JE
Jesse Ebinger
Answers (3)
JE
Answered
Analyzing the disclosures pertaining to deferred income taxes can provide relevant insights into the actions that a company's management has taken to manipulate net income.
On May 13, 2024
True
JE
Answered
Marshall Supplies is a janitorial supply store that uses perpetual inventory. Journalize the following transactions:July 4Marshall purchases inventory for sale from Tidy Wholesalers for $8,500 with terms 1/10, n/30.5Marshall pays Express Transfer $45 for freight on the July 4 order.7Marshall buys an additional $11,985 in inventory from Tidy Wholesalers with terms 1/10, n/30.13Marshall pays Tidy Wholesalers the balance due on both invoices.??? Journal Date Description Post. Ref. Debit Credit \textbf { Journal } \\\begin{array} { | c | c | c | c | c | } \hline \textbf { Date } & \textbf { Description } & \begin{array} { c } \textbf { Post. } \\\textbf { Ref. }\end{array} & \textbf { Debit } & \textbf { Credit } \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline\end{array} Journal Date Description Post. Ref. Debit Credit ?
On May 13, 2024
?? Journal Date Description Post. Ref. Debit Credit July 4 Merchandise Inventory 8,415.00 A/P-Tidy Wholesalers 8,415.005 Merchandise Inventory 45.00 Cash 45.007 Merchandise Inventory 11,865.15 A/P-Tidy Wholesalers 11,865.1513 A/P-Tidy Wholesalers 20,280.15 Cash 20,280.15\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\textbf { Journal } \\\begin{array}{|c|c|c|c|c|}\hline \text { Date } & \text { Description } & \begin{array}{l}\text { Post. } \\\text { Ref. }\end{array} & \text { Debit } & \text { Credit } \\\hline \text { July } 4 & \text { Merchandise Inventory } & & 8,415.00 & \\\hline & \text { A/P-Tidy Wholesalers } & & & 8,415.00 \\\hline 5& \text { Merchandise Inventory } & & 45.00 & \\\hline & \text { Cash } & & & 45.00 \\\hline 7 & \text { Merchandise Inventory } & & 11,865.15 & \\\hline & \text { A/P-Tidy Wholesalers } & & & 11,865.15 \\\hline 13 & \text { A/P-Tidy Wholesalers } & & 20,280.15 & \\\hline & \text { Cash } & & & 20,280.15 \\\hline\end{array} Journal Date July 45713 Description Merchandise Inventory A/P-Tidy Wholesalers Merchandise Inventory Cash Merchandise Inventory A/P-Tidy Wholesalers A/P-Tidy Wholesalers Cash Post. Ref. Debit 8,415.0045.0011,865.1520,280.15 Credit 8,415.0045.0011,865.1520,280.15
JE
Answered
Cost behavior refers to the manner in which a cost changes as the related activity changes.
On May 10, 2024
True