Homework Answers
| Date | Account | Debit | Credit |
| May 10 | Cash | 5754 | |
| Service charge expenses (6,000*4.10%) | 246 | ||
| Sales revenue | 6,000 | ||
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Current Attempt in Progress On May 10, Tamarisk, Inc. sold merchandise for $6,000 and accepted the...
Current Attempt in Progress On May 10, Metlock, Inc. sold merchandise for $6,500 and accepted the...
Current Attempt in Progress On May 10, Metlock, Inc. sold merchandise for $6,500 and accepted the customer's Best Business Bank MasterCard. At the end of the day, the Best Business Bank MasterCard receipts were deposited in the company's bank account. Best Business Bank charges a 3.80% service charge for credit card sales. Prepare the entry on Metlock, Inc.'s books to record the sale of merchandise. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date...
USLIUM IU "iew Policies how Attempt History Current Attempt in Progress - Your answer is partially...
USLIUM IU "iew Policies how Attempt History Current Attempt in Progress - Your answer is partially correct. On May 10, Bonita Industries sold merchandise for $12,000 and accepted the customer's Best Business Bank MasterCard. At the end of the day, the Best Business Bank MasterCard receipts were deposited in the company's bank account. Best Business Bank charges a 3.7% service charge for credit card sales. Prepare the entry on Bonita Industries's books to record the sale of merchandise. (Credit account...
Kimmel, Financial Accounting, be Help System Announcements CALCULATOR PRINTER VERSION BACK Exercise 8-8 On May 10,...
Kimmel, Financial Accounting, be Help System Announcements CALCULATOR PRINTER VERSION BACK Exercise 8-8 On May 10, Coronado Industries sold merchandise for $31,000 and accepted the customer's Best Business Bank MasterCard. At the end of the day, the Best Business Bank MasterCard receipts were deposited in the company's bank account, Best Business Bank charges a 3.3% service charge for credit card sales. Prepare the entry on Coronado Industries's books to record the sale of merchandise. (Credit account titles are automatically indented...
pharaoh company accepted a Visa card payment Question 2 View Policies Current Attempt in Progress Consider...
pharaoh company accepted a Visa card payment
Question 2 View Policies Current Attempt in Progress Consider these transactions: Creatit account tities are automatically indented when amount is entered. Do not indent manually (a) Pharoah Company accepted a Visa card in payment of a $400 lunch bill. The bank charges a 4% fee. What entry should Pharoah make? (b) Shamrock, Inc. sold its accounts receivable of $61,600. What entry should Shamrock make, given a service charge of 4% on the amount...
Exercise 8-7 Presented below are two independent situations. On March 3, Kitselman Appliances sells $763,800 of its rece...
Exercise 8-7 Presented below are two independent situations. On March 3, Kitselman Appliances sells $763,800 of its receivables to Ervay Factors Inc. Ervay Factors assesses a finance charge of 3% of the amount of receivables sold. Prepare the entry on Kitselman Appliances’ books to record the sale of the receivables. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) On May 10, Fillmore Company sold merchandise for $14,800 and accepted the customer’s America Bank MasterCard....
Weygandt, Financial Accounting, 10e FINANCIAL ACCOUNTING (ACCT 100/ BU Grace Period: 2 days left Regist Assignment...
Weygandt, Financial Accounting, 10e FINANCIAL ACCOUNTING (ACCT 100/ BU Grace Period: 2 days left Regist Assignment Gradebook ORION Downloadable eTextbook int CALCULATOR FULL SCREEN PRINTER VERSION «Аск On March 3, Kitselman Appliances sells $774,300 of its receivables to Monty Inc. Monty assesses a finance charge of 3% of the amount of receivables sold. Prepare the entry on Kitselman Appliances' books to record the sale of the receivables. (Credit account titles are automatically indented when amount is entered. Do not indent...
Current Attempt in Progress On May 1, 2020, Indigo Inc. entered into a contract to deliver...
Current Attempt in Progress On May 1, 2020, Indigo Inc. entered into a contract to deliver one of its specialty mowers to kickapoo Landscaping Co. The contract requires Kickapoo to pay the contract price of $965 in advance on May 15, 2020. Kickapoo pays Indigo on May 15, 2020, and Indigo delivers the mower (with cost of $651) on May 31, 2020. (a) Prepare the journal entry on May 1, 2020, for Indigo. (Credit account titles are automatically indented when...
please help with this accounting question! Question 2 View Policies Current Attempt in Progress Consider these tran...
please help with this accounting question!
Current Attempt in Progress Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Cullumber Company accepted a Visa card in payment of a $350 lunch bill. The bank charges a 4% fee. What entry should Cullumber make? Marin Inc. sold its accounts receivable of $62.600. What entry should Marin make, given a service charge of 4 % on the amount of receivables so (a) () No....
please help with this accounting question! Question 4 Updates View Policies Current Attempt in Progress ences...
please help with this accounting question!
Question 4 Updates View Policies Current Attempt in Progress ences Record the following transactions on the books of Sunland Colomit cost of goods sold entries) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Rus support a) On July 1. Sunland Co. sold merchandise on account to Stacey Inc. for $22,180, terms 4/10, 1/30 On July & Stacey Inc....
Current Attempt in Progress In 2020. Pina Inc. issued 1.200 shares of $10 par value common...
Current Attempt in Progress In 2020. Pina Inc. issued 1.200 shares of $10 par value common stock for land worth $41,000. (a) Prepare Pina's journal entry to record the transaction. (Credit account titles are automatically indented when amou indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts.)
Current Attempt in Progress On May 10, Metlock, Inc. sold merchandise for $6,500 and accepted the customer's Best Business Bank MasterCard. At the end of the day, the Best Business Bank MasterCard receipts were deposited in the company's bank account. Best Business Bank charges a 3.80% service charge for credit card sales. Prepare the entry on Metlock, Inc.'s books to record the sale of merchandise. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date...
USLIUM IU "iew Policies how Attempt History Current Attempt in Progress - Your answer is partially correct. On May 10, Bonita Industries sold merchandise for $12,000 and accepted the customer's Best Business Bank MasterCard. At the end of the day, the Best Business Bank MasterCard receipts were deposited in the company's bank account. Best Business Bank charges a 3.7% service charge for credit card sales. Prepare the entry on Bonita Industries's books to record the sale of merchandise. (Credit account...
Kimmel, Financial Accounting, be Help System Announcements CALCULATOR PRINTER VERSION BACK Exercise 8-8 On May 10, Coronado Industries sold merchandise for $31,000 and accepted the customer's Best Business Bank MasterCard. At the end of the day, the Best Business Bank MasterCard receipts were deposited in the company's bank account, Best Business Bank charges a 3.3% service charge for credit card sales. Prepare the entry on Coronado Industries's books to record the sale of merchandise. (Credit account titles are automatically indented...
pharaoh company accepted a Visa card payment
Question 2 View Policies Current Attempt in Progress Consider these transactions: Creatit account tities are automatically indented when amount is entered. Do not indent manually (a) Pharoah Company accepted a Visa card in payment of a $400 lunch bill. The bank charges a 4% fee. What entry should Pharoah make? (b) Shamrock, Inc. sold its accounts receivable of $61,600. What entry should Shamrock make, given a service charge of 4% on the amount...
Weygandt, Financial Accounting, 10e FINANCIAL ACCOUNTING (ACCT 100/ BU Grace Period: 2 days left Regist Assignment Gradebook ORION Downloadable eTextbook int CALCULATOR FULL SCREEN PRINTER VERSION «Аск On March 3, Kitselman Appliances sells $774,300 of its receivables to Monty Inc. Monty assesses a finance charge of 3% of the amount of receivables sold. Prepare the entry on Kitselman Appliances' books to record the sale of the receivables. (Credit account titles are automatically indented when amount is entered. Do not indent...
Current Attempt in Progress On May 1, 2020, Indigo Inc. entered into a contract to deliver one of its specialty mowers to kickapoo Landscaping Co. The contract requires Kickapoo to pay the contract price of $965 in advance on May 15, 2020. Kickapoo pays Indigo on May 15, 2020, and Indigo delivers the mower (with cost of $651) on May 31, 2020. (a) Prepare the journal entry on May 1, 2020, for Indigo. (Credit account titles are automatically indented when...
please help with this accounting question!
Current Attempt in Progress Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Cullumber Company accepted a Visa card in payment of a $350 lunch bill. The bank charges a 4% fee. What entry should Cullumber make? Marin Inc. sold its accounts receivable of $62.600. What entry should Marin make, given a service charge of 4 % on the amount of receivables so (a) () No....
please help with this accounting question!
Question 4 Updates View Policies Current Attempt in Progress ences Record the following transactions on the books of Sunland Colomit cost of goods sold entries) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Rus support a) On July 1. Sunland Co. sold merchandise on account to Stacey Inc. for $22,180, terms 4/10, 1/30 On July & Stacey Inc....
Current Attempt in Progress In 2020. Pina Inc. issued 1.200 shares of $10 par value common stock for land worth $41,000. (a) Prepare Pina's journal entry to record the transaction. (Credit account titles are automatically indented when amou indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts.)
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