UJINULOS, SU seconds. Question Completion Status: O Goodwill Equity securities QUESTION 11 Kyle purchased 20...

90.2K

Verified Solution

Question

Accounting

image
image
image
UJINULOS, SU seconds. Question Completion Status: O Goodwill Equity securities QUESTION 11 Kyle purchased 20 iced coffees during happy hour for $1 each. The price of each iced coffee during happy hour is $2. However, when he got to the register Kihie coffee collected $22.00. What journal entry would Kihie coffee make as a result of this transaction? O Dr. Cash $22; Cr. Revenue $22 Dr. Cash $22; Cr. Revenue $20 and Cr. Sales tax payable $2 Dr. Cash $22 and Dr. Sales tax expense $2; Cr. Revenue S22 and Cr Sales Tax payable 2 O Dr. Cash $22; Cr. Revenue $22 QUESTION 12 il l imit te ubit. Click Save All Answers to saue all answers UJINULOS, SU seconds. Question Completion Status: O Goodwill Equity securities QUESTION 11 Kyle purchased 20 iced coffees during happy hour for $1 each. The price of each iced coffee during happy hour is $2. However, when he got to the register Kihie coffee collected $22.00. What journal entry would Kihie coffee make as a result of this transaction? O Dr. Cash $22; Cr. Revenue $22 Dr. Cash $22; Cr. Revenue $20 and Cr. Sales tax payable $2 Dr. Cash $22 and Dr. Sales tax expense $2; Cr. Revenue S22 and Cr Sales Tax payable 2 O Dr. Cash $22; Cr. Revenue $22 QUESTION 12 il l imit te ubit. Click Save All Answers to saue all answers D 18 19 A 3 12 13 14 15 16 17 O Dr. Cash $22; Cr. Revenue $22 Dr. Cash $22; Cr. Revenue $20 and Cr. Sales tax payable $2 O Dr. Cash $22 and Dr. Sales tax expense $2; Cr. Revenue $22 and Cr Sales Tax payable 2 O Dr. Cash $22; Cr. Revenue $22 RESEP QUESTION 12 On September 1, 2018, Crate Company purchased the copyright to Monique Licence Tutorials for $6,000. It is estimated that the copyright will have a useful life of 4 years. The amount of amortization expense recognized for year 2018 would be O 125 500 O 1.250 6,000 Click Save and Submit to save and submit. Click Save All Answers to save all answers

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