Homework Answers
| date | description | debit | credti |
| may 5 | merchandise inventory a/c | 5,980 | |
| ......To accounts payable a/c | 5,980 | ||
| (amount = 6000 *( 1-0.02) +100 =>5,880+100=>5,980) | |||
| may 12 | accounts payable a/c | 2,450 | |
| ...........To merchandise inventory | 2,450 | ||
| (amount = 2500*(1-0.02 discount)=>2,450) | |||
| may 14 | accounts payable a/c | 3,530 | |
| .........To cash a/c | 3,530 | ||
| (amount = 5980-2450=>3530) |
Add Answer to:
DO YOU SUBTRACT 6000 - 100????
AT&T LTE 11:27 PM 1 57% Answer 1 of 1...
OS THIS CORRECT???? lAT&T LTE 11:55 PM 151% description |may 5 merchandise inventory a/e .To accounts payable a...
OS THIS CORRECT????
lAT&T LTE 11:55 PM 151% description |may 5 merchandise inventory a/e .To accounts payable a/c (amount = 6000 *(1-0.02)+100 >5,880+100>5,980) debit credti date 5,980 5,980 may 12 accounts payable a/e 2,450 2,450 .To merchandise inventory (amount 2500 (1-0.02 discount)->2,450) may 14 accounts payable a/c 3,530 To cash a/c 3,530 (amount 5980-2450->3530) nate: Date: Class: IILAccounting 13. Journalize the following transactions assuming a perpetual inventory system: May 5 Purchased merchandise from Archie Co., $6,000, terms FOB shipping point,...
DO YOU ADD OR SUBTRACT OR NEITHER 6000 and 100???? help asap Name: Date: Class: Unit...
DO YOU ADD OR SUBTRACT OR NEITHER 6000 and 100???? help
asap
Name: Date: Class: Unit III Accounting I 13. Journalize the following transactions assuming a perpetual inventory system: May 5 Purchased merchandise from Archie Co., $6,000, terms FOB shipping point, 2/10, n/30. Prepaid freight costs of $100 were added to the invoice. Issued a debit memo to Archie Co. for $2,500 of merchandise returned from purchase on May 5. 12 14 Paid Archie Co. for invoice of May 5,...
Date: Class: Name: Unit TIL Accounting 1 13. Journalize the following transactions assuring a perpetual inventory...
Date: Class: Name: Unit TIL Accounting 1 13. Journalize the following transactions assuring a perpetual inventory system: May 5 Purchased merchandis Purchased merchandise from Archie Co., $6.000. terms FOB shipping point, 2/10,nso Prepaid freight costs of $100 were added to the invoice. 12 Issued a debit memo to Archie Co. for $2,500 of merchandise returned from purchase on May 5. 14 Paid Archie Co. for invoice of May 5, less debit memo of May 12 and discount. Date Description Debit...
Date: Class: Name: Unit TIL Accounting 1 13. Journalize the following transactions assuring a perpetual inventory...
Date: Class: Name: Unit TIL Accounting 1 13. Journalize the following transactions assuring a perpetual inventory system: May 5 Purchased merchandis Purchased merchandise from Archie Co., $6.000. terms FOB shipping point, 2/10,nso Prepaid freight costs of $100 were added to the invoice. 12 Issued a debit memo to Archie Co. for $2,500 of merchandise returned from purchase on May 5. 14 Paid Archie Co. for invoice of May 5, less debit memo of May 12 and discount. Date Description Debit...
Date: Date: Class: III Accounting I 13. Journalize the following transactions assuming a perpetual inventory system:...
Date: Date: Class: III Accounting I 13. Journalize the following transactions assuming a perpetual inventory system: way Purchased merchandise from Archie Co., $6,000, terms FOB shipping point, 2/10, n/30. Prepaid freight costs of $100 were added to the invoice. Issued a debit memo to Archie Co. for $2,500 of merchandise returned from purchase on May 5. Paid Archie Co. for invoice of May 5, less debit memo of May 12 and discount. 12 14
nate: Date: Class: IILAccounting 13. Journalize the following transactions assuming a perpetual inventory system: M...
nate: Date: Class: IILAccounting 13. Journalize the following transactions assuming a perpetual inventory system: May 5 Purchased merchandise from Archie Co., $6,000, terms FOB shipping point, 2/10, n/30 Prepaid freight costs of $100 were added to the invoice Issued a debit memo to Archie Co. for $2,500 of merchandise returned from purchase on May 5. 12 14 Paid Archie Co. for invoice of May 5, less debit memo of May 12 and discount.
GELP ASAP Date: Date: Class: III Accounting I 13. Journalize the following transactions assuming a perpetual...
GELP ASAP
Date: Date: Class: III Accounting I 13. Journalize the following transactions assuming a perpetual inventory system: way Purchased merchandise from Archie Co., $6,000, terms FOB shipping point, 2/10, n/30. Prepaid freight costs of $100 were added to the invoice. Issued a debit memo to Archic Co. for $2,500 of merchandise returned from purchase on May 5. Paid Archie Co. for invoice of May 5, less debit memo of May 12 and discount. 12 14
IS THIS CORRECT I DONT THINK IT IS HELP ASAP nate: Date: Class: TIL Accounting] 13....
IS THIS CORRECT I DONT THINK IT IS HELP ASAP
nate: Date: Class: TIL Accounting] 13. Journalize the following transactions assuming a perpetual inventory system: Purchased merchandise from Archie Co., $6,000, terms FOB shipping point, 2/10, 1/30. Prepaid freight costs of $100 were added to the invoice. 12 Issued a debit memo to Archie Co. for $2,500 of merchandise returned from purchase on May 5. 14 Paid Archie Co. for invoice of May 5, less debit memo of May 12...
The following selected transactions were completed by Betz Company during July of the current year. Betz...
The following selected transactions were completed by Betz
Company during July of the current year. Betz Company uses the net
method under a perpetual inventory system.
July
1
Purchased merchandise from Sabol Imports Co., $13,701, terms
FOB destination, n/30.
3
Purchased merchandise from Saxon Co., $8,950, terms FOB
shipping point, 2/10, n/eom. Prepaid freight of $225 was added to
the invoice.
5
Purchased merchandise from Schnee Co., $13,450, terms FOB
destination, 2/10, n/30.
6
Issued debit memo to Schnee Co....
The following selected transactions were completed by Betz Company during July of the current year. Betz...
The following selected
transactions were completed by Betz Company during July of the
current year. Betz Company uses the net method under a perpetual
inventory system.
July
1
Purchased merchandise from Sabol Imports Co., $13,701, terms
FOB destination, n/30.
3
Purchased merchandise from Saxon Co., $8,950, terms FOB
shipping point, 2/10, n/eom. Prepaid freight of $225 was added to
the invoice.
5
Purchased merchandise from Schnee Co., $13,450, terms FOB
destination, 2/10, n/30.
6
Issued debit memo to Schnee Co....
OS THIS CORRECT????
lAT&T LTE 11:55 PM 151% description |may 5 merchandise inventory a/e .To accounts payable a/c (amount = 6000 *(1-0.02)+100 >5,880+100>5,980) debit credti date 5,980 5,980 may 12 accounts payable a/e 2,450 2,450 .To merchandise inventory (amount 2500 (1-0.02 discount)->2,450) may 14 accounts payable a/c 3,530 To cash a/c 3,530 (amount 5980-2450->3530) nate: Date: Class: IILAccounting 13. Journalize the following transactions assuming a perpetual inventory system: May 5 Purchased merchandise from Archie Co., $6,000, terms FOB shipping point,...
DO YOU ADD OR SUBTRACT OR NEITHER 6000 and 100???? help
asap
Name: Date: Class: Unit III Accounting I 13. Journalize the following transactions assuming a perpetual inventory system: May 5 Purchased merchandise from Archie Co., $6,000, terms FOB shipping point, 2/10, n/30. Prepaid freight costs of $100 were added to the invoice. Issued a debit memo to Archie Co. for $2,500 of merchandise returned from purchase on May 5. 12 14 Paid Archie Co. for invoice of May 5,...
Date: Class: Name: Unit TIL Accounting 1 13. Journalize the following transactions assuring a perpetual inventory system: May 5 Purchased merchandis Purchased merchandise from Archie Co., $6.000. terms FOB shipping point, 2/10,nso Prepaid freight costs of $100 were added to the invoice. 12 Issued a debit memo to Archie Co. for $2,500 of merchandise returned from purchase on May 5. 14 Paid Archie Co. for invoice of May 5, less debit memo of May 12 and discount. Date Description Debit...
Date: Class: Name: Unit TIL Accounting 1 13. Journalize the following transactions assuring a perpetual inventory system: May 5 Purchased merchandis Purchased merchandise from Archie Co., $6.000. terms FOB shipping point, 2/10,nso Prepaid freight costs of $100 were added to the invoice. 12 Issued a debit memo to Archie Co. for $2,500 of merchandise returned from purchase on May 5. 14 Paid Archie Co. for invoice of May 5, less debit memo of May 12 and discount. Date Description Debit...
Date: Date: Class: III Accounting I 13. Journalize the following transactions assuming a perpetual inventory system: way Purchased merchandise from Archie Co., $6,000, terms FOB shipping point, 2/10, n/30. Prepaid freight costs of $100 were added to the invoice. Issued a debit memo to Archie Co. for $2,500 of merchandise returned from purchase on May 5. Paid Archie Co. for invoice of May 5, less debit memo of May 12 and discount. 12 14
nate: Date: Class: IILAccounting 13. Journalize the following transactions assuming a perpetual inventory system: May 5 Purchased merchandise from Archie Co., $6,000, terms FOB shipping point, 2/10, n/30 Prepaid freight costs of $100 were added to the invoice Issued a debit memo to Archie Co. for $2,500 of merchandise returned from purchase on May 5. 12 14 Paid Archie Co. for invoice of May 5, less debit memo of May 12 and discount.
GELP ASAP
Date: Date: Class: III Accounting I 13. Journalize the following transactions assuming a perpetual inventory system: way Purchased merchandise from Archie Co., $6,000, terms FOB shipping point, 2/10, n/30. Prepaid freight costs of $100 were added to the invoice. Issued a debit memo to Archic Co. for $2,500 of merchandise returned from purchase on May 5. Paid Archie Co. for invoice of May 5, less debit memo of May 12 and discount. 12 14
IS THIS CORRECT I DONT THINK IT IS HELP ASAP
nate: Date: Class: TIL Accounting] 13. Journalize the following transactions assuming a perpetual inventory system: Purchased merchandise from Archie Co., $6,000, terms FOB shipping point, 2/10, 1/30. Prepaid freight costs of $100 were added to the invoice. 12 Issued a debit memo to Archie Co. for $2,500 of merchandise returned from purchase on May 5. 14 Paid Archie Co. for invoice of May 5, less debit memo of May 12...
The following selected transactions were completed by Betz
Company during July of the current year. Betz Company uses the net
method under a perpetual inventory system.
July
1
Purchased merchandise from Sabol Imports Co., $13,701, terms
FOB destination, n/30.
3
Purchased merchandise from Saxon Co., $8,950, terms FOB
shipping point, 2/10, n/eom. Prepaid freight of $225 was added to
the invoice.
5
Purchased merchandise from Schnee Co., $13,450, terms FOB
destination, 2/10, n/30.
6
Issued debit memo to Schnee Co....
The following selected
transactions were completed by Betz Company during July of the
current year. Betz Company uses the net method under a perpetual
inventory system.
July
1
Purchased merchandise from Sabol Imports Co., $13,701, terms
FOB destination, n/30.
3
Purchased merchandise from Saxon Co., $8,950, terms FOB
shipping point, 2/10, n/eom. Prepaid freight of $225 was added to
the invoice.
5
Purchased merchandise from Schnee Co., $13,450, terms FOB
destination, 2/10, n/30.
6
Issued debit memo to Schnee Co....
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