Homework Answers
Answer
| Cash | Inventory | Equipment | Accounts Payable | Common Stock | Revenue | Expenses | |
| Apr-05 | $28,600 | $28,600 | |||||
| Apr-07 | $32,000 | $32,000 | |||||
| Apr-08 | ($3,500) | ($3,500) | |||||
| Apr-15 | ($25,100) | ($25,100) |
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This information relates to Pharoah Co.. 1. 2. 3. 4. On April 5, purchased merchandise from...
Exercise 6-1 This information relates to Blossom Co.. 1. On April 5, purchased merchandise from Sunland...
Exercise 6-1 This information relates to Blossom Co.. 1. On April 5, purchased merchandise from Sunland Company for $26,200 on account. 2. On April 7, purchased equipment on account for $34,500. 3. On April 8, returned $3,900 of April 5 merchandise to Sunland Company. 4. On April 15, paid the amount due to Sunland Company in full. Prepare a tabular summary to record the transactions listed above for Rice Co. using a perpetual inventory system. (Enter negative amounts using either...
--/1 Question 1 View Policies Current Attempt in Progress This information relates to Ivanhoe Co.. 1....
--/1 Question 1 View Policies Current Attempt in Progress This information relates to Ivanhoe Co.. 1. On April 5, purchased merchandise from Pharoah Company for $26,200 on account. 2. On April 7, purchased equipment on account for $30,500. 3. On April 8, returned $3,900 of April 5 merchandise to Pharoah Company. 4. On April 15, paid the amount due to Pharoah Company in full. Prepare a tabular summary to record the transactions listed above for Rice Co. using a perpetual...
1. This information relates to Wildhorse Co. 1. On April 5, purchased merchandise from Sandhill Company...
1. This information relates to Wildhorse Co. 1. On April 5, purchased merchandise from Sandhill Company for $35,000 on account. 2. On April 7, purchased equipment on account for $36,600. 3. On April 8, returned $4,900 of April 5 merchandise to Sandhill Company. 4. On April 15, paid the amount due to Sandhill Company in full. Prepare a tabular summary to record the transactions listed above for Wildhorse Co. using a perpetual inventory system. Include margin explanations for the changes...
Question 2 --/1 View Policies Current Attempt in Progress The following transactions are for Ivanhoe Company....
Question 2 --/1 View Policies Current Attempt in Progress The following transactions are for Ivanhoe Company. 1. On December 3, Ivanhoe Company sold $492,700 of merchandise to Oriole Co. on account. The cost of the merchandise sold was $312,100. 2. On December 8, Oriole Co. returned $23,000 of merchandise purchased on December 3. The cost of the goods was $16.000. 3. On December 13, Ivanhoe Company received the balance due from Oriole Co. Prepare a tabular summary to record these...
On October 5, Bridgeport Company buys merchandise on account from Lasse Company. The purchase price of...
On October 5, Bridgeport Company buys merchandise on account from Lasse Company. The purchase price of the goods is $4,030. On October 20, Bridgeport sells all of the merchandise to Thom for $6,330 cash. Use a tabular summary to record the transactions for Bridgeport Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assets Liabilities + + Stoi Cash + Inv. = Accts. Pay. Common Stock...
On October 5, Grouper Company buys merchandise on account from Lasse Company. The purchase price of...
On October 5, Grouper Company buys merchandise on account from Lasse Company. The purchase price of the goods is $4,350. On October 20, Grouper sells all of the merchandise to Thom for $5,390 cash. Use a tabular summary to record the transactions for Grouper Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assets = Liabilities + Stockholders' Equity Retained Earnings Cash + Inv. = Accts....
Question 10 View Policies Current Attempt in Progress Use a tabular summary to record the following...
Question 10 View Policies Current Attempt in Progress Use a tabular summary to record the following transactions for Cullumber Company using a perpetual inventory system. (a) On March 2, Cullumber Company sold $928,800 of merchandise to Oriole Company on account. The cost of the merchandise sold was $511,500. (b) On March 6, Oriole Company returned $108,400 of the merchandise purchased on March 2. The cost of the merchandise returned was $60,800. (c) On March 12, Cullumber Company received the balance...
--/1.5 Question 3 View Policies Current Attempt in Progress On October 5, Pina Colada Company buys merchandise on accou...
--/1.5 Question 3 View Policies Current Attempt in Progress On October 5, Pina Colada Company buys merchandise on account from Lasse Company. The purchase price of the goods is $3,420. On October 20, Pina Colada sells all of the merchandise to Thom for $6,370 cash. Use a tabular summary to record the transactions for Pina Colada Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Assets Liabilities...
Current Attempt in Progress On October 5, Bridgeport Company buys merchandise on account from Lasse Company....
Current Attempt in Progress On October 5, Bridgeport Company buys merchandise on account from Lasse Company. The purchase price of the goods is $4,030. On October 20, Bridgeport sells all of the merchandise to Thom for $6,330 cash. Use a tabular summary to record the transactions for Bridgeport Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Assets Liabilities + Stockholders' Equity Retained Earnings Exp. Cash +...
Question 6 /1 View Policies Current Attempt in Progress Martinez Company buys merchandise on account from...
Question 6 /1 View Policies Current Attempt in Progress Martinez Company buys merchandise on account from Marigold Company for $695. Martinez sells the goods to Ellis for $1,120 cash. Use a tabular summary to record the transactions for Martinez Company using a perpetual inventory system. (Enter negathve amounts using either a negative sign preceding the number eg. -45 or parentheses e.s. (45)) ort Assets Liabilities Stockholders Equity Retained Earnings Accts. Common Cash Pay Inv Stock Rev. eTextbook and Media /1...
Exercise 6-1 This information relates to Blossom Co.. 1. On April 5, purchased merchandise from Sunland Company for $26,200 on account. 2. On April 7, purchased equipment on account for $34,500. 3. On April 8, returned $3,900 of April 5 merchandise to Sunland Company. 4. On April 15, paid the amount due to Sunland Company in full. Prepare a tabular summary to record the transactions listed above for Rice Co. using a perpetual inventory system. (Enter negative amounts using either...
--/1 Question 1 View Policies Current Attempt in Progress This information relates to Ivanhoe Co.. 1. On April 5, purchased merchandise from Pharoah Company for $26,200 on account. 2. On April 7, purchased equipment on account for $30,500. 3. On April 8, returned $3,900 of April 5 merchandise to Pharoah Company. 4. On April 15, paid the amount due to Pharoah Company in full. Prepare a tabular summary to record the transactions listed above for Rice Co. using a perpetual...
Question 2 --/1 View Policies Current Attempt in Progress The following transactions are for Ivanhoe Company. 1. On December 3, Ivanhoe Company sold $492,700 of merchandise to Oriole Co. on account. The cost of the merchandise sold was $312,100. 2. On December 8, Oriole Co. returned $23,000 of merchandise purchased on December 3. The cost of the goods was $16.000. 3. On December 13, Ivanhoe Company received the balance due from Oriole Co. Prepare a tabular summary to record these...
On October 5, Bridgeport Company buys merchandise on account from Lasse Company. The purchase price of the goods is $4,030. On October 20, Bridgeport sells all of the merchandise to Thom for $6,330 cash. Use a tabular summary to record the transactions for Bridgeport Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assets Liabilities + + Stoi Cash + Inv. = Accts. Pay. Common Stock...
Question 10 View Policies Current Attempt in Progress Use a tabular summary to record the following transactions for Cullumber Company using a perpetual inventory system. (a) On March 2, Cullumber Company sold $928,800 of merchandise to Oriole Company on account. The cost of the merchandise sold was $511,500. (b) On March 6, Oriole Company returned $108,400 of the merchandise purchased on March 2. The cost of the merchandise returned was $60,800. (c) On March 12, Cullumber Company received the balance...
--/1.5 Question 3 View Policies Current Attempt in Progress On October 5, Pina Colada Company buys merchandise on account from Lasse Company. The purchase price of the goods is $3,420. On October 20, Pina Colada sells all of the merchandise to Thom for $6,370 cash. Use a tabular summary to record the transactions for Pina Colada Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Assets Liabilities...
Current Attempt in Progress On October 5, Bridgeport Company buys merchandise on account from Lasse Company. The purchase price of the goods is $4,030. On October 20, Bridgeport sells all of the merchandise to Thom for $6,330 cash. Use a tabular summary to record the transactions for Bridgeport Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Assets Liabilities + Stockholders' Equity Retained Earnings Exp. Cash +...
Question 6 /1 View Policies Current Attempt in Progress Martinez Company buys merchandise on account from Marigold Company for $695. Martinez sells the goods to Ellis for $1,120 cash. Use a tabular summary to record the transactions for Martinez Company using a perpetual inventory system. (Enter negathve amounts using either a negative sign preceding the number eg. -45 or parentheses e.s. (45)) ort Assets Liabilities Stockholders Equity Retained Earnings Accts. Common Cash Pay Inv Stock Rev. eTextbook and Media /1...
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