Date account titles debit credit
aug. 1 cash 7,700
common stock 7,700
10 cash 1,550
service revenue 1,550
12 equipment 6,300
cash 2,300
notes payable 4,000
25 accounts receivable 3,410
service revenue 3,410
31 cash 760
accounts receivable 760
(a) post the transactions to t-accounts. (post entries in the order of journal entries presented in the question.)

All else being equal, which is true about a firm with high operating leverage relative to a firm with low operating leverage? select one: a. a higher percentage of the high operating leverage firm's costs are fixed. b. the high operating leverage firm is exposed to less risk. c. the debt payments limit the high operating leverage firm's opportunities to turn a big profit. d. the high operating leverage firm has more debt.

Which of the following entries would be made to record the requisition of $12,000 of direct materials and $6,900 of indirect materials? (assume that indirect materials are included in raw materials inventory.) a. manufacturing overhead 18,900 raw materials inventory 18,900 b. wip inventory 12,000 manufacturing overhead 6,900 raw materials inventory 18,900 c. raw materials inventory 18,900 wip inventory 18,900 d. wip inventory 18,900 raw materials inventory 18,900

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