Homework Answers
Answer is C
| General Journal | Debit | Credit |
| Cash | $4,158 | |
| Sales Returns and Allowances | $400 | |
| Sales Discounts[($4,600 - $400) * 0.01] | $42 | |
| Accounts Receivable | $4,600 |
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Multiple Choice Question 101 Your answer is incorrect. Try again. Marigold Company sells merchandise on account...
Question 1 Crane Company made a purchase of merchandise on credit from Wildhorse Company on August...
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11. Baker Company sells merchandise on account for $5,000 to Helix Company with credit terms of...
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Part II 7. Holt Company sells merchandise on account for $4,000 to Jones Company with...
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anything helps 35. Brian Company sells company sells merchandise on account for $1.800 to Samantha Compa...
anything helps
35. Brian Company sells company sells merchandise on account for $1.800 to Samantha Compa the Company with credit terms of 2/10, 1/30. Samantha Company returns S300 of me that was damage la Company returns S300 of merchandise wat was damaged, along with a check to settle the account within the period. What is the amount of the check? A) $1,470 B) $1,476 C) $1,350 D) $1,464 36. Jones Outfitters sold S5,000 in merchandise to a customer on credit....
1.Baker Company sells merchandise on account for $5,000 to Helix Company with credit terms of 1/10,...
1.Baker Company sells merchandise on account for $5,000 to Helix Company with credit terms of 1/10, 1/30. Helix Company returns $600 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Baker Company make upon receipt of the check? 4,400 4,400 4,356 644 5,000 a. Cash ......... Accounts Receivable........... b. Cash ........... Sales Returns and Allowances............. Accounts Receivable.......... c. Cash.. Sales Returns and Allowances........... Sales Discounts. Accounts Receivable....... d. Cash..............
Scale Company sells merchandise on account for $2,500 to Reata Company with credit terms of 3/10,...
Scale Company sells merchandise on account for $2,500 to Reata Company with credit terms of 3/10, n/60. Reata Company returns $200 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Scale Company make upon receipt of the check and the damaged merchandise?
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12. Livingston Company sells merchandise on account for $6,000 to Briggs Inc. on April 10 with...
12. Livingston Company sells merchandise on account for $6,000 to Briggs Inc. on April 10 with credit terms 3/15, n/60. Briggs returns $1,000 of the merchandise on April 15. Briggs paid for the remainder of the goods within the discount period on April 20. What entry would Livingston make to record the receipt of payment from Briggs on April 20 if it uses the perpetual Inventory system? 6,000 Accounts Receivable 5,820 Accounts Receivable a. Cash b. Cash 6,000 5,820 c....
On September 12, Ryan Company sold merchandise in the amount of $7.600 to Johnson Company, with...
On September 12, Ryan Company sold merchandise in the amount of $7.600 to Johnson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4.900. Ryan uses the periodic inventory system and the net method of accounting for sales On September 14, Johnson returns some of the merchandise. The selling price of the merchandise is $680 and the cost of the merchandise returned is $440. Johnson pays the invoice on September 18, and takes the appropriate...
On June 10, Tamarisk, Inc. purchased $7,350 of merchandise on account from Culver Company, FOB shipping...
On June 10, Tamarisk, Inc. purchased $7,350 of merchandise on account from Culver Company, FOB shipping point, terms 3/10, n/30. Tamarisk, Inc. pays the freight costs of $500 on June 11. Goods totaling $650 are returned to Culver for credit on June 12. On June 19. Tamarisk, Inc. pays Culver Company in full, less the purchase discount. Both companies use a perpetual inventory system. Prepare separate entries for each transaction for Culver Company. The merchandise purchased by Tamarisk, Inc. on...
Question 1 Crane Company made a purchase of merchandise on credit from Wildhorse Company on August 8, for $9400, terms 2/10, n/30. On August 17, Crane makes payment to Wildhorse. The entry on August 17 for Crane Company is: Accounts Payable Cash 9400 9400 9212 9212 Accounts Payable Cash Accounts Payable Inventory Cash 9400 9212 9400 Accounts Payable Purchase Returns and Allowances Cash 188 9212 Click if you would like to Show Work for this question: Open Show Work Question...
11. Baker Company sells merchandise on account for $5,000 to Helix Company with credit terms of 1/10, 30. Helix Company returns $600 of merchandise that was damaged, along with a check to settle the account within the discount period. Whatentry does Baker Company make upon receipt of the check? 4,400 4.400 Accounts Receivable Cash Sales Returns and Allowances Accounts Receivable 4,356 600 44 5,000 d Sales Returns and Allowances. Sales Discounts. Accounts Receivable...... Cash .................. Sales Discounts....................... Sales Returns and...
anything helps
35. Brian Company sells company sells merchandise on account for $1.800 to Samantha Compa the Company with credit terms of 2/10, 1/30. Samantha Company returns S300 of me that was damage la Company returns S300 of merchandise wat was damaged, along with a check to settle the account within the period. What is the amount of the check? A) $1,470 B) $1,476 C) $1,350 D) $1,464 36. Jones Outfitters sold S5,000 in merchandise to a customer on credit....
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12. Livingston Company sells merchandise on account for $6,000 to Briggs Inc. on April 10 with credit terms 3/15, n/60. Briggs returns $1,000 of the merchandise on April 15. Briggs paid for the remainder of the goods within the discount period on April 20. What entry would Livingston make to record the receipt of payment from Briggs on April 20 if it uses the perpetual Inventory system? 6,000 Accounts Receivable 5,820 Accounts Receivable a. Cash b. Cash 6,000 5,820 c....
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