweeted ads must clearly indicate that they are, in fact, ads by including some equivalent of "ad" or "sponsored."
Indicate whether the statement is true or false
A(n) _____ is a marketplace that provides auctions, request for quote postings, and other features to companies that want to operate their own marketplaces
a. private store b. independent industry marketplace c. customer portal d. private company marketplace
In _____ purchasing, by negotiating contracts in advance, companies can obtain low prices and good delivery terms
Fill in the blank(s) with correct word