Blake, Inc purchased a van on January 1, 2015, for $800,000
Estimated life of the van was five years, and its estimated residual value was $90,000. Blake uses the straight-line method of depreciation. Give the journal entry to record the purchase of van for cash.
What will be an ideal response
Van 800,000
Cash 800,000
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If 500 shares of $10 par value common stock are sold for $40 per share, the entry would be a debit to cash for $20,000 and credit, which of the following accounts and amounts?
a. common stock for $20,000 b. common stock $5,000; additional paid-in-capital-common stock $15,000 c. common stock $15,000; retained earnings $5,000 d. retained earnings $15,000; common stock $5,000
Donna wants to buy a new coat. During the ________ stage of her purchase process she will ask her friends to recommend a store and/or a style of coat
She will search the newspaper for coat sales, and she will visit nearby stores to see what is available in her price range. A) product evaluation B) evaluation of alternatives C) problem/opportunity recognition D) information search E) purchase decision