Question 16 Wildhorse Industries purchased $8,300 of merchandise on February 1, 2020, subject to a trade...
Sheffield Industries purchased $14,000 of merchandise on February 1, 2020, subject to a trade discount of 10% and with credit terms of 3/15, n/60. It returned $2,900 (gross price before trade or cash discount) on February 4. The invoice was paid on February 13. Assuming that Sheffield uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment using the gross method. (If no entry is required, select "No entry" for the account titles and enter for...
Sweet Industries purchased $11,300 of merchandise on February 1, 2017, subject to a trade discount of 10% and with credit terms of 3/15, n/60. It returned $2,600 (gross price before trade or cash discount) on February 4. The invoice was paid on February 13. Assuming that Sweet uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment using the gross method. (If no entry is required, select "No entry" for the account titles and enter o...
Ivanhoe Industries purchased $14,000 of merchandise on February 1, 2017, subject to a trade discount of 10% and with credit terms of 3/15, n/60. It returned $2,900 (gross price before trade or cash discount) on February 4. The invoice was paid on February 13. Assuming that Ivanhoe uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment using the gross method. (If no entry is required, select "No entry" for the account titles and enter O...
Blossom Industries purchased $9,000 of merchandise on February 1, 2020, subject to a trade discount of 10% and with credit terms of 3/15, n/60. It returned $2,900 (gross price before trade or cash discount) on February 4. The invoice was paid on February 13. New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is partially correct. Assuming that Blossom uses the perpetual method for recording merchandise transactions, record the purchase, return, and...
Blossom Industries purchased $9,000 of merchandise on February 1, 2020, subject to a trade discount of 10% and with credit terms of 3/15, 1/60. It returned $2,900 (gross price before trade or cash discount) on February 4. The invoice was paid on February 13. Your answer is partially correct. Assuming that Blossom uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment using the gross method. (if no entry is required, select "No entry" for the...
Cullumber Industries purchased $12,500 of merchandise on February 1, 2017, subject to a trade discount of 10% and with credit terms of 3/15, n/60. It returned $2,300 (gross price before trade or cash discount) on February 4. The invoice was paid on February 13. Assuming that Cullumber uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment using the gross method. (If no entry is required, select "No entry" for the account titles and enter 0...
Discussions Blossom industries purchased $9.000 medando with credit termof3/15./6. It returned $2,900 Invoice was paid on February 12 February 1 2020, subject to a trade discount of 10% and price before trade or cash discount on February. The Collaboration W PLUS Support Assuming that Blossom uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment using the gross method. (If no entry is required, select "No entry" for the account titles and enter for the amounts....
ct to trade discount of 10% and with credit terms of 2015, 1/60. It returned $1,000 (gross price before trade or Wildhorse Industries purchased $8,300 of merchandise on February 1, 2020, w cash discount) on February 4. The invoice was paid on February 13 Assuming that Wildhorse uses the perpetual method for recording merchandise transactions, record the purchase, retum, and payment using the gross method. If no antry required, select "No entry for the accounts and enter for the amounts....
son indstriespurchased $9,000af menchande n Febary 1,2000bect a trade disount of 30% and wth oredt teat 3s.neaete$2900 trade ar cadcu on February 4. The involce was paid on Febnuary 12 Your answer is partially correct Assuming that Blossom uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment using the gross method (If no entry is required, select "No entry for the account titles and enter O for the amounts. Round answers to O decimal places,...
I only need help figuring out the Net Price in part 3 of the question. Please explain how you figured out the answer. Thank you. Sheridan Industries purchased $11,000 of merchandise on February 1, 2020, subject to a trade discount of 10% and with credit terms of 3/15, n/60. It returned $2,300 (gross price before trade or cash discount) on February 4. The invoice was paid on February 13. Your answer is correct. Assuming that Sheridan uses the perpetual method...