Tutor profile: Shannon B.

Briefly explain how to properly account for the following transaction in your journal as the buyer: Sarah purchased new office equipment for $700.00 from Staples. She decided to pay with cash, rather than pay on credit.

To account for this transaction, the student should debit Office Equipment for $700, and credit Cash for the total amount. (The debit account should represent the items/money received by the buyer; credit account should represent the expense or amount paid by the buyer.) See below: Office Equipment $700 Cash $700

Rewrite the following sentence by using correct grammar and spelling: During the graduation cermony, Ashley turned towards the crowd in exitement as she blow her Mother a kiss. She was an honors student in college and she will be leaving for graduate school in September.

Here's the correct sentence phrase. During the graduation ceremony, Ashley turned towards the crowd in excitement as she blew her Mother a kiss. She was an honors student in college, and she will be leaving for graduate school in September.

Adam went to the grocery store to help prepare for the summer cookout. He purchased 3 packs of chicken wings ($8.00 ea.), 1 gallon of lemonade ($5.00), 1 gallon of water ($3.50), 2 packs of hot dogs ( $7.50 ea.), 1 pack of hamburgers ($10.00). All of the meat items were 20% off the regular price. What is Adam's total bill? (Round to the nearest dollar.)

Adams total is $ 48.00 3 Packs of Wings: $8 x 3 = $24 x 20% (.20) = $4.80 2 Packs of Hot Dogs: $7.50 x 2 = $15 x 20% (.20) = $3.00 1 Pack of Hamburgers: $10 x 20% (.20) = $2.00 -------------------------------------------------------------------------- $24.00 - $4.80 = $19.20 $15.00 - $3.00 = $12.00 $10.00 - $2.00 = $8.00 Sum = $19.20 + $12.00 + $8.00 + $5.00 + $3.50 Adam's total bill amount is $47. 70