True Value received an invoice dated April 23, 2020. The invoice had a $5,800 balance that...
True Value received an invoice dated April 23, 2020. The invoice had a $5,800 balance that included $600 freight. Terms were 4/10, 3/30, n/60. True Value pays the invoice on May 07. What amount does True Value pay?
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True Value received an invoice dated April 23, 2020. The invoice
had a $5,800 balance that...
Maplewood Supply received a $5,380 invoice dated 4/5/10. The $5,380 included $380 freight. Terms were 2/10,...
Maplewood Supply received a $5,380 invoice dated 4/5/10. The $5,380 included $380 freight. Terms were 2/10, 1/30, 1/60 a. If Maplewood pays the invoice on April 27, what will it pay? Payable amount b. If Maplewood pays the invoice on May 21, what will it Payable amount
Apr 2 Purchased merchandise from Lyon Company under the following terms: $4,600 price, invoice dated April...
Apr. 2 Purchased merchandise from Lyon Company under the following terms: $4,600 price, Invoice dated April 2, credit terms of 2/15, n/60, and FOB shipping point. 3 Paid $300 for shipping charges on the April 2 purchase. 4 Retumed to Lyon Company unacceptable merchandise that had an invoice price of $600. 17 Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise. 18 Purchased merchandise from Frist Corp. under the following terms: $8,500 price, Invoice...
πιουτε τιπ Part 2A: Determine the Best Option for Homes Need Love Instructions: Calculate the following...
πιουτε τιπ Part 2A: Determine the Best Option for Homes Need Love Instructions: Calculate the following scenarios. Indicate which of the options are better, financially, for HNL Scenario 1 HNL received a $5,250 invoice dated 4/15/16 from Wall Art Direct. The $5,250 included $250 freight. Terms were 4/10, 3/30, n/60 Page 1 of 3 BUS 1158: Business Math Week 7 If HNL pays the invoice on April 27, what will it pay? Show your work in the space provided. If...
1. Smith Co. has received an invoice dated June 5 for 10 surfboards with a list...
1. Smith Co. has received an invoice dated June 5 for 10 surfboards with a list price of $2,500 each, and for freight of $250. The terms were: Trade items: List less 15% and 5%. Payment terms 3/10, 2/20, n/30 (June has 30 days) (a) What is the last day the invoice can be paid and how much should be paid? [2 marks]
An invoice dated September 30 in the amount of $75,000.00 was received by Info Systems on...
An invoice dated September 30 in the amount of $75,000.00 was received by Info Systems on October 5. Cash discount on the invoice was 2/10, 1/15, N/30. On October 5 Info Systems mailed a check in the amount of $15,000.00 as a partial payment on the invoice. The outstanding balance owed after the payment was _______.
Alexa May, director of accounts, received a bill for $648, dated April 6
Alexa May, director of accounts, received a bill for $648, dated April 6, with sales terms 2/10, 1/15, n/30. A 3% penalty is charged for payment after 30 days. Find the amount due if the bill is paid on or before April 16.
4 On March 19 Jangles Corporation received a $20,800 invoice dated March 16. Cash discount terms...
4 On March 19 Jangles Corporation received a $20,800 invoice dated March 16. Cash discount terms were 3/10, 1/30. On March 23, Jangles sent an $8.320 partial payment a. What credit should Jangles receive? (Round your answer to the nearest cent.) Credi im b. What is Jangles' outstanding balance? (Round your answer to the nearest cent) Outstanding balance
Type your answer in the box. On April 8, Party Time received merchandise costing $1,500 with...
Type your answer in the box. On April 8, Party Time received merchandise costing $1,500 with freight charges of $100 paid by the supplier and added to the invoice, terms 2/10, n/30. Some goods were returned, and, on April 11, the supplier issued a credit memo in the amount of $400. On April 17, Party Time wrote a check for the amount due of $ (Do not input a comma or cents.)
Type your answer in the box. On April 8, Party Time received merchandise costing $1,500 with...
Type your answer in the box. On April 8, Party Time received merchandise costing $1,500 with freight charges of $100 paid by the supplier and added to the invoice, terms 2/10, n/30. Some goods were returned, and, on April 11, the supplier issued a credit memo in the amount of $400. On April 17, Party Time wrote a check for the amount due of $ (Do not input a comma or cents.)
Problem 5-1B Preparing journal entries for merchandising activities-perpetual system P1 P2 Prepare journal entries to record...
Problem 5-1B Preparing journal entries for merchandising activities-perpetual system P1 P2 Prepare journal entries to record the following merchandising transactions of IKEA, which uses the perpetual inventory system and gross method. Hint: It will help to identify each receivable and payable; for example, record the purchase on May 2 in Accounts Payable-Havel. Purchased merchandise from Havel Co. for $10,000 uſder credit terms of 1/15, n/30, FOB shipping point, invoice May 2dated May 2. Sold merchandise to Rath Co. for $11,000...
Maplewood Supply received a $5,380 invoice dated 4/5/10. The $5,380 included $380 freight. Terms were 2/10, 1/30, 1/60 a. If Maplewood pays the invoice on April 27, what will it pay? Payable amount b. If Maplewood pays the invoice on May 21, what will it Payable amount
πιουτε τιπ Part 2A: Determine the Best Option for Homes Need Love Instructions: Calculate the following scenarios. Indicate which of the options are better, financially, for HNL Scenario 1 HNL received a $5,250 invoice dated 4/15/16 from Wall Art Direct. The $5,250 included $250 freight. Terms were 4/10, 3/30, n/60 Page 1 of 3 BUS 1158: Business Math Week 7 If HNL pays the invoice on April 27, what will it pay? Show your work in the space provided. If...
1. Smith Co. has received an invoice dated June 5 for 10 surfboards with a list price of $2,500 each, and for freight of $250. The terms were: Trade items: List less 15% and 5%. Payment terms 3/10, 2/20, n/30 (June has 30 days) (a) What is the last day the invoice can be paid and how much should be paid? [2 marks]
Alexa May, director of accounts, received a bill for $648, dated April 6, with sales terms 2/10, 1/15, n/30. A 3% penalty is charged for payment after 30 days. Find the amount due if the bill is paid on or before April 16.
4 On March 19 Jangles Corporation received a $20,800 invoice dated March 16. Cash discount terms were 3/10, 1/30. On March 23, Jangles sent an $8.320 partial payment a. What credit should Jangles receive? (Round your answer to the nearest cent.) Credi im b. What is Jangles' outstanding balance? (Round your answer to the nearest cent) Outstanding balance
Type your answer in the box. On April 8, Party Time received merchandise costing $1,500 with freight charges of $100 paid by the supplier and added to the invoice, terms 2/10, n/30. Some goods were returned, and, on April 11, the supplier issued a credit memo in the amount of $400. On April 17, Party Time wrote a check for the amount due of $ (Do not input a comma or cents.)
Type your answer in the box. On April 8, Party Time received merchandise costing $1,500 with freight charges of $100 paid by the supplier and added to the invoice, terms 2/10, n/30. Some goods were returned, and, on April 11, the supplier issued a credit memo in the amount of $400. On April 17, Party Time wrote a check for the amount due of $ (Do not input a comma or cents.)
Problem 5-1B Preparing journal entries for merchandising activities-perpetual system P1 P2 Prepare journal entries to record the following merchandising transactions of IKEA, which uses the perpetual inventory system and gross method. Hint: It will help to identify each receivable and payable; for example, record the purchase on May 2 in Accounts Payable-Havel. Purchased merchandise from Havel Co. for $10,000 uſder credit terms of 1/15, n/30, FOB shipping point, invoice May 2dated May 2. Sold merchandise to Rath Co. for $11,000...
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