Homework Answers
Net sales = Total sales - Discount
= ($1,100 + $620 + $490) - ($1,100 X 2%)
= $2,188
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Help Save & Exit Subr Homework Check my work E6-1 (Algo) Reporting Net Sales with Credit...
During the months of January and February, Hancock Corporation sold goods to three customers. The sequence...
During the months of January and February, Hancock Corporation sold goods to three customers. The sequence of events was as follows: Jan. 6 Sold goods for $700 to S. Green and billed that amount subject to terms 1/10, n/30. 6 Sold goods to M. Munoz for $520 and billed that amount subject to terms 1/10, n/30. 14 Collected cash due from S. Green. 2 Collected cash due from M. Munoz. 28 Sold goods for $460 to R. Reynolds and billed...
During the months of January and February, Hancock Corporation sold goods to three customers. The sequence...
During the months of January and February, Hancock Corporation sold goods to three customers. The sequence of events was as follows: Jan. 6 Sold goods for $1,200 to S. Green and billed that amount subject to terms 2/10, n/30. 6 Sold goods to M. Munoz for $660 and billed that amount subject to terms 2/10, n/30. 14 Collected cash due from S. Green. Feb. 2 Collected cash due from M. Munoz. 28 Sold goods for $540 to R. Reynolds and...
During the months of January and February, Hancock Corporation sold goods to three customers. The sequence...
During the months of January and February, Hancock Corporation sold goods to three customers. The sequence of events was as follows Jan. 6 Sold goods for $700 to S. Green and billed that amount subject to terms 3/10, n/30. 6 Sold goods to M. Munoz for $640 and billed that amount subject to terms 3/10, n/30. 14 Collected cash due from S. Green. Feb. 2 Collected cash due from M. Munoz. 28 Sold goods for $460 to R. Reynolds and...
need help with problems E6-1 and E6-3 help with both please Reconciling em a. Outstanding checks...
need help with problems E6-1 and E6-3 help with both
please
Reconciling em a. Outstanding checks b. Bank service charge c. Deposit in transit M6-7 de Chapter Supplement) Recording Sales Discounts A sale is made for $6.00; terms me yje, 0. Al what amount should the sale the gross method of recording les discounts Give the required entry. Also give the assuming that it is during the discount period. Rinwind Assume contrare Determi EXERCISES connect Returns Braze S cosas decrease...
Check my work E6-4 (Algo) Determining the Effects of Credit Sales, Sales Discounts, Credit Card Sales,...
Check my work E6-4 (Algo) Determining the Effects of Credit Sales, Sales Discounts, Credit Card Sales, and Sales Returns and Allowances on Income Statement Categories L06-1 Griffin Shoe Company records Sales Returns and Allowances, Sales Discounts, and Credit Card Discounts as contra-revenues. July 12 Sold merchandise to customer at factory store who charged the $400 purchase on her American Express card. American Express charges a 3 percent credit card fee. Cost of goods sold was $275. July 15 Sold merchandise...
-0 6-4 6-12 Reporting Net Sales with Credit Sales and Sales Discounts During the months of...
-0 6-4 6-12 Reporting Net Sales with Credit Sales and Sales Discounts During the months of January and February, Solitare Corporation sold goods to three cuero The sequence of events was as follows: Jan. 6 Sold goods for $100 to Wizard Inc. with terms 2/10, n/30. The good Solitare $70. 6 Sold goods to Spyder Corp. for $80 with terms 2/10, n/30. The goods cool Solitare $60. Collected cash due from Wizard Inc. Feb. 2 Collected cash due from Spyder...
U . U Lauren Maragh M Homework Other Help Save & Exit Submit Check my work...
U . U Lauren Maragh M Homework Other Help Save & Exit Submit Check my work E6-2 (Algo) Reporting Net Sales with Credit Sales, Sales Discounts, and Credit Card Sales L06-1. The following transactions were selected from the records of OceanView Company July 12 Sold merchandise to Customer R, who charged the $4,800 purchase on his Visa credit card. Visa charges Oceanview a 2 percent credit card fee. 15 Sold merchandise to Customer sat an invoice price of $10,900; terms...
E6-3 Reporting Net Sales with Credit Sales, Sales Discounts, Sales Returns, and Credit Card Sales LO6-1...
E6-3 Reporting Net Sales with Credit Sales, Sales Discounts, Sales Returns, and Credit Card Sales LO6-1 The following transactions were selected from among those completed by Cadence Retailers November and December: Nov. 20 Sold 20 items of merchandise to Customer B at an invoice price of $5,800 (total); terms 4/10, n/30. 25 Sold two items of merchandise to Customer C, who charged the $700 sales price on her Visa credit card. Visa charges Cadence Retailers a 3 percent credit card...
" . LO 6-4 25 6 Reporting Net Sales with Credit Sales, Sales Discounts, and Sales...
" . LO 6-4 25 6 Reporting Net Sales with Credit Sales, Sales Discounts, and Sales Returns The following transactions were selected from among those completed by Bear's Retail Store: Nov. 20 Sold two items of merchandise to Cheryl Jahn, who paid the $400 sales price in cash. The goods cost Bear's $300. Sold 20 items of merchandise to Vasko Athletics at a selling price of $4,000 (total); terms 3/10, n/30. The goods cost Bear's $2,500. 28 Sold 10 identical...
H/w. Accounts Receivable Task 1 E6-3 Reporting Net Sales with Credit Sales, Sales Discounts, Sales Returns,...
H/w. Accounts Receivable Task 1 E6-3 Reporting Net Sales with Credit Sales, Sales Discounts, Sales Returns, and Credit Card Sales The following transactions were selected from among those completed by Cadence Retailers in 2011: L02 Nov. 20 Sold 20 items of merchandise to Customer B at an invoice price of $5,500 (total); terms 3/10,n/30. 25 Sold two items of merchandise to Customer C, who charged the $400 sales price on her Visa credit card. Visa charges Cadence Retailers a 2...
During the months of January and February, Hancock Corporation sold goods to three customers. The sequence of events was as follows: Jan. 6 Sold goods for $700 to S. Green and billed that amount subject to terms 1/10, n/30. 6 Sold goods to M. Munoz for $520 and billed that amount subject to terms 1/10, n/30. 14 Collected cash due from S. Green. 2 Collected cash due from M. Munoz. 28 Sold goods for $460 to R. Reynolds and billed...
During the months of January and February, Hancock Corporation sold goods to three customers. The sequence of events was as follows Jan. 6 Sold goods for $700 to S. Green and billed that amount subject to terms 3/10, n/30. 6 Sold goods to M. Munoz for $640 and billed that amount subject to terms 3/10, n/30. 14 Collected cash due from S. Green. Feb. 2 Collected cash due from M. Munoz. 28 Sold goods for $460 to R. Reynolds and...
need help with problems E6-1 and E6-3 help with both
please
Reconciling em a. Outstanding checks b. Bank service charge c. Deposit in transit M6-7 de Chapter Supplement) Recording Sales Discounts A sale is made for $6.00; terms me yje, 0. Al what amount should the sale the gross method of recording les discounts Give the required entry. Also give the assuming that it is during the discount period. Rinwind Assume contrare Determi EXERCISES connect Returns Braze S cosas decrease...
Check my work E6-4 (Algo) Determining the Effects of Credit Sales, Sales Discounts, Credit Card Sales, and Sales Returns and Allowances on Income Statement Categories L06-1 Griffin Shoe Company records Sales Returns and Allowances, Sales Discounts, and Credit Card Discounts as contra-revenues. July 12 Sold merchandise to customer at factory store who charged the $400 purchase on her American Express card. American Express charges a 3 percent credit card fee. Cost of goods sold was $275. July 15 Sold merchandise...
-0 6-4 6-12 Reporting Net Sales with Credit Sales and Sales Discounts During the months of January and February, Solitare Corporation sold goods to three cuero The sequence of events was as follows: Jan. 6 Sold goods for $100 to Wizard Inc. with terms 2/10, n/30. The good Solitare $70. 6 Sold goods to Spyder Corp. for $80 with terms 2/10, n/30. The goods cool Solitare $60. Collected cash due from Wizard Inc. Feb. 2 Collected cash due from Spyder...
U . U Lauren Maragh M Homework Other Help Save & Exit Submit Check my work E6-2 (Algo) Reporting Net Sales with Credit Sales, Sales Discounts, and Credit Card Sales L06-1. The following transactions were selected from the records of OceanView Company July 12 Sold merchandise to Customer R, who charged the $4,800 purchase on his Visa credit card. Visa charges Oceanview a 2 percent credit card fee. 15 Sold merchandise to Customer sat an invoice price of $10,900; terms...
" . LO 6-4 25 6 Reporting Net Sales with Credit Sales, Sales Discounts, and Sales Returns The following transactions were selected from among those completed by Bear's Retail Store: Nov. 20 Sold two items of merchandise to Cheryl Jahn, who paid the $400 sales price in cash. The goods cost Bear's $300. Sold 20 items of merchandise to Vasko Athletics at a selling price of $4,000 (total); terms 3/10, n/30. The goods cost Bear's $2,500. 28 Sold 10 identical...
H/w. Accounts Receivable Task 1 E6-3 Reporting Net Sales with Credit Sales, Sales Discounts, Sales Returns, and Credit Card Sales The following transactions were selected from among those completed by Cadence Retailers in 2011: L02 Nov. 20 Sold 20 items of merchandise to Customer B at an invoice price of $5,500 (total); terms 3/10,n/30. 25 Sold two items of merchandise to Customer C, who charged the $400 sales price on her Visa credit card. Visa charges Cadence Retailers a 2...
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