accounting

posted by .

When a merchandiser sells on account, which of the following is not needed to record the transaction?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Business/Accounting Question

    You are to state what will increase and/or decrease in each of the transactions described below. 1) Mythical Services sold $500 of legal services on account. 2) Mythical collected the $500 from transaction nmuber 1 above 3) Mythical …
  2. accounting I

    The general manager of a business encounters many different types of business transactions. Provide an example of a transaction that would describe the effect on the accounting equation. Each situation is independent of the other situations. …
  3. HELP

    The general manager of a business encounters many different types of business transactions. Provide an example of a transaction that would describe the effect on the accounting equation. Each situation is independent of the other situations. …
  4. Math (Finance)

    The company borrowed $125,000 in cash from Far West Bank. a. List the accounts impacted by the transaction. b. For each account, indicate whether the transaction increased or decreased the account. c. For each account, indicate how …
  5. Math (Finance)

    The company used $45,000 in cash to purchase land on the west side of Hatu Lake. a. List the accounts impacted by the transaction. b. For each account, indicate whether the transaction increased or decreased the account. c. For each …
  6. Accounting

    Impact of a Transaction The company borrowed $85,000 in cash from Eastern Bank. a. List the accounts impacted by the transaction. b. For each account, indicate whether the transaction increased or decreased the account. c. For each …
  7. Accounting

    The company borrowed 85,000 from eastern Bank and the questions are a. List thename of the accountsthat are impacted by the transaction. b. For each account, indicate whether the transaction increased or decreased the account. c. For …
  8. accounting

    The general manager of a business encounters many different types of business transactions. Provide an example of a transaction that would describe the effect on the accounting equation. Each situation is independent of the other situations. …
  9. Accounting

    Marcum Company was started in 2012 when it issued a note to borrow $6,200 cash. Write an accounting equation, and record the effects of the borrowing transaction under the appropriate general ledger account headings.
  10. accounting

    You are a merchandiser that buys wild widgets from a vendor for $70 each, marks them up, and sells them for $100 each. Journalize the three transactions below.You use the perpetual inventory system and reduce inventory when it is sold. …

More Similar Questions