Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 16. burger company paid $7,000 to suppliers this m

16. Burger Company paid $7,000 to suppliers this month for supplies used on burgers sold...

90.2K

Verified Solution

Question

Accounting

16. Burger Company paid $7,000 to suppliers this month for supplies used on burgers sold in the previous month. What is the cash expense and accrual expense?

a. Cash Expense is $7,000 and accrual expense is $7,000 during the current month

b. Cash Expense is $7,000 and accrual expense is $-0- during the current month

c. Cash Expense is $-0- and accrual expense is $-0- during the current month

d. Cash Expense is $-0- and accrual expense is $7,000 during the current month

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

Mechanical Engineering
1.2K views

Compare the yearly greenhouse gas emissions from 1 GWe (gigawatt-electric) power stations powered by natural gas...

Biology
1.2K views

If a species has a highly risky environment, where predators have a high probability of...

Physics
1.2K views

A tangent galvanometer has a coil of 25 turns and a radius of 15 cm...

Statistics
1.2K views

26 On May 25 1935 Jesse Owens set 3 world records 220 yard dash 220...

Algebra
1.2K views

Simplify each of the following Enter the exact answers Enclose numerators and denominators in parentheses...

Accounting
1.2K views

Ramona and Hermione formed Wiley Corporation on January 2. Ramona contributed cash of $270,000 in...

Accounting
1.2K views

List the four types of responsibility centers. For each center, state the responsibility of the...

Accounting
1.2K views

El 10 de octubre, el capital contable de los accionistas de Sherman Systems aparece como...

Accounting
1.2K views

DAY CARE COMES TO NORTHVILLE (show formulas in excel spreadsheet) DESCRIPTION Northville, a medium-sized city...

Accounting
1.2K views

Sheridan Manufacturing Limited has three divisions that are operated as profit centres. Actual operating data...

Finance
1.2K views

question 9 Craig and Tammy recently sold their home for $225,000. Their...

Finance
1.2K views

Please, I really need help on creating this Excel contingencies project using the data AM92...