Find alpha journal entry to reflect purchase includes debt

Assignment Help Financial Accounting
Reference no: EM132760836

Problem 1: Alpha used a periodic inventory system. Merchandise was purchased on account for $2,000. The transaction was F.O.B. shipping point. Freight of $100 was originally paid by the seller. Alpha's journal entry to reflect this purchase includes debits to:

Reference no: EM132760836

Questions Cloud

Find stiller financial statement presentation : Find Stiller's financial statement presentation and format. There are at least 20 failures by the company regarding proper reporting
Identify differential diagnosis based on reported findings : The purpose of this discussion is to review assessment techniques, identify subjective and objective information related to a focused system.
Gross domestic product : Gross Domestic Product is broadest measure of output for an economy. However, GDP does not perfectly measure well-being of a nation and citizens' welfare
Determine the approximate number of amino acids : Determine the approximate number of amino acids that would be missing in the telomerase protein of a person who has the autosomal form of dyskeratosis
Find alpha journal entry to reflect purchase includes debt : Alpha used a periodic inventory system. Merchandise was purchased on account for $2,000. What Alpha's journal entry to reflect this purchase includes debits to
Bodybuilder during phase of training : Nutrition And supplément recommendations to support the bodybuilder during each phase of training.
Funding structure as related the taxes paid by motor carrier : What are the pros and cons of the current highway funding structure as related the taxes paid by motor carriers?
How much is the correct total expenses : How much is the correct total expenses? ABC Co. reported total expenses of P100,000. However, the following adjustments were overlooked.
Intermodal transportation to get product to market : How these technologies are beneficial to retail customers using intermodal transportation to get their product to market.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd