A check drawn by a company in payment of a voucher for $635 was recorded in the journal as $365. 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
A
You might also like to view...
"What shall we do about the problem?" is the question that would most likely be asked during the ______ stage of OD.
A. changing B. diagnosis C. feedback D. treatment or intervention E. evaluation
Dividing buyers into groups based on their knowledge, attitudes, uses, or responses to a product is called ________ segmentation
A) behavioral B) psychographic C) age and life-cycle D) user status E) geographic
Sheddon Industries produces two products. The products' identified costs are as follows: Product A Product BDirect materials$20,000 $15,000 Direct labor 12,000 $24,000 The company's overhead costs of $108,000 are allocated based on direct labor cost. Assume 4,000 units of product A and 5,000 units of Product B are produced. What is the cost per unit for product B? (Do not round your intermediate calculations.)
A. $22.20 B. $16.80 C. $7.80 D. None of the answers are correct.
Identify the noun in this sentence: She found the website
a. found b. She c. website