Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the bookkeeper for galloway paints made the follow

The bookkeeper for Galloway Paints made the following journal entry to record a transaction that...

60.1K

Verified Solution

Question

Accounting

The bookkeeper for Galloway Paints made the following journal entry to record a transaction that took place on April 23, Year 2: Debit Credit Inventory 25,400 Accounts Payable 19,700 Cash 5,700 Before the journal entry above, Galloway had assets of $444,000; liabilities of $227,000; and owners' equity of $217,000. Total assets immediately after the above transaction has been recorded amount to: Multiple Choice $469,400. $424,300. $463,700. $444,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

what does force regulation in a given muscle depend on (other than Cross-Bride formation)

Medical Sciences
Q

Identify the gland that secretes growth hormone, identify 3 targets of growth hormone, identify 3 specific...

Medical Sciences
Q

Whispering Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par...

Accounting
Q

Example 26 An unpolarized light is successively passed through two polaroids each with their transmission...

Physics
Q

7 A sphere P of mass m and velocity v undergoes oblique and elastic an...

Physics
Q

Graph the system of inequalities y x 9 y x 3 Use the graphing tool...

Geometry
Q

2 45 125 What is the measure of angle

Geometry
Q

Truc(31) and Amani (32) are married. They have two bolsa, Miro(8) and Leo (10). They...

Accounting
Q

During 2020, Rayan Industries reported net decrease in cash of $185,000, cash used in investing...

Accounting
Q

On December 31, 2021, when its Allowance for Doubtful Accounts had a debit balance of...

Accounting
Q

Question 3: Mortgage Calculations (30 marks) Ava and Brady have been enjoying their...

Finance
Q

Three primary ways to get information are: (choose three) ...

Accounting