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|
(a)
Account Titles and Explanation | Debit | Credit |
Notes receivable | 36000 | |
Sales revenue | 36000 | |
(To record sales) | ||
Cost of goods sold (30 x $900) | 27000 | |
Inventory | 27000 | |
(To record cost of goods sold) |
Crane Ranch & Cheyenne is a distributor of ranch and farm equipment. Its products range from...
Oriole Ranch & Waterway is a distributor of ranch and farm equipment. Its products range from small tools, power equipment for trench-digging and fencing, grain dryers, and barn winches. Most products are sold direct via its company catalog and Internet site. However, given some of its specialty products, select farm implement stores carry Oriole’s products. Pricing and cost information on three of Oriole’s most popular products are as follows. Item Standalone Selling Price (Cost) Mini-trencher $ 3,600 ($2,000 ) Power...
Crane Ranch & Farm is a distributor of ranch and farm equipment. Its products range from small tools, power equipment for trench-digging and fencing, grain dryers, and bam winches. Most products are sold direct via its company catalog and Internet site. However, given some of its specialty products, select farm implement stores carry Crane's products. Pricing and cost information on three of Crane's most popular products are as follows. Standalone Selling Price (Cost) ($2,000 ) (900 ) (11,000 ) Item...
Cullumber Ranch & Riverbed is a distributor of ranch and farm equipment. Its products range from small tools, power equipment for trench-digging and fencing, grain dryers, and barn winches. Most products are sold direct via its company catalog and Internet site. However, given some of its specialty products, select farm implement stores carry Cullumber's products. Pricing and cost information on three of Cullumber's most popular products are as follows Standalone Selling Price (Cost) Item $4,000 ($2,000) Mini-trencher Power fence hole...
Problem 18-5 (Part Level Submission) Concord Ranch & Marigold is a distributor of ranch and farm equipment. Its products range from small tools, power equipment for trench-digging and fencing, grain dryers, and barn winches. Most products are sold direct via its company catalog and Internet site. However, given some of its specialty products, select farm implement stores carry Concord's products. Pricing and cost information on three of Concord's most popular products are as follows. Item Mini-trencher Power fence hole auger...
Problem 18-5 (Part Level Submission) Concord Ranch & Marigold is a distributor of ranch and farm equipment. Its products range from small tools, power equipment for trench-digging and fencing, grain dryers, and barn winches. Most products are sold direct via its company catalog and Internet site. However, given some of its specialty products, select farm implement stores carry Concord's products. Pricing and cost information on three of Concord's most popular products are as follows. Item Mini-trencher Power fence hole auger...
Carla Ranch & Farm is a distributor of ranch and farm equipment. Its products range from small tools, power equipment for trench-digging and fencing, grain dryers, and barn winches. Most products are sold direct via its company catalog and Internet site. However, given some of its specialty products, select farm implement stores carry Carla's products. Pricing and cost information on three of Carla's most popular products are as follows. Item Mini-trencher Power fence hole auger Grain/hay dryer Standalone Selling Price...
Sage Ranch & Farm is a distributor of ranch and farm equipment. Its products range from small tools, power equipment for trench-digging and fencing, grain dryers, and barn winches. Most products are sold direct via its company catalog and Internet site. However, given some of its specialty products, select farm implement stores carry Sage’s products. Pricing and cost information on three of Sage’s most popular products are as follows.ItemStandaloneSelling Price (Cost)Mini-trencher$ 3,900($2,000)Power fence hole auger1,300(900)Grain/hay dryer12,900(11,000)Respond to the requirements related to the following independent...
Problem 18-05 (Part Level Submission) Pronghorn Ranch & Farm is a distributor of ranch and farm equipment. Its products range from small tools, power equipment for trench-digging and fencing, grain dryers, and barn winches. Most products are sold direct via its company catalog and Internet site. However, given some of its specialty products, select farm implement stores carry Pronghorn's products. Pricing and cost information on three of Pronghorn's most popular products are as follows. Item Mini-trencher Power fence hole auger...
Economy completes manual omy and Epic have documented the warehouse arrange ready to ship, and Economy may not sell these units to other customers. The (1) February 1, 2017, and (2) April 1, 2017 P18-5 (L02,3,4) (Allocate Transaction Price, Retums, and Consignments) Ritt Ranch & Farm is a distributor of ranch and farm equipment. Its products range from small tools, power equipment for trench-digging and fencing grain dryers, and barn winches. Most products are sold direct via its company catalog...
Exercise 18-14 (Part Level Submission) Crane Company manufactures equipment. Crane’s products range from simple automated machinery to complex systems containing numerous components. Unit selling prices range from $200,000 to $1,500,000 and are quoted inclusive of installation. The installation process does not involve changes to the features of the equipment and does not require proprietary information about the equipment in order for the installed equipment to perform to specifications. Crane has the following arrangement with Winkerbean Inc. ● Winkerbean purchases equipment...