Homework Answers
| Sales to Wizard Inc | 220 |
| Sales to Spyder | 98 |
| Sales discount offered to wizard (220*2%) | -4.40 |
| Sales discount offered to Spyder | 0 |
| Total revenue | 313.60 |
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During the months of January and February, Solitare Corporation sold...
During the months of January and February, Solitare Corporation sold goods to two customers. The sequence...
During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows: Jan. 6 Sold goods for $60 to Wizard Inc. with terms 2/30, n/60. The goods cost Solitare $62. 8 Sold goods to Spyder Corp. for $56 with terms 2/10, n/30. The goods cost Solitare $52. 14 Collected cash for the amount due from Wizard Inc. Feb. 28 Collected cash for the amount due from Spyder Corp. Required: Compute the...
During the months of January and February, Solitare Corporation sold goods to two customers. The sequence...
During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows Jan. 6 Sold goods for $160 to wizard Inc. With terns 2/30, 1/60. The goods cost Solitare $73. 9 Sold goods to Spyder Corp. for $89 with terms 2/10, /30. The goods cost Solitare $63. 14 Collected cash for the amount due from Wizard Inc. Feb. 28 collected cash for the amount due fro Spyder Corp. points Required: Compute...
-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...
Required information (The following information applies to the questions displayed below] Hospital Equipment Company (HEC) acquired...
Required information (The following information applies to the questions displayed below] Hospital Equipment Company (HEC) acquired several fMRI machines for its inventory at a cost of $4,200 per machine. HEC usually sells these machines to hospitals at a price of $7.440. HEC also separately sells 12 months of training and repair services for fMRI machines for $1.860. HEC is paid $7.440 cash on November 30 for the sale of an fMRI machine delivered on December 1, HEC sold the machine...
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...
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...
1) During the months of January, Pearson Corporation sold goods to customers. Assume Pearson uses a...
1) During the months of January, Pearson Corporation sold goods to customers. Assume Pearson uses a perpetual inventory system. The sequence of events was as follows: Date Transaction Jan.6 Sold goods for $1,290 to Kate Inc. with terms 1/15, n/30. The goods cost Pearson $467. Jan 10 Sold goods to Randall Corp for $1,560 with terms 2/15, n/30. The goods cost Pearson $746. Jan 19 Collected cash due from Randall Inc. What is the gross profit from these transactions? 2)...
Help Save & Exit Subr Homework Check my work E6-1 (Algo) Reporting Net Sales with Credit...
Help Save & Exit Subr Homework Check my work E6-1 (Algo) Reporting Net Sales with Credit Sales and Sales Discounts L06-1 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 $1,100 to S. Green and billed that amount subject to terms 2/10, n/30. 6 Sold goods to M. Munoz for $620 and billed that amount subiect to terms 2/10, n/30. 14 Collected cash...
During the months of January and February, Axe Corporation purchased goods from three suppliers. The sequence...
During the months of January and February, Axe Corporation purchased goods from three suppliers. The sequence of events was as follows: Jan. 6 Purchased goods for $2,000 from Green with terms 2.5/15, n/60. 6 Purchased goods from Munoz for $850 with terms 2.5/15, n/60. 14 Paid Green in full. 2 Paid Munoz in full. 28 Purchased goods for $750 from Reynolds with terms n/60 (no discount). Feb. Required: Assume that Axe uses a perpetual inventory system, the company had no...
During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows: Jan. 6 Sold goods for $60 to Wizard Inc. with terms 2/30, n/60. The goods cost Solitare $62. 8 Sold goods to Spyder Corp. for $56 with terms 2/10, n/30. The goods cost Solitare $52. 14 Collected cash for the amount due from Wizard Inc. Feb. 28 Collected cash for the amount due from Spyder Corp. Required: Compute the...
During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows Jan. 6 Sold goods for $160 to wizard Inc. With terns 2/30, 1/60. The goods cost Solitare $73. 9 Sold goods to Spyder Corp. for $89 with terms 2/10, /30. The goods cost Solitare $63. 14 Collected cash for the amount due from Wizard Inc. Feb. 28 collected cash for the amount due fro Spyder Corp. points Required: Compute...
-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...
Required information (The following information applies to the questions displayed below] Hospital Equipment Company (HEC) acquired several fMRI machines for its inventory at a cost of $4,200 per machine. HEC usually sells these machines to hospitals at a price of $7.440. HEC also separately sells 12 months of training and repair services for fMRI machines for $1.860. HEC is paid $7.440 cash on November 30 for the sale of an fMRI machine delivered on December 1, HEC sold the machine...
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...
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...
Help Save & Exit Subr Homework Check my work E6-1 (Algo) Reporting Net Sales with Credit Sales and Sales Discounts L06-1 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 $1,100 to S. Green and billed that amount subject to terms 2/10, n/30. 6 Sold goods to M. Munoz for $620 and billed that amount subiect to terms 2/10, n/30. 14 Collected cash...
During the months of January and February, Axe Corporation purchased goods from three suppliers. The sequence of events was as follows: Jan. 6 Purchased goods for $2,000 from Green with terms 2.5/15, n/60. 6 Purchased goods from Munoz for $850 with terms 2.5/15, n/60. 14 Paid Green in full. 2 Paid Munoz in full. 28 Purchased goods for $750 from Reynolds with terms n/60 (no discount). Feb. Required: Assume that Axe uses a perpetual inventory system, the company had no...
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