a Did the Companys Trade accounts payable increase or decrease over the last

A did the companys trade accounts payable increase or

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3. (a) Did the Company’s “Trade accounts payable” increase or decrease over the last year? 4. (a) Did the Company’s “Net sales” increase or decrease over the last year? 5. (a) Did the Company’s “Interest Expense” increase or decrease over the last year?
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6. Assume that, during 2014, the Company purchased an additional $38.3 million in raw materials inventory for cash. Write the journal entry necessary to record this transaction. Account Debit Credit Raw Material $38.3M Cash $38.3M 7. Assume that interest of $49.7 million was due and paid for by the Company during 2014. Write the journal entry necessary to record these transactions. Account Debit Credit Interest expense $49.7M Cash $49.7M 8. Assume that all of the Company’s net sales are “on account.” Write the journal entry necessary to record total net sales for 2014. Account Debit Credit Accounts receivable $4,243.2M Sales Revenue $4,243.2M 9. Write the journal entry necessary to record the Company’s “Selling, general, and administrative expenses” for 2014, assuming that 90 percent of the expense was paid for with cash while 10 percent was paid for on credit to regular suppliers. (2 pts) On page 45: Account Debit Credit Selling, general and administrative expenses $1,122M Cash $1,009.8M Accounts Payable $1,112.2M
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