Homework Answers
| June 1 | Accounts receivable | 63,000 | |
| Sales revenue | 63,000 | ||
| June 12 | Cash | 61,740 | |
| Sales discount (63,000*2%) | 1260 | ||
| Accounts Receivable | 63,000 |
Comment if you face any issues
Add Answer to:
Coronado Co. uses the gross method to record sales made on credit. On June 1, 2020,...
Larkspur Co. uses the gross method to record sales made on credit. On June 1, 2020,...
Larkspur Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $64,000 with terms 2/15, n/45. On June 12, 2020, Larkspur received full payment for the June 1 sale. Prepare the required journal entries for Larkspur Co. (If no entry is required, select "No Entry"for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal...
Whispering Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $57,000 with...
Whispering Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $57,000 with terms 2/15, 1/45. On June 12, 2020, Whispering received full payment for the June 1 Prepare the required journal entries for Whispering Co. Il ne entry is required, select "No Entry for the account titles and enter for the amounts Credit account tits are automatically indented when the amounts entered. Do not indent manually. Record journal entries in...
Headland Co. uses the net method to account for cash discounts. On June 1, 2020, it...
Headland Co. uses the net method to account for cash discounts. On June 1, 2020, it made sales of $65,000 with terms 4/15, n/45. On June 12, 2020, Headland received full payment for the June 1 sale. Prepare the required journal entries for Headland Co. (if no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal...
Pronghorn Co. uses the net method to account for cash discounts. On June 1,2020,it made sales...
Pronghorn Co. uses the net method to account for cash discounts. On June 1,2020,it made sales of $54,300 with terms 3/15, n/45.On June 12, 2020, Pronghorn received full payment for the June 1 sale Prepare the required journal entries for Pronghorn Co. (f no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit account oitles are automatically indented when the amount is entered. Do not indent manually Record journal entries in the...
Question 2 --/1 View Policies Current Attempt in Progress Ivanhoe Co. uses the gross method to record sales made on cre...
Question 2 --/1 View Policies Current Attempt in Progress Ivanhoe Co. uses the gross method to record sales made on credit. On June 1, 2017, it made sales of $60,000 with terms 3/15, n/45. On June 12, 2017, Ivanhoe received full payment for the June 1 sale. Prepare the required journal entries for Ivanhoe Co. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when...
Question 1 low Policies Current Attempt in Progress Sage Couses the gross method to record sales made on credit. On...
Question 1 low Policies Current Attempt in Progress Sage Couses the gross method to record sales made on credit. On June 1, 2020, it made sales of $56,000 with terms 4/15,1/45. On June 12, 2020, Sage received full payment for the June 1 sale Prepare the required journal entries for Sape Co.no entry is required select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when the amount not indent manasty Record...
how can I solve these two questions? RCSLIUI 1 View Policies ice and mual Current Attempt...
how can I solve these two questions?
RCSLIUI 1 View Policies ice and mual Current Attempt in Progress el cess Splish Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $43,000 with terms 2/15,6/45. On June 12, 2020, Splish received full payment for the June 1 sale. pport Prepare the required journal entries for Splish Co. (If no entry is required, select "No Entry for the account titles and enter...
Brief Exercise 7-2 Cullumber Co. uses the gross method to record sales made on credit. On...
Brief Exercise 7-2
Cullumber Co. uses the gross method to record sales made on
credit. On June 1, 2017, it made sales of $67,400 with terms 3/15,
n/45. On June 12, 2017, Cullumber received full payment for the
June 1 sale.
Prepare the required journal entries for Cullumber Co.
(If no entry is required, select "No Entry" for the
account titles and enter 0 for the amounts. Credit account titles
are automatically indented when the amount is entered. Do not...
Question 2 View Policies Current Attempt in Progress Vaughn Co. uses the gross method to record...
Question 2 View Policies Current Attempt in Progress Vaughn Co. uses the gross method to record sales made on credit. On July 1, 2020, it made sales of 60,000 with terms 2/10 1/30. On July 9, 2020, Vaughn received full payment for the July 1 sale. Prepare the required journal entries for Vaughn Co. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit List of Accounts
Early in 2020, Coronado Equipment Company sold 500 Rollomatics at $5,500 each. During 2020, Coronado spent...
Early in 2020, Coronado Equipment Company sold 500 Rollomatics
at $5,500 each. During 2020, Coronado spent $18,000 servicing the
2-year assurance warranties that accompany the Rollomatic. All
applicable transactions are on a cash basis.
Part 1 Prepare 2020 entries for Coronado. Assume that Coronado estimates the total cost of servicing the warranties in the second year will be $32,000. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles...
Larkspur Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $64,000 with terms 2/15, n/45. On June 12, 2020, Larkspur received full payment for the June 1 sale. Prepare the required journal entries for Larkspur Co. (If no entry is required, select "No Entry"for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal...
Whispering Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $57,000 with terms 2/15, 1/45. On June 12, 2020, Whispering received full payment for the June 1 Prepare the required journal entries for Whispering Co. Il ne entry is required, select "No Entry for the account titles and enter for the amounts Credit account tits are automatically indented when the amounts entered. Do not indent manually. Record journal entries in...
Headland Co. uses the net method to account for cash discounts. On June 1, 2020, it made sales of $65,000 with terms 4/15, n/45. On June 12, 2020, Headland received full payment for the June 1 sale. Prepare the required journal entries for Headland Co. (if no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal...
Pronghorn Co. uses the net method to account for cash discounts. On June 1,2020,it made sales of $54,300 with terms 3/15, n/45.On June 12, 2020, Pronghorn received full payment for the June 1 sale Prepare the required journal entries for Pronghorn Co. (f no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit account oitles are automatically indented when the amount is entered. Do not indent manually Record journal entries in the...
Question 2 --/1 View Policies Current Attempt in Progress Ivanhoe Co. uses the gross method to record sales made on credit. On June 1, 2017, it made sales of $60,000 with terms 3/15, n/45. On June 12, 2017, Ivanhoe received full payment for the June 1 sale. Prepare the required journal entries for Ivanhoe Co. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when...
Question 1 low Policies Current Attempt in Progress Sage Couses the gross method to record sales made on credit. On June 1, 2020, it made sales of $56,000 with terms 4/15,1/45. On June 12, 2020, Sage received full payment for the June 1 sale Prepare the required journal entries for Sape Co.no entry is required select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when the amount not indent manasty Record...
how can I solve these two questions?
RCSLIUI 1 View Policies ice and mual Current Attempt in Progress el cess Splish Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $43,000 with terms 2/15,6/45. On June 12, 2020, Splish received full payment for the June 1 sale. pport Prepare the required journal entries for Splish Co. (If no entry is required, select "No Entry for the account titles and enter...
Brief Exercise 7-2
Cullumber Co. uses the gross method to record sales made on
credit. On June 1, 2017, it made sales of $67,400 with terms 3/15,
n/45. On June 12, 2017, Cullumber received full payment for the
June 1 sale.
Prepare the required journal entries for Cullumber Co.
(If no entry is required, select "No Entry" for the
account titles and enter 0 for the amounts. Credit account titles
are automatically indented when the amount is entered. Do not...
Question 2 View Policies Current Attempt in Progress Vaughn Co. uses the gross method to record sales made on credit. On July 1, 2020, it made sales of 60,000 with terms 2/10 1/30. On July 9, 2020, Vaughn received full payment for the July 1 sale. Prepare the required journal entries for Vaughn Co. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit List of Accounts
Early in 2020, Coronado Equipment Company sold 500 Rollomatics
at $5,500 each. During 2020, Coronado spent $18,000 servicing the
2-year assurance warranties that accompany the Rollomatic. All
applicable transactions are on a cash basis.
Part 1 Prepare 2020 entries for Coronado. Assume that Coronado estimates the total cost of servicing the warranties in the second year will be $32,000. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles...
Most questions answered within 3 hours.
-
La Niña conditions are forecasted to result in dry conditions in
the spring. You are trying...
asked 2 minutes ago -
The YTM on a 6-month $20 par value zero-coupon bond is 18%, and
the YTM on...
asked 3 minutes ago -
Write In JAVA:
Part 1
The use of computers in education is referred to as
computer-assisted...
asked 10 minutes ago -
Show all of your work and use the half-reaction method
for acidic redox reactions.
1.
H2O2aq+...
asked 12 minutes ago -
The Harry and Belinda Johnson Family Might Have a Career
Change
Harry has started out fine...
asked 18 minutes ago -
Tyler Company acquired all of Jasmine Company’s outstanding
stock on January 1, 2016, for $244,700 in...
asked 21 minutes ago -
In the guanidinium ion, [C(NH2)3] + , what is the best
description of the hybridizations of...
asked 24 minutes ago -
Could you please explain, how this code works?
public void addAfter(int element){
if (this.manyItems == 0){...
asked 35 minutes ago -
Does the complexity of the project dictate the estimating
method?
asked 31 minutes ago -
in regards to the movie FRIDA,
The movie has as its background the Mexican Revolution, thus:...
asked 36 minutes ago -
a) A given electrical circuit operating on "V" volts with "R"
ohms of resistance draws 5.8...
asked 40 minutes ago -
Describe three challenges you think payroll accountants face in
their job responsibilities. Also, if you were...
asked 44 minutes ago