Homework Answers
| Date | Account titles and explanation | Debit | Credit |
| July 1 | Accounts Receivable - Stacey Inc. | $22,180 | |
| Sales | $22,180 | ||
| July 8 | Sales Returns and Allowances | $2,580 | |
| Accounts Receivable - Stacey Inc. | $2,580 | ||
| July 11 | Cash | $18,816 | |
| Sales Discounts($19,600 * 4%) | $784 | ||
| Accounts Receivable - Stacey Inc.($22,180 - $2,580) | $19,600 |
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please help with this accounting question!
Question 4 Updates View Policies Current Attempt in Progress ences...
Question 1 View Policies Current Attempt In Progress Record the following transactions on the books of...
Question 1 View Policies Current Attempt In Progress Record the following transactions on the books of Skysong, Inc. (Omit cost of goods sold entries.) Credit accounties ar automatically indented when amount is entered Doro Indent man (a) On July 1, Skysong, Inc. sold merchandise on account to Stacey Inc. for $22.200, terms 4/10,n30. (b) On July 8, Stacey Inc. returned merchandise worth $2,400 to Skysong, Inc. (d) On July 11, Stacey Inc. paid for the merchandise. No. Date Account Titles...
please help with this accounting question! Question 11 View Policies Current Attempt in Progress On March...
please help with this accounting question!
Question 11 View Policies Current Attempt in Progress On March 3, Oriole Company sells $736,600 of its receivables to Western Factors Inc. Western Factors Inc. assesses a service charge of 4% of the amount of receivables sold Prepare the entry on Oriole Company books to record the sale of the receivables. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 3...
View Policies Current Attempt in Progress Prepare journal entries to record the following sales transactions in...
View Policies Current Attempt in Progress Prepare journal entries to record the following sales transactions in Wildhorse Company's books. Wildhorse uses a perpetual inventory system Jan. 2 4 Wildhorse sold $14,000 of merchandise to Xiaoyan Company, terms 1/30, FOB shipping point. The cost of the merchandise sold was $5.530 The correct company paid freight costs of $245. Xiaoyan returned $1.400 of the merchandise purchased on January 2 because it was not needed. The cost of the merchandise returned was 5550,...
Tue, Feb 25, 2020, 12:22:28 PMIAmerica/Los Angeles -08:00) Question 2 View Policies Current Attempt in Progress...
Tue, Feb 25, 2020, 12:22:28 PMIAmerica/Los Angeles -08:00) Question 2 View Policies Current Attempt in Progress Prepare the journal entries to record the following transactions on Blossom Company's books using a perpetual inventory system. (If no entry is required, select "No Entry" indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On March 2, Blossom Company sold $889,200 of merchandise to Sunland Company, terms 2/10, n/30. The cost of...
Question 1 View Policies Current Attempt in Progress This information relates to Skysong Co. 1. On...
Question 1 View Policies Current Attempt in Progress This information relates to Skysong Co. 1. On April 5, purchased merchandise from Sheridan Company for $27,600, terms 3/10,n/30. 2. On April 6, paid freight costs of $770 on merchandise purchased from Sheridan. 3. On April 7, purchased equipment on account for $34,300. 4. On April 8, returned $5,300 of April 5 merchandise to Sheridan Company. 5. On April 15, paid the amount due to Sheridan Company in full. (a) Prepare the...
Brief Exercise 8-02 Record the following transactions on the books of Crane Co. (Omit cost of...
Brief Exercise 8-02 Record the following transactions on the books of Crane Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. not indent manually. Record journal entries in the order presented in the problem.) (a) On July 1, Crane Co. sold merchandise on account to Stacey Inc. for $21,860, terms 3/10, n/30. (b) On July 8, Stacey Inc. returned merchandise worth $2,360 to Crane Co. (c) On July 11, Stacey Inc. paid...
Accounting y Updates Question 2 ssions View Policies Current Attempt in Progress erences aborations In January,...
Accounting y Updates Question 2 ssions View Policies Current Attempt in Progress erences aborations In January, Dieker Company requisitions raw materials for production as follows Job 15990. Job 2 $1,300, Job 3 5770, and general factory use $700 PLUS Support Prepare a summary journal entry to record raw materials used. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Jan. 31
Record the following transactions on the books of Crane Co. (Omit cost of goods sold entries.)...
Record the following transactions on the books of Crane Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On July 1, Crane Co. sold merchandise on account to Stacey Inc. for $21,860, terms 3/10, n/30. (b) On July 8, Stacey Inc. returned merchandise worth $2,360 to Crane Co. (c) On July 11, Stacey Inc. paid for...
Question 1 of 2 ./15 E View Policies Current Attempt in Progress On January 6, Bramble...
Question 1 of 2 ./15 E View Policies Current Attempt in Progress On January 6, Bramble Corp. sells merchandise on account to Harley Inc. for 58,100, terms 3/10,130. On January 16, Harley pays the amount due Prepare the entries on Bramble Corp's books to record the sale and related collection (Omit cost of goods sold entries) (Credit account titles are automatically Indented when amount is entered. Do not indent vonually. Record journal entries in the order presented in the problem)...
Question 18 View Policies Current Attempt in Progress Prepare the journal entries to record the following...
Question 18 View Policies Current Attempt in Progress Prepare the journal entries to record the following purchase transactions in Crane Company's books. Crane uses a perpetual inventory system. Mar. 12 Crane purchased $22,000 of merchandise from Dalibor Company, terms 2/10, 1/30, FOB destination. 13 The correct company paid freight costs of $245. 14 Crane returned $3,600 of the merchandise purchased on March 12 because it was damaged. 21 Crane paid the balance owing to Dalibor. (Credit account titles are automatically...
Question 1 View Policies Current Attempt In Progress Record the following transactions on the books of Skysong, Inc. (Omit cost of goods sold entries.) Credit accounties ar automatically indented when amount is entered Doro Indent man (a) On July 1, Skysong, Inc. sold merchandise on account to Stacey Inc. for $22.200, terms 4/10,n30. (b) On July 8, Stacey Inc. returned merchandise worth $2,400 to Skysong, Inc. (d) On July 11, Stacey Inc. paid for the merchandise. No. Date Account Titles...
please help with this accounting question!
Question 11 View Policies Current Attempt in Progress On March 3, Oriole Company sells $736,600 of its receivables to Western Factors Inc. Western Factors Inc. assesses a service charge of 4% of the amount of receivables sold Prepare the entry on Oriole Company books to record the sale of the receivables. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 3...
View Policies Current Attempt in Progress Prepare journal entries to record the following sales transactions in Wildhorse Company's books. Wildhorse uses a perpetual inventory system Jan. 2 4 Wildhorse sold $14,000 of merchandise to Xiaoyan Company, terms 1/30, FOB shipping point. The cost of the merchandise sold was $5.530 The correct company paid freight costs of $245. Xiaoyan returned $1.400 of the merchandise purchased on January 2 because it was not needed. The cost of the merchandise returned was 5550,...
Tue, Feb 25, 2020, 12:22:28 PMIAmerica/Los Angeles -08:00) Question 2 View Policies Current Attempt in Progress Prepare the journal entries to record the following transactions on Blossom Company's books using a perpetual inventory system. (If no entry is required, select "No Entry" indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On March 2, Blossom Company sold $889,200 of merchandise to Sunland Company, terms 2/10, n/30. The cost of...
Question 1 View Policies Current Attempt in Progress This information relates to Skysong Co. 1. On April 5, purchased merchandise from Sheridan Company for $27,600, terms 3/10,n/30. 2. On April 6, paid freight costs of $770 on merchandise purchased from Sheridan. 3. On April 7, purchased equipment on account for $34,300. 4. On April 8, returned $5,300 of April 5 merchandise to Sheridan Company. 5. On April 15, paid the amount due to Sheridan Company in full. (a) Prepare the...
Brief Exercise 8-02 Record the following transactions on the books of Crane Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. not indent manually. Record journal entries in the order presented in the problem.) (a) On July 1, Crane Co. sold merchandise on account to Stacey Inc. for $21,860, terms 3/10, n/30. (b) On July 8, Stacey Inc. returned merchandise worth $2,360 to Crane Co. (c) On July 11, Stacey Inc. paid...
Accounting y Updates Question 2 ssions View Policies Current Attempt in Progress erences aborations In January, Dieker Company requisitions raw materials for production as follows Job 15990. Job 2 $1,300, Job 3 5770, and general factory use $700 PLUS Support Prepare a summary journal entry to record raw materials used. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Jan. 31
Question 1 of 2 ./15 E View Policies Current Attempt in Progress On January 6, Bramble Corp. sells merchandise on account to Harley Inc. for 58,100, terms 3/10,130. On January 16, Harley pays the amount due Prepare the entries on Bramble Corp's books to record the sale and related collection (Omit cost of goods sold entries) (Credit account titles are automatically Indented when amount is entered. Do not indent vonually. Record journal entries in the order presented in the problem)...
Question 18 View Policies Current Attempt in Progress Prepare the journal entries to record the following purchase transactions in Crane Company's books. Crane uses a perpetual inventory system. Mar. 12 Crane purchased $22,000 of merchandise from Dalibor Company, terms 2/10, 1/30, FOB destination. 13 The correct company paid freight costs of $245. 14 Crane returned $3,600 of the merchandise purchased on March 12 because it was damaged. 21 Crane paid the balance owing to Dalibor. (Credit account titles are automatically...
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