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Question
Submitted by GoQa on Tue, 2013-03-19 21:58
due on Tue, 2013-03-19 23:52
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I need help in my Accounting home work

I have 23 multiple questions i need help... please check the attachments

Answer
Submitted by accountguru on Tue, 2013-03-19 23:49
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Inventory MCQs

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Ques. 01 c) xx found xx computing the difference between the xxxxxx xxxxxxxxx columns of the xxxxxxxxxx

xxxxx 02 c) xxx xxxxxx xxxxxxx in the owner’s xxxxxxx xxxxxxx

Ques. xxxxx will increase because x xxx xxxx has occurred

xxxxx xxxxx $24,000 xxxx

Ques. xxxxx xxxxxx xxxxxxxxx credit xxxxxx and the balance sheet debit xxxxxx

Ques. 06 b) xxxxxxxxx xxxxxxxx xxxx

Ques. xxxxx Owner’s drawings

xxxxx 08 c) xx xxxxx to xxxxxxxx xxx income (or xxxxx xxx owner’x drawing xx the xxxxx’s capital xxxxxxxx

Ques. 09 d) xxxxxxxxxxx in the xxxxxxx journal

Ques. 10 b) Credit to rent expense for $1,000

xxxxx xxxxx x xxxxxx balance xx xxxxxx

xxxxx 12 a) xxxxxxxxxx xxxxx

Ques. xxxxx xxxxxxxxx inventory systems require xxxx detailed records.

xxxxx xxxxx xxxx xxxx sale

xxxxx 15 d) uses a perpetual inventory system

xxxxx xxxxx Inventory account

Ques. xxxxx xxxxxxxx xxxxxxx

xxxxx 18 c) xxxxxxx of freight xx goods xxxx

xxxxx xxxxx Inventory

Ques. 20 a) xxxxxxxxx account xxxx xx increased

xxxxx 21 b) xx

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Answer
Submitted by YourBusinessT... on Tue, 2013-03-19 23:26
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Financial Accounting 100% Correct Guaranteed

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Hello

 

xxxxxx xxxx the xxxxxxxxx attached, there were xxxx xxxxxxxxx pages so what I did xxx the x copied xxx first xxxx xx each xxxxxxx on xxxx page xxx included xx xx xxx xxxxxxxxx so that xxx can xxx xxxxx xxxxxxxx I xx referring to.  If you have xxx questions, please send me x message

 

Thank you

file1.xlsx preview (265 words)

xxxxxx

xxxxxxxxxxxxxxxxxxx
xxxx numbering
xx Sales xxxxxxx xxxx xxxx xx xxxxx xxxx xx xxxxxxA. xxxxx xxxxxx
2 a. Merchandise Inventory xxxxxxxx
3x
x4 The net xxxxxx xxx loss) for the xxxxxxxx is xxxxx by xxxxxxxxx xxx difference xxxxxxx xxx xxxxxx statement columns of xxx xxxxxxxxxx
x xc. the xxxxxx xxxxxxx in the xxxxxxx capital xxxxxxxx
36 xx xxxx xxxxxxxx because xxx income has xxxxxxxxx
4 xxx $24,000 xxxxx
x8 The income xxxxxxxxx and balance xxxxx xxxxxxx xx Iion xxx xxxx Company's b. xxxxxx statement xxxxxx xxxxxx xxx xxx xxxxxxx sheet xxxxx xxxxxxx
6 9 b.temporary xxxxxxxx only.
x xx b. xxxxxxx xxxxxxxxx
811c. in xxxxx xx transfer net xxxxxx (or loss) and owner's drawings to xxx owner's xxxxxxx account.
x 12 xx journalized in the general journal.
10 13 The xxxxxx statement for the xxxxx of xxxxx 2012 xx xxxxxx xxxxxxx Enterprises contains the following information xx xxxxxx xx Rent Expense xxx xxxxxxx
1114xx x credit balance xx xxxxxxx
15 The Inventory xxxxxxx is used

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