Financial Accounting Example Problem 1

in accounting •  7 years ago 

On January 13, 2013, you purchase 1500 tennis balls (10 dollars each) and 50 soccer balls (100 each) for $20,000 on account

Debt: Inventory $20,000
Credit: Account Payable $20,000

accounting
7 years ago by

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$1.30
  • Past Payouts $1.30
  • - Author $0.99
  • - Curators $0.31
2 votes
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      ·  7 years ago 

    .

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $1.15
    • Past Payouts $1.15
    • - Author $0.86
    • - Curators $0.28
    2 votes
    [-]
      ·  7 years ago 

    .

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $1.13
    • Past Payouts $1.13
    • - Author $0.85
    • - Curators $0.28
    2 votes
    [-]
      ·  7 years ago 

    .

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $1.13
    • Past Payouts $1.13
    • - Author $0.85
    • - Curators $0.28
    2 votes
    [-]
      ·  7 years ago 

    .

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $1.11
    • Past Payouts $1.11
    • - Author $0.83
    • - Curators $0.27
    2 votes
    [-]
      ·  7 years ago 

    .

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $1.09
    • Past Payouts $1.09
    • - Author $0.82
    • - Curators $0.27
    2 votes
    [-]
      ·  7 years ago 

    .

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $1.08
    • Past Payouts $1.08
    • - Author $0.81
    • - Curators $0.27
    2 votes
    [-]
      ·  7 years ago 

    .

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $1.06
    • Past Payouts $1.06
    • - Author $0.80
    • - Curators $0.26
    2 votes
    [-]
      ·  7 years ago 

    .

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $1.06
    • Past Payouts $1.06
    • - Author $0.80
    • - Curators $0.26
    2 votes
    [-]
      ·  7 years ago 

    .

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $1.05
    • Past Payouts $1.05
    • - Author $0.79
    • - Curators $0.26
    2 votes
    [-]
      ·  7 years ago 

    .

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $1.04
    • Past Payouts $1.04
    • - Author $0.78
    • - Curators $0.26
    2 votes
    [-]
      ·  7 years ago 

    .

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $1.02
    • Past Payouts $1.02
    • - Author $0.77
    • - Curators $0.25
    2 votes
    [-]
      ·  7 years ago 

    .

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $1.02
    • Past Payouts $1.02
    • - Author $0.77
    • - Curators $0.25
    2 votes
    [-]
      ·  7 years ago 

    .

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $1.00
    • Past Payouts $1.00
    • - Author $0.76
    • - Curators $0.25
    2 votes
    [-]
      ·  7 years ago 

    .

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.99
    • Past Payouts $0.99
    • - Author $0.75
    • - Curators $0.24
    2 votes
    [-]
      ·  7 years ago 

    .

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.98
    • Past Payouts $0.98
    • - Author $0.74
    • - Curators $0.24
    2 votes
    [-]
      ·  7 years ago 

    .

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.95
    • Past Payouts $0.95
    • - Author $0.72
    • - Curators $0.23
    2 votes
    [-]
      ·  7 years ago 

    .

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.94
    • Past Payouts $0.94
    • - Author $0.71
    • - Curators $0.23
    2 votes
    [-]
      ·  7 years ago 

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    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.46
    • Past Payouts $0.46
    • - Author $0.40
    • - Curators $0.06
    1 vote