Why arent all transactions recorded in the general journal?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
Companies use a number of special journals to improve record ...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Financial Reporting and Analysis Using Financial Accounting Information
ISBN: 978-1439080603
12th Edition
Authors: Charles H Gibson
Question Posted:
Students also viewed these Accounting questions
-
The following transaction has been recorded in the general journal interest expense150 interest payable 150 how will this transaction affect the company's financial statements after it is posted to...
-
Why are cash and stock dividends recorded in the general journal but stock splits are not?
-
The series of seven transactions recorded in the following T-accounts were related to a sale to a customer on account and the receipt of the amount owed. Briefly describe eachtransaction. CASH NOTES...
-
Use the test of your choice to determine whether the following series converge. + + +
-
Complementation occurs when two defective alleles in two different genes are found within the same organism and produce a normal phenotype. What other examples of complementation have we encountered...
-
Distinguish between the release of liability for a veteran and the restoration of entitlement?
-
You invest \($17,000\) in a mutual fund recommended by a fellow Dallas Mavericks sports fan. The fund is known to have \highs and lows," but your friend virtually guarantees you will beat the market...
-
Why can't we pay our shareholders a dividend? shouted your new boss. This income statement you prepared for me says we earned $5 million in our first half-year! You were hired last month as the chief...
-
Issued a check to establish a petty cash fund of $ 4 , 5 0 0 . Record the transaction in the general journal. ( From the General Ledger module, select Tasks and General Journal to add the entry....
-
A water sample from which 10, 1, and 0.1 ml/100mL dilutions resulted in 5, 4 and 3 positive lactose-fermentation tubes, respectively. Determine the MPN/100 mL through finding the maximum value of...
-
A typical accrual recognition for salaries is as follows: Salaries Expense ....... $1,000 (increase) Salaries Payable ....... 1,000 (increase) Explain how the matching concept applies in this...
-
Why would the use of insider information be of concern if the market is efficient?
-
Visit earth.google.com and explore the system's capabilities. (You can download a free copy of the software.) In particular, look at the business and government applications of the technology, such...
-
Calculate the consistent and lumped mass matrices of a plane frame element. The crosssectional area of the element is A A , length L L , and density .
-
The plaintiff worked in a maintenance department for the defendant, a railway company, as a forklift operator. She was the only female worker in that department, and her supervisor repeatedly told...
-
Look up the values of the CPI in December 1989 and in December 2009 and the Dow Jones Industrial Average on December 31, 1989, and on December 31, 2009. Did consumer prices or stock prices increase...
-
Ann Snodgrass, an Illinois resident, was at various times an instructor at Massachusetts Institute of Technology, Berklee College of Music, and Boston University. Each of these schools is located in...
-
Express the magnetic field due to a uniformly moving charged particle in terms of the electric field of the particle and its velocity.
-
Describe the set in cylindrical coordinates. y 2 + z 2 4, x = 0
-
Define relevant costs and discuss: (1) whether all future costs are relevant for decision making and (2) whether variable costs are always relevant and fixed costs are always irrelevant
-
The price of wheat has fallen from $9 a bushel to $7 a bushel in the past seven months as rain and snow fell on the southern states. Explain the effect of the fall in the wheat price on the market...
-
Can a single set of financial statements satisfy all objectives of financial reporting? Explain.
-
Which objective of financial reporting is most important? Explain.
-
Explain the difference between period and product costs. How is each type of cost accounted for?
-
Problem: Module 3 Textbook Problem 5 Learning Objective: 3-6 Using the straight-line method show how bonds issued at a discount. affect financial statements Diaz Company issued $91,000 face value of...
-
Manvir had to make payments of $1,125 every 6 months to settle a $22,000 loan that he received at 4.52% compounded semi-annually. a. How long did it take to settle the loan?
-
If I invest a single amount of $14,000 in an account earning 8% p.a. compounding quarterly for 5 years, how much interest will I have earned in those 5 years?
Study smarter with the SolutionInn App