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Questions asked by the same visitor
What is the square root of 4?
Weegy: Do you have a question about square roots? User: Yes what is the root of 4? (More)
Question
Updated 4/16/2012 10:00:13 PM
1 Answer/Comment
The square root of 4 is 2.
Added 4/16/2012 10:00:13 PM
Is this statement true? Under the accrual basis of accounting, cash must be received before revenue is recognized User: The Vintage Laundry Company purchased $6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the laundry supplies indicated only $2,000 on hand. The adjusting entry that should be made by the company on June 30 is A. debit Laundry Expense, $2,000; credit Laundry Expense $2,000 B. debit Laundry Expense, $4,500; credit ...
Weegy: The adjusting entry that should be made by the company on June 30 is ; debit Laundry Supplies Expense, $4,500; credit Laundry Supplies, $4,500 User: Greese Company purchased office supplies costing $4,000 and debited Office Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $1,100 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be A. debit Office Supplies Expense, $1,100; credit Office Supplies, $1,100 B. debit Office Supplies, $2,900; credit Office Supplies Expense, $2,900 C. debit Office Supplies Expense, $2,900; credit Office Supplies, $2,900 D. debit Office Supplies, $1,100; credit Office Supplies Expense, $1,100 (More)
Question
Not Answered
Updated 4/17/2012 12:01:04 AM
1 Answer/Comment
False. Under the accrual basis of accounting, revenue is recognized before cash is received.

Added 4/17/2012 12:01:17 AM
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