Trip corp. began business in 2015. on december 31, 2015, trip's single pool of inventory was valued at $300,000, using the dollar-value lifo inventory method. on december 31, 2016, the value of trip’s inventory at current costs was $450,000. the 2016 year-end cost index was 120. what was the value of trip's inventory at the end of 2016, using the dollar-value lifo method?

Posting references on the journal should be a. made when journalizing. b. entered when the journal is totaled. c. entered when posting to the ledger. d. entered in alphabetical order.

Transactions on april 1 of the current year, andrea byrd established a business to manage rental property. she completed the following transactions during april: opened a business bank account with a deposit of $45,000 from personal funds. purchased office supplies on account, $2,000. received cash from fees earned for managing rental property, $8,500. paid rent on office and equipment for the month, $5,000. paid creditors on account, $1,375. billed customers for fees earned for managing rental property, $11,250. paid automobile expenses for month, $840, and miscellaneous expenses, $900. paid office salaries, $3,600. determined that the cost of supplies on hand was $550; therefore, the cost of supplies used was $1,450. withdrew cash for personal use, $2,000. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300)

The face of a company is often that of the lowest paid employees who meet the customers. select one: true false