Question: When a machine is bought for $ 8 0 0 0 0 0 , post the journalentry required, cash is paid

When a machine is bought for $800000, post the journalentry required, cash is paid

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The journal entry to record the purchase of a machine for 800000 in cash would be as follo... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...

Q:

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-4. Ivan and Irene paid the following in 2012 (all by check or can otherwise be...

Q:

7) The second financial statement to prepare is the statement of retained eamings. To determine the ending balance of retained earnings you need to start with the opening balance as reported in the...

Q:

Williamston Widgets, Inc. ( WWI or the Company ) wants to bring an improved line of widgets to the market. While their current widget machine can produce the new product, the Company wants to...

Q:

On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. 1 4 Apri 1 Nozomi invested $31.000 cash and computer...

Q:

CSLO KapCC ACC 201 Chap X Heidi Jana Opened Prongho x C Heidi Jera Opened Proghe X m/courses/48335/assignments/5434186?module_jtem_jd 16654237 G Concord Company ended it X Papage Heidi Jara opened...

Q:

BACKGROUND: Stockbridge Sprockets, Inc. ( SSI or the Company ) wants to bring an improved line of sprockets to the market. While their current sprocket machine can produce the new product, the...

Q:

Journal Entries Account Name Debit Credit Inventory $ 9 , 7 5 0 , 0 0 0 Accounts Payable $ 9 , 7 5 0 , 0 0 0 Rent Expense * $ 6 3 , 0 0 0 Cash * $ 6 3 , 0 0 0 Accounts Payable $ 9 , 7 5 0 , 0 0 0...

Q:

Question 9.11 On 1 July 2016, Kingdom Ltd acquired two assets within the same class of plant and equipment. Information on these assets is as follows: Revaluation of assets Machine A Machine B Cost...

Q:

Theres indirect table and direct table Required information The following information applies to the questions displayed below] The following financial statements and additional information are...

Q:

Provide a numerical example of a real or hypothetical situation showing how you would make hiring decisions using Managerial Accounting in Human Resources

Q:

Many companies have shifted from traditional annual performance appraisals to frequent, constructive, and future-focused development reviews. Writing a 4-page paper to explain this. Expectancy theory...

Q:

1 . Is Ashley s redesign plan, with the above information, likely to benefit from an RFP

Q:

Kitchen World Inc. is a Canadian controlled private corporation (CCPC) that operates a retail business selling cooking utensils, knives and small appliances for both professional chefs and home...

Q:

Snowden Industries produces two electronic decoders, P and Q. Decoder P is more sophisticated and requires more programming and testing than does Decoder Q. Because of these product differences, the...

Q:

Handling an angry customer Shawn Cornock purchased a new Star-1 model TL10G refrigerator from Steve Wu at Home Sweet Home Appliances. On Tuesday, the new refrigerator was delivered, and the old one...

Q:

How much fruit do adolescent girls eat? Figure 1.14 (page 39) is a histogram of the number of servings of fruit per day claimed by 74 seventeen-year-old girls. (a) With a little care, you can find...

Q:

Draw the starting materials (diene and dienophile) for the preparation of the following compounds. X COOH COOH

Q:

Fully describe how you will use the NAEYC Code of Ethical Conduct by outlining new strategies you will utilize. These strategies must be connected to the NAEYC Code of Ethical Conduct and should...

Q:

Ann hires a nanny to watch her two children while she works at a local hospital. She pays the 19-year-old nanny $125 per week for 48 weeks during the current year. a. What is the employer's portion...

Q:

Indicate, in each of the following situations, the number of exemptions the taxpayers are entitled to claim on their 2012 income tax returns. Number of Exemptions a. Donna, a 20-year-old single...

Q:

Professor Patricia (Patty) Pate is retired from the PalmSprings Culinary Arts Academy (PSCAA). She is a single taxpayer and is 68 years old. Patty lives at 98 Colander Street, Henderson, NV 89052....

Q:

A particle moving in the xy-plane has velocity at t = 0. It undergoes acceleration where b and c are constants. Find an expression for the particles velocity at a later time t?

Q:

Ships A and B leave port together. For the next two hours, ship A travels at 20 mph in a direction 30 west of north while ship B travels 20 east of north at 25 mph. a. What is the distance between...

Q:

A high-speed drill rotating ccw at 2400 rpm comes to a halt in 2.5 s. a. What is the magnitude of the drills angular acceleration? b. How many revolutions does it make as it stops?