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Do the journal entry please! a refund when the Part 3 of 6 within one year....
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Exercise 13-7 (Algo) Customer deposits [LO13-3] Diversified Semiconductors sells perishable electronic components. Some must be shipped and stored in reusable protective containers. Customers pay a deposit for each container received. The deposit is equal to the container's cost. They receive a refund when the container is returned. During 2021, deposits collected on containers shipped were $883.000. Deposits are forfeited if containers are not returned within 18 months. Containers...
Diversified Semiconductors sells perishable electronic components. Some must be shipped and stored in reusable protective containers. Customers pay a deposit for each container received. The deposit is equal to the container's cost. They receive a refund when the container is returned. During 2016, deposits collected on containers shipped were $850,000. Deposits are forfeited if containers are not returned within 18 months. Containers held by customers at January 1, 2016, represented deposits of $530,000. In 2016, $790,000 was refunded and deposits...
Diversified Semiconductors sells perishable electronic components. Some must be shipped and stored in reusable protective containers. Customers pay a deposit for each container received. The deposit is equal to the container's cost. They receive a refund when the container is returned. During 2018, deposits collected on containers shipped were $881,000. Deposits are forfeited if containers are not returned within 18 months. Containers held by customers at January 1, 2018, represented deposits of $590,000. In 2018, $822,000 was refunded and deposits...
3. WINI I ue approp bol Diversified Semiconductors sells perishable electronic components. Some must be shipped and stored in reak protective containers. Customers pay a deposit for each container received. The deposit is equal to the contained cost. They receive a refund when the container is returned. During 2021, deposits collected on containers shinpe were $850,000. Deposits are forfeited if containers are not returned within 18 months. Containers held by customers January 1, 2021, represented deposits of $530,000. In 2021,...
Help Save &Exit Submit Exercise 13-7 Customer deposits [L013-3] Diversified Semiconductors sells perishable electronic components. Some must be shipped and containers. Customers pay a deposit for each container received. The deposit is equal to the container's cost They receive a re stored In reusable protective when the container is returned. During 2018, deposits collected on containers shipped were $8 54,000. Deposits are forfeited if containers are not returned within 18 months. Containers held by customers at January 1,2018, represented deposits...
Riverbed Corp. follows IFRS and sells its products in expensive, reusable containers that can be tracked. The customer is charged a deposit for each container that is delivered and receives a refund for each container that is returned within two years after the year of delivery. When a container is not returned within the time limit, Riverbed accounts for the container as being sold at the deposit amount and credits the account Container Sales Revenue. Information for 2020 is as...
LIST OF ACCOUNTS:
Riverbed Corp. follows IFRS and sells its products in expensive, reusable containers that can be tracked. The customer is charged a deposit for each container that is delivered and receives a refund for each container that is returned within two years after the year of delivery. When a container is not returned within the time limit, Riverbed accounts for the container as being sold at the deposit amount and credits the account Container Sales Revenue. Information for...
Solve Journal entry please!
Required information Kn On October 1, Willette Company borrowed $120 000 cash and issued a six-month, 10% promissory note. Interest is payable at maturity. Willette has a calendar year-end and has not yet accrued any interest on the note ge Check 01 Prepare the appropriate adjusting entry dated December 31. (f no entry is required for a transaction/ event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the interest accrued...
ttps/ r 6 Graded Homework Journal entry worksheet Record the collection of half of the balance of $5,500 owed by the customer within the discount period. 55:22 Note: Enter debits before credits ash 11.000 Discount on Bonds Payable nces Accounts Recelvable 11.000 Record entry Clear entry nything html omework Help Required information [The following information applies to the questions displayed below Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transactions...
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Exercise 7-8 Sales returns (LO7-4] Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax's sales are for credit (no cash is collected at the time of sale). The company began 2018 with an alowance for sales returns of $300,000. During 2018, Halifax sold merchandise on account for $11,500,000. This merchandise cost Haldex $7,475,000 (65% of selling prices). Also...