Gomez Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the purchases journal. July 1 Purchased $23,500 of merchandise on credit from Hector Co., terms n/15. 4 Sold merchandise costing $1,220 to C. Paul for $1,330 cash. 8 Purchased $780 of office supplies from Zhang Co. on credit, terms n/30. 15 Paid Hector $23,500 cash for the merchandise purchased on July 1. 21 Purchased $1,155 of store supplies on credit from Staples, terms n/30. 22 Sold merchandise costing $2,900 to MicroTran for $3,400 on credit, terms n/30. 23 Purchased office supplies from Depot for $395 cash. 25 Purchased $6,600 of merchandise on credit from Alfredo Co., terms n/30. 27 Paid employee salaries of $2,550 in cash. Date of Invoice PURCHASES JOURNAL Accounts Terms Payable Cr. Office Supplies Dr. Other Accounts Dr. Date Account Inventory Dr.

Which of the following is located at the point where the supply and demand curves intersect? a. the equilibrium price. b. the minimum supply. c. the level of efficient production. d. the maximum demand. 2b2t

Alandowner and his neighbor purchased adjoining undeveloped lots. after both built homes on their respective lots, the landowner suggested to the neighbor that a common driveway be built where the two lots joined. the neighbor agreed. the landowner and the neighbor split the cost of constructing the driveway and entered into a written agreement to equally share the costs of its upkeep and maintenance. the agreement was recorded in the county recorder's office. two years later, the neighbor built a new driveway located entirely on his lot. the common driveway, which the landowner continued to use but which the neighbor no longer used, began to deteriorate. the landowner asked the neighbor for money to maintain the common driveway, but the neighbor refused to contribute. three years later, the neighbor conveyed his lot to a friend. the friend entered into possession and used only the driveway built by the neighbor. by this time, the common driveway had deteriorated badly and contained numerous potholes. the landowner asked the friend to pay half of what it would take to repair the common driveway. the friend refused. the landowner repaired the driveway and sued the friend for 50% of the cost of repairs. will the landowner prevail?

Consider derek's budget information: materials to be used totals $64,750; direct labor totals $198,400; factory overhead totals $394,800; work in process inventory january 1, $189,100; and work in progress inventory on december 31, $197,600. what is the budgeted cost of goods manufactured for the year? a. $1,044,650 b. $649,450 c. $657,950 d. $197,600