In the Month of March, Digby Corporation received orders of 165 units at a price of...
In the Month of March, Digby Corporation received orders of 165 units at a price of $15.00 for their product Dixie. Digby uses the accrual method of accounting and offers 30 day credit terms. Digby delivers 110 units in March and the balance of 55 units in April. They received payment for 55 units in March, 55 units in April, and 55 units in May. How much revenue is recognized on the March income statement from this order? How much in the April Income statement? (Answer in thousands) Select: 1 $825 , $825 $1,650 , $825 $2,475 , 0 0 , $2,475
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In the Month of March, Digby Corporation received orders of 165
units at a price of...
In the Month of March, Baldwin received orders of 127 units at a price of $15.00...
In the Month of March, Baldwin received orders of 127 units at a price of $15.00 for their product Best. Baldwin uses the accrual method of accounting and offers 30 day credit terms. Baldwin delivers 127 units in April. They received payment for 64 units in March, and 64 units in April. In the March income statement, how much revenue is recognized on the March income statement from this order? How much in the April Income statement? (Answer in thousands)...
In the month of March the Digby Corporation received and delivered orders of 164,000 units at...
In the month of March the Digby Corporation received and
delivered orders of 164,000 units at a price of $15.00 for revenue
of $2.460mil for their product Dune. Digby uses the accrual method
of accounting and offers 30 day credit terms. By the end of May
Digby had collected payments of $2.460mil for the March deliveries.
How much of the collected $2.460mil should Digby show on the March
31st income statement and how much on the May 31st income
statement?...
n the Month of March, Baldwin received orders of 100 units at a price of $15.00...
n the Month of March, Baldwin received orders of 100 units at a price of $15.00 for their product Bid. Baldwin uses the accrual method of accounting and offers 30 day credit terms. Baldwin delivers 100 units in April. They received payment for 50 units in March, and 50 units in April. In the March income statement, how much revenue is recognized on the March income statement from this order? How much in the April Income statement? (Answer in thousands)...
In the month of March, the Baldwin Corporation received and delivered orders of 138,000 units at...
In the month of March, the Baldwin Corporation received and delivered orders of 138,000 units at a price of $15.00 for revenue of $2.07 mil for their product Beetle. Balwin uses the accrual method of accounting and offers 30 day credit terms. By the end of May baldwin had collected payments of $2.07 mil for the March deliveries. How much of the collected $2.07 mil should Baldwin show on the March 31st income statement and how much on the May...
Question # 67 Accounting In the month of March, the Irving Corporation received an order of...
Question # 67 Accounting In the month of March, the Irving Corporation received an order of 150,000 units at a unit price of $28.98 for its product Ignite. It uses the accrual method of accounting and offers 30-day credit terms. Irving delivers 100,000 units in March and the remaining 50,000 units in April. It received the payment for 50,000 units in March, 50,000 units in April, and 50,000 units in May Given this information, how much revenue is recognized on...
Currently Attic is charged $1,500,800 Depreciation on the Income Statement of Andrews. Andrews is planning for...
Currently Attic is charged $1,500,800 Depreciation on the Income Statement of Andrews. Andrews is planning for an crease in this depreciation. On the financial statements of Andrews will this? Select: 1 Save Answer Decrease Net Cash from Operations on the Cash Flow Statement. Have no impact on the Net Cash from Operations as depreciation appears in both Cash Flow and the Income Statement Increase Net Cash from Operations on the Cash Flow Statement Just impact the Balance Sheet. In the...
Home Insert Draw Page Layout Formulas Data Review View Help Tell me what you want to...
Home Insert Draw Page Layout Formulas Data Review View Help Tell me what you want to do = = ). General Calibri B I 11 . Font - A A . .A. Wrap Text Merge & Center. U $ . % * 3 Alignment Number Clipboard R14 4. A . B C D G H nter the last 4 digits of your student ID number 4 Name/s: 7 Save this file in EXCEL FORMAT as: P2 Lastname 8 Round all...
39. Cash was paid by Janer's Cleaning Service to creditors on account. Which of the following...
39. Cash was paid by Janer's Cleaning Service to creditors on account. Which of the following entries for Janer's Cleaning Service records this transaction? a. Cash, debit; Debbi Janer, Capital, credit b. Accounts Payable, debit; Cash, credit c. Accounts Receivable, debit; Cash, credit d. Accounts Payable, debit; Accounts Receivable, credit 40. Which of the following statements is not true about liabilities? a. Liabilities are debts owed to outsiders. b. Account titles of liabilities often include the term "payable." e. Cash...
8. Which of the following accounts has a normal debit balance? a. Accounts Payable b. Sales...
8. Which of the following accounts has a normal debit balance? a. Accounts Payable b. Sales Returns and Allowances c. Sales d. Interest Revenue 9. Using a perpetual inventory system, the entry to record the purchase of $30,000 of merchandise on account would include a a. debit to Sales b. debit to Merchandise Inventory c. credit to Merchandise Inventory d. credit to Sales 10. A retailer purchases merchandise with a catalog list price of $15,000. The retailer receives a 30%...
Use the following to answer the next six questions: During the fiscal year ended December 31,...
Use the following to answer the next six questions: During the fiscal year ended December 31, 2017. the City of Johnstown issued 6% genera obligation serial bonds in the amount of $2.000.000 at 102 ($2.040,000) and used $1,980,000 of the proceeds to construct a fire station. The $40,000 premium was transferred to a debt service fund. The $20.000 left in the capital projects fund at the end of the project was later transferred to the debt service fund. The bonds...
In the month of March the Digby Corporation received and
delivered orders of 164,000 units at a price of $15.00 for revenue
of $2.460mil for their product Dune. Digby uses the accrual method
of accounting and offers 30 day credit terms. By the end of May
Digby had collected payments of $2.460mil for the March deliveries.
How much of the collected $2.460mil should Digby show on the March
31st income statement and how much on the May 31st income
statement?...
Question # 67 Accounting In the month of March, the Irving Corporation received an order of 150,000 units at a unit price of $28.98 for its product Ignite. It uses the accrual method of accounting and offers 30-day credit terms. Irving delivers 100,000 units in March and the remaining 50,000 units in April. It received the payment for 50,000 units in March, 50,000 units in April, and 50,000 units in May Given this information, how much revenue is recognized on...
Currently Attic is charged $1,500,800 Depreciation on the Income Statement of Andrews. Andrews is planning for an crease in this depreciation. On the financial statements of Andrews will this? Select: 1 Save Answer Decrease Net Cash from Operations on the Cash Flow Statement. Have no impact on the Net Cash from Operations as depreciation appears in both Cash Flow and the Income Statement Increase Net Cash from Operations on the Cash Flow Statement Just impact the Balance Sheet. In the...
Home Insert Draw Page Layout Formulas Data Review View Help Tell me what you want to do = = ). General Calibri B I 11 . Font - A A . .A. Wrap Text Merge & Center. U $ . % * 3 Alignment Number Clipboard R14 4. A . B C D G H nter the last 4 digits of your student ID number 4 Name/s: 7 Save this file in EXCEL FORMAT as: P2 Lastname 8 Round all...
39. Cash was paid by Janer's Cleaning Service to creditors on account. Which of the following entries for Janer's Cleaning Service records this transaction? a. Cash, debit; Debbi Janer, Capital, credit b. Accounts Payable, debit; Cash, credit c. Accounts Receivable, debit; Cash, credit d. Accounts Payable, debit; Accounts Receivable, credit 40. Which of the following statements is not true about liabilities? a. Liabilities are debts owed to outsiders. b. Account titles of liabilities often include the term "payable." e. Cash...
8. Which of the following accounts has a normal debit balance? a. Accounts Payable b. Sales Returns and Allowances c. Sales d. Interest Revenue 9. Using a perpetual inventory system, the entry to record the purchase of $30,000 of merchandise on account would include a a. debit to Sales b. debit to Merchandise Inventory c. credit to Merchandise Inventory d. credit to Sales 10. A retailer purchases merchandise with a catalog list price of $15,000. The retailer receives a 30%...
Use the following to answer the next six questions: During the fiscal year ended December 31, 2017. the City of Johnstown issued 6% genera obligation serial bonds in the amount of $2.000.000 at 102 ($2.040,000) and used $1,980,000 of the proceeds to construct a fire station. The $40,000 premium was transferred to a debt service fund. The $20.000 left in the capital projects fund at the end of the project was later transferred to the debt service fund. The bonds...
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