Question

TARGET CORP (Filer) CIK: 0000027419

Print Document View Excel Document

Cover Document and Entity Information Financial Statements Notes to Financial Statements Accounting Policies Notes Tables Notes Details All Reports

Document and Entity Information - USD ($) 12 Months Ended Feb. 03, 2018 Mar. 08, 2018 Jul. 29, 2017 Document and Entity Information Entity Registrant Name TARGET CORP Entity Central Index Key 0000027419 Document Type 10-K Document Period End Date Feb. 03, 2018 Amendment Flag false Current Fiscal Year End Date --02-03 Entity Well-known Seasoned Issuer Yes Entity Voluntary Filers No Entity Current Reporting Status Yes Entity Filer Category Large Accelerated Filer Entity Public Float $ 30,595,914,184 Entity Common Stock, Shares Outstanding 538,796,010 Document Fiscal Year Focus 2017 Document Fiscal Period Focus FY

Mailing Address 1000 NICOLLET MALL MINNEAPOLIS MN 55403

Business Address 1000 NICOLLET MALL MINNEAPOLIS MN 55403 6123046073

TARGET CORP (Filer) CIK: 0000027419 (see all company filings)

IRS No.: 410215170 | State of Incorp.: MN | Fiscal Year End: 0131
Type: 10-K | Act: 34 | File No.: 001-06049 | Film No.: 18689122
SIC: 5331 Retail-Variety Stores
Assistant Director 2

Refer to the Revenues footnote in Target Corporation’s most recent annual report

1. If I purchase The LEGO Movie 2 from Target.com and you buy it in a store, will there be any difference in how Target records our purchases? Assume that I pay for shipping and that we pay the same list price for the DVD.

Answer 1

Yes, there is a little difference in recording our purchases.

Journal entries in the books of Target Corp.

• Case 1:- when you buy it in a store .

Cash A/c Dr. (List price)

To sales A/c. (List price)

(For sale of DVD from store)

• Case 2:- when I purchased it from Target.com

1. Cash A/c. Dr. (Total price)*

To sales A/c (List price)

To shipping charges A/c ( shipping fee)

(For sale of DVD from website)

2. Shipping charges A/c Dr. (Shipping fee)

To shipping company A/c (Shipping fee)

( For amount due to shipping co.)

3. Shipping company A/c Dr. (Shipping fee)

To Cash A/c ( Shipping fee)

( For amount paid to shipping co.)

* (Total price = list price + shipping fee)