Sales transaction | Accounting homework help

Question 1

A company delivered $10,000 of merchandise to a purchaser that agreed to pay cash inside 30 days. The merchandise had value $eight,000 to manufacture.

Which of the subsequent objects will be elevated by this product sales transaction? (study all that apply)

a)       Inventory

b)       Full Belongings

c)       Full Liabilities

d)       Accounts Receivable

e)       Earnings

 

Question 2

A company took provide of $50,000 of newest inventory and agreed to pay cash to the supplier inside 30 days.

Which of the subsequent objects will be elevated by this inventory purchase transaction? (study all that apply)

a)       Full Stockholders’ Equity

b)       Current Liabilities

c)       Cash from Operations

d)       Inventory

e)       Worth of Objects Purchased

 

Question three

A company collected $100,000 cash from a purchaser who every obtained and was billed for the merchandise last quarter.

Which of the subsequent objects will be elevated by this cash assortment transaction? (study all that apply)

a)       Cash from Operations

b)       Earnings

c)       Accounts Receivable

d)       Full Belongings

e)       Full Stockholders’ Equity

 

Question 4

A company collected $10,000 cash from a purchaser as a deposit for gadgets that may be shipped subsequent quarter.

Which of the subsequent objects will be elevated by this cash assortment transaction? (study all that apply)

a)       Full Liabilities

b)       Full Belongings

c)       Accounts Receivable

d)       Cash from Operations

e)       Earnings

 

Question 5

A company obtained $100,000 cash from issuing 10,000 shares of $4 par value stock.

Which of the subsequent objects will be elevated by this stock issuance transaction? (study all that apply)

a)       Earnings

b)       Additional Paid in Capital

c)       Full Liabilities

d)       Cash from Operations

e)       Full Belongings

 

Question 6

A company obtained $75,000 cash from a monetary establishment mortgage that must be repaid in three years.

Which of the subsequent objects will be elevated by this monetary establishment mortgage transaction? (study all that apply)

a)       Notes Payable

b)       Cash from Investing

c)       Curiosity Payable

d)       Earnings

e)       Current Belongings

 

Question 7

A company declared $500,000 of dividends that may be paid two months from now.

Which of the subsequent objects will be elevated by this dividend declaration transaction? (study all that apply)

a)       Cash from Financing

b)       Net Earnings

c)       Dividend Payments

d)       Retained Earnings

e)       Full Liabilities

 

Question eight

A company paid $50,000 to its insurance coverage protection agency for fire insurance coverage protection safety over the next 12 months.

Which of the subsequent objects will be elevated by this insurance coverage protection prepayment transaction? (study all that apply)

a)       Pay as you go Insurance coverage protection

b)       Unearned Earnings

c)       Current Belongings

d)       Full Stockholders’ Equity

e)       Insurance coverage protection Expense

 

Question 9

On the end of the quarter, a company did an adjusting entry to file the reality that $1,000 of Pay as you go Selling had been used up by way of the quarter.

Which of the subsequent objects will be elevated by this selling adjusting entry? (study all that apply)

a)       Pay as you go Selling

b)       Worth of Objects Purchased

c)       Full Liabilities

d)       Cash from Operations

e)       Selling Expense

 

Question 10

A company borrowed $500,000 cash from a monetary establishment and used it to purchase $500,000 of newest manufacturing instruments.

Which of the subsequent objects will be elevated by the monetary establishment mortgage and instruments purchase transactions? (study all that apply)

a)       Cash from Financing

b)       Notes Payable

c)       Full Belongings

d)       Cash from Investing

e)       Inventory

 

Question 11

On the end of the quarter, a company did an adjusting entry to file $5,000 of depreciation on the fleet of autos utilized by the product sales drive.

Which of the subsequent objects will be elevated by this depreciation adjusting entry? (study all that apply)

a)       Cash from Operations

b)       Full Belongings

c)       SG&A Expense

d)       Amassed Depreciation

e)       Full Liabilities

 

Question 12

A company purchased a bit of manufacturing instruments for $30,000 cash. The instruments had been listed on the stability sheet at an online e guide value of $25,000, so the company recorded a purchase on sale of equipment of $5,000.

Which of the subsequent objects will be elevated by this instruments sale transaction? (study all that apply)

a)       Net Earnings

b)       Full Belongings

c)       Cash from Operations

d)       Instruments

e)       Cash from Investing