A restaurant's cash register shows sales of $2,300 for the day. Of this amount, $1,100 was cash
Question:
A restaurant's cash register shows sales of $2,300 for the day. Of this amount, $1,100 was cash sales. The restaurant does not accept credit cards.
What amount represents the sales to be recorded to Accounts Receivable?
Land and a building was purchased by a restaurant for $325,000. The down payment was $100,000 and the remaining balance was financed by a mortgage.
What amount will be recorded to Mortgage Payable?
A restaurant makes the following food purchases, which will go directly to the stockroom: Vendor A for $85 cash and Vendor B for $395 on Accounts Payable.
What total amount will be recorded to Food Inventory?
A guest books an event to be held 8 months from today. The price will be $14,000, and the guest pays 20% of that amount today.
What amount will be recorded as a sale today?
A banquet hall purchases a building for $100,000 cash.
What bookkeeping accounts are affected?
Expert Answer:
The sales to be recorded to Accounts Receivable will be 1200 which is the amo... View the full answer
