Dec 25 Owner withdrew inventory valued at $500 for personal use (Memo 21). Which of the following best analyses the transaction above?单项选择题

题目图片
A

a.

B

b.

C

c.

D

d.

登录即可查看完整答案

我们收录了全球超50000道真实原题与详细解析,现在登录,立即获得答案。

类似问题

Carrie Yang is the owner of a trading business called Travel Lite. The business buys and sells a wide range of travel bags, including backpacks. All inventory is sold at 100% mark-up on cost price. Complete the missing parts of this analysis table to show the effect for each transaction: [table] Transaction | Account & Increase/Decrease | Element | Amount $ Received a loan from Asco Bank for $31 000 (EFT Rec. 37) | Blank 1 Question 10 Accounts Payable IncreaseAccounts Payable DecreaseAccounts Receivable IncreaseAccounts Receivable DecreaseAdvertising IncreaseAdvertising DecreaseBank IncreaseBank DecreaseCapital IncreaseCapital DecreaseCost of Sales IncreaseCost of Sales DecreaseDelivery Van IncreaseDelivery Van DecreaseElectricity IncreaseElectricity DecreaseInventory IncreaseInventory DecreaseLoan - Asco Bank IncreaseLoan - Asco Bank DecreaseMotor Vehicle IncreaseMotor Vehicle DecreaseOffice Furniture IncreaseOffice Furniture DecreaseRent IncreaseRent DecreaseSales IncreaseSales DecreaseShop Fittings IncreaseShop Fittings DecreaseWages IncreaseWages Decrease | Asset | 31 000 Blank 2 Question 10 Accounts Payable IncreaseAccounts Payable DecreaseAccounts Receivable IncreaseAccounts Receivable DecreaseAdvertising IncreaseAdvertising DecreaseBank IncreaseBank DecreaseCapital IncreaseCapital DecreaseCost of Sales IncreaseCost of Sales DecreaseDelivery Van IncreaseDelivery Van DecreaseElectricity IncreaseElectricity DecreaseInventory IncreaseInventory DecreaseLoan - Asco Bank IncreaseLoan - Asco Bank DecreaseMotor Vehicle IncreaseMotor Vehicle DecreaseOffice Furniture IncreaseOffice Furniture DecreaseRent IncreaseRent DecreaseSales IncreaseSales DecreaseShop Fittings IncreaseShop Fittings DecreaseWages IncreaseWages Decrease | Liability | 31 000 Purchased 50 backpacks from Explorer for $3 750 (Inv. 49) | Blank 3 Question 10 Accounts Payable IncreaseAccounts Payable DecreaseAccounts Receivable IncreaseAccounts Receivable DecreaseAdvertising IncreaseAdvertising DecreaseBank IncreaseBank DecreaseCapital IncreaseCapital DecreaseCost of Sales IncreaseCost of Sales DecreaseDelivery Van IncreaseDelivery Van DecreaseElectricity IncreaseElectricity DecreaseInventory IncreaseInventory DecreaseLoan - Asco Bank IncreaseLoan - Asco Bank DecreaseMotor Vehicle IncreaseMotor Vehicle DecreaseOffice Furniture IncreaseOffice Furniture DecreaseRent IncreaseRent DecreaseSales IncreaseSales DecreaseShop Fittings IncreaseShop Fittings DecreaseWages IncreaseWages Decrease | Asset | 3 750 Blank 4 Question 10 Accounts Payable IncreaseAccounts Payable DecreaseAccounts Receivable IncreaseAccounts Receivable DecreaseAdvertising IncreaseAdvertising DecreaseBank IncreaseBank DecreaseCapital IncreaseCapital DecreaseCost of Sales IncreaseCost of Sales DecreaseDelivery Van IncreaseDelivery Van DecreaseElectricity IncreaseElectricity DecreaseInventory IncreaseInventory DecreaseLoan - Asco Bank IncreaseLoan - Asco Bank DecreaseMotor Vehicle IncreaseMotor Vehicle DecreaseOffice Furniture IncreaseOffice Furniture DecreaseRent IncreaseRent DecreaseSales IncreaseSales DecreaseShop Fittings IncreaseShop Fittings DecreaseWages IncreaseWages Decrease | Liability | 3 750 Paid $500 for advertising (EFT Pay. 46) | Blank 5 Question 10 Accounts Payable IncreaseAccounts Payable DecreaseAccounts Receivable IncreaseAccounts Receivable DecreaseAdvertising IncreaseAdvertising DecreaseBank IncreaseBank DecreaseCapital IncreaseCapital DecreaseCost of Sales IncreaseCost of Sales DecreaseDelivery Van IncreaseDelivery Van DecreaseElectricity IncreaseElectricity DecreaseInventory IncreaseInventory DecreaseLoan - Asco Bank IncreaseLoan - Asco Bank DecreaseMotor Vehicle IncreaseMotor Vehicle DecreaseOffice Furniture IncreaseOffice Furniture DecreaseRent IncreaseRent DecreaseSales IncreaseSales DecreaseShop Fittings IncreaseShop Fittings DecreaseWages IncreaseWages Decrease | Expense | 500 Blank 6 Question 10 Accounts Payable IncreaseAccounts Payable DecreaseAccounts Receivable IncreaseAccounts Receivable DecreaseAdvertising IncreaseAdvertising DecreaseBank IncreaseBank DecreaseCapital IncreaseCapital DecreaseCost of Sales IncreaseCost of Sales DecreaseDelivery Van IncreaseDelivery Van DecreaseElectricity IncreaseElectricity DecreaseInventory IncreaseInventory DecreaseLoan - Asco Bank IncreaseLoan - Asco Bank DecreaseMotor Vehicle IncreaseMotor Vehicle DecreaseOffice Furniture IncreaseOffice Furniture DecreaseRent IncreaseRent DecreaseSales IncreaseSales DecreaseShop Fittings IncreaseShop Fittings DecreaseWages IncreaseWages Decrease | Asset | 500 Sold 20 backpacks to R. Tan for $3 000 (cost price $1 500) (Inv. TL28) | Blank 7 Question 10 Accounts Payable IncreaseAccounts Payable DecreaseAccounts Receivable IncreaseAccounts Receivable DecreaseAdvertising IncreaseAdvertising DecreaseBank IncreaseBank DecreaseCapital IncreaseCapital DecreaseCost of Sales IncreaseCost of Sales DecreaseDelivery Van IncreaseDelivery Van DecreaseElectricity IncreaseElectricity DecreaseInventory IncreaseInventory DecreaseLoan - Asco Bank IncreaseLoan - Asco Bank DecreaseMotor Vehicle IncreaseMotor Vehicle DecreaseOffice Furniture IncreaseOffice Furniture DecreaseRent IncreaseRent DecreaseSales IncreaseSales DecreaseShop Fittings IncreaseShop Fittings DecreaseWages IncreaseWages Decrease | Asset | 3 000 Blank 8 Question 10 Accounts Payable IncreaseAccounts Payable DecreaseAccounts Receivable IncreaseAccounts Receivable DecreaseAdvertising IncreaseAdvertising DecreaseBank IncreaseBank DecreaseCapital IncreaseCapital DecreaseCost of Sales IncreaseCost of Sales DecreaseDelivery Van IncreaseDelivery Van DecreaseElectricity IncreaseElectricity DecreaseInventory IncreaseInventory DecreaseLoan - Asco Bank IncreaseLoan - Asco Bank DecreaseMotor Vehicle IncreaseMotor Vehicle DecreaseOffice Furniture IncreaseOffice Furniture DecreaseRent IncreaseRent DecreaseSales IncreaseSales DecreaseShop Fittings IncreaseShop Fittings DecreaseWages IncreaseWages Decrease | Revenue | 3 000 Blank 9 Question 10 Accounts Payable IncreaseAccounts Payable DecreaseAccounts Receivable IncreaseAccounts Receivable DecreaseAdvertising IncreaseAdvertising DecreaseBank IncreaseBank DecreaseCapital IncreaseCapital DecreaseCost of Sales IncreaseCost of Sales DecreaseDelivery Van IncreaseDelivery Van DecreaseElectricity IncreaseElectricity DecreaseInventory IncreaseInventory DecreaseLoan - Asco Bank IncreaseLoan - Asco Bank DecreaseMotor Vehicle IncreaseMotor Vehicle DecreaseOffice Furniture IncreaseOffice Furniture DecreaseRent IncreaseRent DecreaseSales IncreaseSales DecreaseShop Fittings IncreaseShop Fittings DecreaseWages IncreaseWages Decrease | Expense | 1 500 Blank 10 Question 10 Accounts Payable IncreaseAccounts Payable DecreaseAccounts Receivable IncreaseAccounts Receivable DecreaseAdvertising IncreaseAdvertising DecreaseBank IncreaseBank DecreaseCapital IncreaseCapital DecreaseCost of Sales IncreaseCost of Sales DecreaseDelivery Van IncreaseDelivery Van DecreaseElectricity IncreaseElectricity DecreaseInventory IncreaseInventory DecreaseLoan - Asco Bank IncreaseLoan - Asco Bank DecreaseMotor Vehicle IncreaseMotor Vehicle DecreaseOffice Furniture IncreaseOffice Furniture DecreaseRent IncreaseRent DecreaseSales IncreaseSales DecreaseShop Fittings IncreaseShop Fittings DecreaseWages IncreaseWages Decrease | Asset | 1 500 [/table]

Julie Lau is the owner of Belford Prints. She has asked you for assistance to identify the effect of the following source document in the business of Belford Prints.

Which of the following is not a characteristic of a T-account?

The owner of Lombardo Locks has provided the following transaction in relation to her business. May 6  Paid wages for the week of $500. Required: A. Record the above transaction in the following journal book of Lombardo Locks. NOTE: Record the debit entry (account) before the credit entry for each journal, and select “N/A” if any box is not required [table] Date | Accounts/Details | Debit (Dr) | Credit (Cr) May 6 | Blank 1 Question 6 BankVehicleStock of MaterialsShop FittingsAccounts ReceivableAccounts PayableCapitalDrawingsService IncomeWage ExpenseN/A | Blank 2 Question 6 500N/A | Blank 3 Question 6 500N/A Blank 4 Question 6 BankVehicleStock of MaterialsShop FittingsAccounts ReceivableAccounts PayableCapitalDrawingsService IncomeWage ExpenseN/A | Blank 5 Question 6 500N/A | Blank 6 Question 6 500N/A [/table] B. Enter the journal listed above into the following general ledger accounts. NOTE: Click each box, and from the dropdown list, select the appropriate date, details and dollar amount. Select “N/A” if any ledger box is not required. WAGE EXPENSE [table] Date | Details | $ | Date | Details | $ Blank 7 Question 6 May 6N/A | Blank 8 Question 6 BankVehicleStock of MaterialsShop FittingsAccounts ReceivableAccounts PayableCapitalDrawingsService IncomeWage ExpenseN/A | Blank 9 Question 6 500N/A | Blank 10 Question 6 May 6N/A | Blank 11 Question 6 BankVehicleStock of MaterialsShop FittingsAccounts ReceivableAccounts PayableCapitalDrawingsService IncomeWage ExpenseN/A | Blank 12 Question 6 500N/A [/table] BANK [table] Date | Details | $ | Date | Details | $ May 1 | Capital | 35,000 | May 3 | Shop Fittings | 4,000 May 4 | Service Income | 3,000 | Blank 13 Question 6 May 6N/A | Blank 14 Question 6 BankVehicleStock of MaterialsShop FittingsAccounts ReceivableAccounts PayableCapitalDrawingsService IncomeWage ExpenseN/A | Blank 15 Question 6 500N/A Blank 16 Question 6 May 6N/A | Blank 17 Question 6 BankVehicleStock of MaterialsShop FittingsAccounts ReceivableAccounts PayableCapitalDrawingsService IncomeWage ExpenseN/A | Blank 18 Question 6 500N/A | | | [/table]

更多留学生实用工具

加入我们，立即解锁 海量真题 与 独家解析，让复习快人一步！