Homework Answers
Solution:
b. is debited and cash or accounts payable is credited.
Explantion:
Inventory is purchased so Inventory is debited and cash or accounts payable is credited if it is on account.
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please help
Under the perpetual inventory method, when inventory is purchased, Merchandise Inventory Oa. and Accounts...
A company using the perpetual inventory system purchased inventory worth $500.000 on account with crede terms...
A company using the perpetual inventory system purchased inventory worth $500.000 on account with crede terms of 3/16, 1/40. Defective inventory of 570.000 was returned 3 days later, and the accounts were appropriately adjusted if the company paid the invoice 30 days later, the journal entry to record the payment would be O A 5430.000 debit to Accounts Payable and 5430,000 credit to Cash O . 5500.000 debit to Accounts Payable and $500,000 credit to Cash OC. 3500,000 debit to...
Acompany that uses the perpetual inventory system purchased inventory for $1.050.000 on account with terms of...
Acompany that uses the perpetual inventory system purchased inventory for $1.050.000 on account with terms of 3/7 20. Which of the following correctly records the payment made 15 days after the date of VOICO? 1,050,000 1,050,000 1,050,000 O A. Cash Accounts Payable OB Accounts Payable Merchandise Inventory Cash OC. Accounts Payable Cash OD. Accounts Payable Merchandise Inventory 31.500 1,018.500 1,050,000 1,050.000 1.050.000 1,050,000
a company that uses the perpetual inventory system purchased A company that uses the perpetual inventory system pur...
a company that uses the perpetual inventory system
purchased
A company that uses the perpetual inventory system purchased inventory for $1,000,000 on account with forms of 7. 120 Which of the following correctly records the payment made 15 days ahore date of invoice? 1,050,000 1,050,000 1,050,000 O A Cash Accounts Payable OB. Accounts Payable Merchandise Inventory Cash O c. Accounts Payable 31.500 1,018.500 1,050,000 Cash 1,050,000 1,050,000 OD. Accounts Payable Merchandise Inventory 1,050.000
The journal entry for the purchase of inventory on account using the perpetual inventory system is...
The journal entry for the purchase of inventory on account using the perpetual inventory system is Debit Credit Date Accounts and Explanation OA Merchandise Iinventory OB. |Accounts Payable O C. Merchandise Inventory OD. Merchandise Inventory ocx Cash XoxcX Merchandise Inventory 1ml Accounts Payable Accounts Receivable Click to select your answer 445
Acomparty the perpetual inventory s company and the voice 20 days latere om purchased Inventory worth...
Acomparty the perpetual inventory s company and the voice 20 days latere om purchased Inventory worth $500.000 malty to record the payment would be count with credit forms of I, 14. Defective invertory of 570.000 was returned 3 days later, and the accounts were appropriately adjusted. If the OA 1442.000 debt to counts Payable, $12.900 credit to Merchandie try, and 30.000 cash OB. $500,000 de locuri Paybi 467,100 credit to Cash, and $12,00 Merchandise Inventory O c. $500,000 to Accounts...
In a perpetual inventory system, the credit columns of a typical cash payments journal are O...
In a perpetual inventory system, the credit columns of a typical cash payments journal are O A. Merchandise Inventory column and Accounts Payable column OB. Other Accounts column and Accounts Payable column OC. Merchandise Inventory column and Cash column OD. Other Accounts column and Cash column
A cash purchase of of merchandise is recorded with the following entry: OA) debit Inventory; credit...
A cash purchase of of merchandise is recorded with the following entry: OA) debit Inventory; credit Sales OB) debit Cash; credit Inventory OC) debit Inventory; credit Cash OD) debit Cost of Goods Sold; credit Cash
A company purchased inventory for 372,000 from a vendoron ont Fon shipping point with vendor nine...
A company purchased inventory for 372,000 from a vendoron ont Fon shipping point with vendor nine days after the invoice date. If there was no beginning inventory, the cost of inventory The company paid the whipper 31.500 cash for fight in the company de uma p alinvertorys ) OA $70,020 OB. 573.500 Oc567 OD 75000Cost of A merchandiser uses a perpetual inventory system. The beginning Retained Earings balance of the merchandiser was 3140.000. During the year, S e vere amounted...
please help Under the direct write-off method, when an account receivable is written off in one...
please help
Under the direct write-off method, when an account receivable is written off in one accounting period and is collected in the following accounting period, which of the following would be included in the journal entry? Oa. debit Accounts Receivable Ob. credit Bad Debt Expense Occredit Cash Od credit Accounts Receivable
16-20 Weston Jewellers uses the perpetual inventory system. On April 2. Weston sold merchandise with a...
16-20
Weston Jewellers uses the perpetual inventory system. On April 2. Weston sold merchandise with a cost of 407 314,152 for delivery of the merchandise. Calculate the amount of net sales revenue Round any intermediary G ions and your fa 4/15.30 Westonad 150 custom count with the t hers ) O A 514.902 OR $8,487 OC. 514.258 OD. $14,652 ance is $35.000. Which of the following ould be included in the . The Merchandise inventory account balance is $80,000. A...
A company using the perpetual inventory system purchased inventory worth $500.000 on account with crede terms of 3/16, 1/40. Defective inventory of 570.000 was returned 3 days later, and the accounts were appropriately adjusted if the company paid the invoice 30 days later, the journal entry to record the payment would be O A 5430.000 debit to Accounts Payable and 5430,000 credit to Cash O . 5500.000 debit to Accounts Payable and $500,000 credit to Cash OC. 3500,000 debit to...
Acompany that uses the perpetual inventory system purchased inventory for $1.050.000 on account with terms of 3/7 20. Which of the following correctly records the payment made 15 days after the date of VOICO? 1,050,000 1,050,000 1,050,000 O A. Cash Accounts Payable OB Accounts Payable Merchandise Inventory Cash OC. Accounts Payable Cash OD. Accounts Payable Merchandise Inventory 31.500 1,018.500 1,050,000 1,050.000 1.050.000 1,050,000
a company that uses the perpetual inventory system
purchased
A company that uses the perpetual inventory system purchased inventory for $1,000,000 on account with forms of 7. 120 Which of the following correctly records the payment made 15 days ahore date of invoice? 1,050,000 1,050,000 1,050,000 O A Cash Accounts Payable OB. Accounts Payable Merchandise Inventory Cash O c. Accounts Payable 31.500 1,018.500 1,050,000 Cash 1,050,000 1,050,000 OD. Accounts Payable Merchandise Inventory 1,050.000
The journal entry for the purchase of inventory on account using the perpetual inventory system is Debit Credit Date Accounts and Explanation OA Merchandise Iinventory OB. |Accounts Payable O C. Merchandise Inventory OD. Merchandise Inventory ocx Cash XoxcX Merchandise Inventory 1ml Accounts Payable Accounts Receivable Click to select your answer 445
Acomparty the perpetual inventory s company and the voice 20 days latere om purchased Inventory worth $500.000 malty to record the payment would be count with credit forms of I, 14. Defective invertory of 570.000 was returned 3 days later, and the accounts were appropriately adjusted. If the OA 1442.000 debt to counts Payable, $12.900 credit to Merchandie try, and 30.000 cash OB. $500,000 de locuri Paybi 467,100 credit to Cash, and $12,00 Merchandise Inventory O c. $500,000 to Accounts...
In a perpetual inventory system, the credit columns of a typical cash payments journal are O A. Merchandise Inventory column and Accounts Payable column OB. Other Accounts column and Accounts Payable column OC. Merchandise Inventory column and Cash column OD. Other Accounts column and Cash column
A cash purchase of of merchandise is recorded with the following entry: OA) debit Inventory; credit Sales OB) debit Cash; credit Inventory OC) debit Inventory; credit Cash OD) debit Cost of Goods Sold; credit Cash
A company purchased inventory for 372,000 from a vendoron ont Fon shipping point with vendor nine days after the invoice date. If there was no beginning inventory, the cost of inventory The company paid the whipper 31.500 cash for fight in the company de uma p alinvertorys ) OA $70,020 OB. 573.500 Oc567 OD 75000Cost of A merchandiser uses a perpetual inventory system. The beginning Retained Earings balance of the merchandiser was 3140.000. During the year, S e vere amounted...
please help
Under the direct write-off method, when an account receivable is written off in one accounting period and is collected in the following accounting period, which of the following would be included in the journal entry? Oa. debit Accounts Receivable Ob. credit Bad Debt Expense Occredit Cash Od credit Accounts Receivable
16-20
Weston Jewellers uses the perpetual inventory system. On April 2. Weston sold merchandise with a cost of 407 314,152 for delivery of the merchandise. Calculate the amount of net sales revenue Round any intermediary G ions and your fa 4/15.30 Westonad 150 custom count with the t hers ) O A 514.902 OR $8,487 OC. 514.258 OD. $14,652 ance is $35.000. Which of the following ould be included in the . The Merchandise inventory account balance is $80,000. A...
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