Reference no: EM132738636
Problem - Journalizing and posting - On February 11, 20Y9, Quick Fix Company purchased $2,250 of supplies on account. In Quick Fix's chart of accounts, the supplies account is No. 15, and the accounts payable account is No. 21.
Required -
a. Journalize the February 11, 20Y9, transaction on page 73 of Quick Fix Company's two-column journal. Include an explanation of the entry.
b. Prepare a four-column account for Supplies. Enter a debit balance of $400 as of February 1, 20Y9.
c. Prepare a four-column account for Accounts Payable. Enter a credit balance of $18,300 as of February 1, 20Y9.
d. Post the February 11, 20Y9, transaction to the accounts.
e. Do the rules of debit and credit apply to all companies?
Find change in economic order quantity
: If Burrito-King's demand for the potatoes is decreased by 20%, what will be the change in its economic order quantity?
|
What is the demand forecast for november
: Assuming the demand forecast of 220 for July, what is the demand forecast for November with exponential smoothing method with a = 0.2?
|
Preliminary hazard analysis
: Describe the purpose of a preliminary hazard analysis. How is expertise beneficial when conducting this type of analysis?
|
What is the expected profit from swimsuits
: The demand for swimsuits during summer is Normally distributed with mean of 200 and standard deviation of 50.
|
Prepare a four-column account for Supplies
: On February 11, 20Y9, Quick Fix Company purchased $2,250 of supplies on account. Prepare a four-column account for Supplies
|
How much was the over or under-applied factory overhead
: Actual factory overhead amounted to P650,000 with actual direct labor hours of 320,000. How much was the over or under-applied factory overhead?
|
Hazard prevention and reduction techniques
: What are some examples of hazard control methods that are recommended in hazard prevention and reduction techniques?
|
How much money will have accumulated thirty years
: In 5 years, they will receive a gift of $10,000 that also can be invested. How much money will they have accumulated 30 years from now?
|
Explain the method technic of operations review
: When conducting a detailed analysis, explain the method technic of operations review
|