Hi how would I journal this statement: June 6 Billed the Royal Bar Jetters $323.40 plus...
Hi how would I journal this statement: June 6 Billed the Royal Bar Jetters $323.40 plus sales tax for accessories installed for no-charge on their racing craft (sales invoice number G4014). Round all sales tax calculations to the nearest cent.
would I be using: Account Recievable? and Sales?
Homework Answers
As the amount has been billed it has become an asset for Royal Bar Jetters. Thus, accounts receivable will be debited.
Since, accessories have been installed and a sale has been made for revenue, the sale account shall be credited.
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Hi how would I journal this statement: June 6 Billed the Royal
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Hi, please help with the question below. Make sure you follow
the three requirements:
1. Answer the question only in the case that you can make sure
you would answer them all
2. Choose the title for each column from my picture (I have
posted the options for you, so just choose it, don't make it up by
yourself) YOU SHOULD ALSO CALCULATE THE NUMBER FOR EACH QUESTION,
NOT JUST CHOOSE THE TITLE!!
3. Strictly follow the format of the...
Need help please asap.
Royal Gift Shop sells cards, supplies, and various holiday greeting cards. Sales to retail customers are subject to an 8 percent sales tax. The firm sells its merchandise for cash; to customers using bank credit cards, such as MasterCard and Visa; and to customers using American Express. The bank credit cards charge a 1 percent fee. American Express charges a 2 percent fee. Royal Gift Shop also grants trade discounts to certain wholesale customers who place...
Please Create a Sales journal using the perpetual method for
dates
June 4th
June 15th
June 18th
June 21st
The business uses a simplified specific identifica Cost of Goods Sold: u policy by applying a 48 percent The sales price is provided for studen markup to arrive at the actual sales price tbe for ea entification costing sale based on this markup policy. (HINT: This method to calculate the cos sold was introduced in Chapter 4.) combined local and state...
Hi, I would like you to help me with the solutions for avttached
document that is shown below. Thank you very much.
V Ltd was established on 1 July 2018 with share capital of $132 000. One year later the statement of comprehensive income and statement of financial position were as follows: Statement of Sales revenue Interest revenue Dividend revenue Exempt income Capital profit on sale of land hensive income for the year ended 30 June 2019 650 000 300...
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Hi, please help with the below question. I have posted the
option that you can choose for the column, and make sure you follow
the format as been listed in the chart below! Only answer the
question in the case that you can make sure you would answer them
all! Thank you!
The following transactions of Penny and Dime Marine Supply occurred during 2018 and 2019: (Click the icon to view the transactions.) Requirement 1. Record the transactions in the...
Hi, please help with the question below. Make sure you follow
the three requirements:
1. Answer the question only in the case that you can make sure
you would answer them all
2. Choose the title for each column from my picture (I have
posted the options for you, so just choose it, don't make it up by
yourself) YOU SHOULD ALSO CALCULATE THE NUMBER FOR EACH QUESTION,
NOT JUST CHOOSE THE TITLE!!
3. Strictly follow the format of the...
Need general journal transactions for 31, 35, 36, 37, 38, and
41.
Excel File Edit View Insert Format Tools Data Window Help Page Layout Formulas Data Review View AA = = = Wrap Text Home Insert R Xcut © Copy - Paste Format A x B I U Morge & Center f June 30: Check #5013 was used to pay for a cash dividend of $0.21 per share to Jeremy, a shareholder of Byt B The Computer Equipment has an...
Hi, please help with the question below. Make sure you follow
the three requirements:
1. Answer the question only in the case that you can make sure
you would answer them all
2. Choose the title for each column from my picture (I have
posted the options for you, so just choose it, don't make it up by
yourself) YOU SHOULD ALSO CALCULATE THE NUMBER FOR EACH QUESTION,
NOT JUST CHOOSE THE TITLE!!
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