Only need help with part (b) first pic is extra informationOnly need part (b) answered
(b)
Account titles and explanation | Debit | Credit |
Sales Returns and Allowances | $93,200 | |
Accounts Receivable | $93,200 | |
Merchandise Inventory | $59,200 | |
Cost of Goods Sold | $59,200 |
Only need help with part (b) first pic is extra informationOnly need part (b) answered On...
Only part c Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation Equipment Advertising Expense Buildings Cash Casuality Loss from Vandalism Cost of Goods Sold Depreciation Expense Dividend Revenue Equipment Freight-In Freight-Out Income Summary Insurance Expense Interest Expense Interest Payable Interest Revenue Inventory Land Loss on Disposal of Plant Assets Maintenance and Repairs Expense Notes Payable Operating Expenses Owner's Capital Owner's Drawings Prepaid Insurance Property Tax Expense Property Taxes Payable Purchase Discounts Purchase Returns and Allowances Purchases Rent Expense Salaries and...
question 2 Prepare the journal entries to record the following transactions on Cheyenne Company's books under a perpetual inventory system. (a) On March 2, Oriole Company sold $932,000 of merchandise on account to Cheyenne Company, terms 3/10, n/30. The cost of the merchandise sold was $581,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Credit Account Titles and Explanation Debit
Attempts: 3 of 5 used (b On March 6, Concord Company returned $94,000 of the merchandise purchased on March 2. The cost of the returned merchandise was $53,100. (Credit account tities are automatically indented when amount is entered. Do not indent manually.) Account Tities and Explanation Debit Credit (To record merchandise returned) (To record cost of merchandise returned) Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TER Attempts:...
Part C thank you. Hele I System Announcements CALCULATOR | | PRINTER VERSION ! : イBA Brief Exercise 5-05 a-c (Part Level Submission) Prepare the journal entries to record the following transactions on Novak Company's books under a perpetual inventory system. 7(a) Your answE is partially correct. Try again. On March 2. Wildhorse Company sold $916,000 of merchandise $597,000. (Credi on account to Novak Company, terms 2/10, n/30. The cost of the merchandise sold was it account titles are automatically...
On March 2, Cullumber Company sold $835,000 of merchandise on account to Bramble Company, terms 2/10, n/30. The cost of the merchandise sold was $585,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Show List of Accounts Show Answer Link to Text Attempts: 3 of 3 used (b) Your answer is partially correct. Try again. On March 6, Bramble Company returned $83,500 of the merchandise purchased on March...
On March 2, Skysong, Inc. sold $929,000 of merchandise on account to Riverbed Company, terms 4/10, n/30. The cost of the merchandise sold was $558,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit (To record credit sale) To record cost of merchandise sold) On March 6, Riverbed Company returned $92,900...
Brief Exercise 10-08 Skysong, Inc. issues $256,000, 10-year, 7% bonds at 98. Prepare the journal entry to record the sale of these bonds on March 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work Concord Corporation issued 2,700 6%, 5-year, $1,000 bonds dated January 1, 2022, at face value. Interest is paid...
Thank you. thumbs up! Brief Exercise 5-05 a-c Prepare the journal entries to record the following transactions on Sensat Company's books using a perpetual inventory system. On March 2, Kwang Company sold $900,000 of merchandise on account to Sensat Company, terms 2/10, n/30. The cost of the merchandise sold was $620,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o...
Exercise 10-13 On January 1, Oriole Company issued $315,000, 10%, 10-year bonds at face value. Interest is payable annually on January 1. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Date Account Titles and Explanation Credit Jan. 1 Prepare the journal entry to record the accrual of interest on December 31. (Credit account titles are automatically indented when amount is entered. Do...
Please show how you got the answers. Prepare the journal entries to record the following transactions on Ayayai Company's books using a perpetual inventory system Your answer is correct. On March 2, Blossom Company sold £801,000 of merchandise on account to Ayayal Company, terms 2/10,n/30. The cost of the merchandise sold was £521,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry"for the account titles and enter...