Homework Answers
Journal entry
| No | General Journal | Debit | Credit |
| a | Merchandise inventory (4200*99%) | 4158 | |
| Account payable | 4158 | ||
| b | Merchandise inventory | 165 | |
| Cash | 165 | ||
| c | Account payable | 4158 | |
| Cash | 4158 | ||
Add Answer to:
Journalize the following transactions for Boston music store. Assume the "net" method is used. (Record debits...
E5C-5 (similar to) Journalize the following transactions for Burlington Art Gift Shop. Assume Burlington uses the...
E5C-5 (similar to) Journalize the following transactions for Burlington Art Gift Shop. Assume Burlington uses the gross method to record sales revenue. Explanations are not required. (Assume the company uses a perpetual invento (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from journal entries.) Feb. 3: Purchased $3,400 of merchandise inventory on account under terms 2/10, n/EOM and FOB shipping point. Date Accounts Debit Credit 0 More Info Feb. 3 3 Purchased $3,400 of...
Journalize the following transactions that occurred in November 2018 for Sam's Adventure Land​, assuming the perpetual...
Journalize the following transactions that occurred in November
2018 for Sam's Adventure Land​, assuming the perpetual inventory
system is being used. No explanations are needed. Identify each
accounts payable and accounts receivable with the vendor or
customer name.Sam's Adventure Land estimates sales returns at
the
Journalize the following transactions that occurred in November 2018 for Sam's Adventure Land, assuming the perpetual inventory system is being used. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor...
1 of 5 (0 complete) Journalize the following transactions for Roger's Computer, Inc., that occurred during...
1 of 5 (0 complete) Journalize the following transactions for Roger's Computer, Inc., that occurred during the month of March. Assume the "net" method is used credits. Exclude explanations from any journal entries.) (Click the icon to view the transactions.) Start by journalizing the purchase of merchandise on account Date Journal Entry Mar Accounts Debit Credit Mar 3 Purchased $4,300 of merchandise on account, terms 3/10, n/30, FOB shipping point. The supplier prepaid freight charges of $125 and added the...
Fill Out All White Blanks Below The following transactions occurred between Kinzer Furnishings and K and...
Fill Out All White Blanks Below The following transactions occurred between Kinzer Furnishings and K and Furniture Warehouse during July of the current year (Click the icon to view the transactions.) Read the requirements Requirement 2. Journalize these transactions on the books of K and B Furniture Warehouse, assuming the "net" method is used. (Record debits first, then credits. Exclude explanations from any journal entries.) Jul 4: Kinzer Furnishings purchased 57 300 of merchandise from K and B Furniture Warehouse...
P5C-6A (similar to) Question Help Journalize the following transactions that occurred in September 2018 for Sea...
P5C-6A (similar to) Question Help Journalize the following transactions that occurred in September 2018 for Sea Green. Assume Sea Green uses the gross method to record sales revenue. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or customer name. (Assume the company uses a perpetual inventory system.) (Click the icon to view the transactions.) A More Info (Record debits first, then credits. Exclude explanations from journal entries.) Sep. 3 Sep. 3: Purchased merchandise inventory...
Journalize the following transactions that occurred in November 2018 for Colden's Awesome Park, assuming the perpetual...
Journalize the following transactions that occurred in November 2018 for Colden's Awesome Park, assuming the perpetual inventory system is being used. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or customer name. Colden's Awesome Park estimates sales returns at the end of each month. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company records sales at the net amount.) (Click the icon to view the transactions.) Nov. 4 Purchased merchandise...
Fill Out All White Blanks Below The following transactions occurred between Kinzer Furnishings and K and...
Fill Out All White Blanks Below The following transactions occurred between Kinzer Furnishings and K and B Furniture Warehouse during July of the current year: (Click the icon to view the transactions.) Read the requirements Now journalize the inventory portion of the merchandise return Journal Entry Date Accounts Debit Credit More Info X - Jul 10 Jul 4 Kinzer Furnishings purchased $7,300 of merchandise from K and B Furniture Warehouse on account. Terms, 3/15 n/30, FOB shipping point. The goods...
PLEASE HELP Prepare journal entries to record the following merchandising transactions of Cabela's, which uses the...
PLEASE HELP
Prepare journal entries to record the following merchandising transactions of Cabela's, which uses the perpetual inventory system and the gross method. (Hint: It will help to identify each receivable and payable; for example, record the purchase on July 1 in Accounts Payable-Boden.) July 1 Purchased merchandise from Boden Company for $6,700 under credit terms of 2/15, n/30, FOB shipping point, invoice dated July 1. 2 Sold merchandise to Creek Co. for $1,000 under credit terms of 2/10, n/60,...
Journalize the following transactions for the buyer, Reed Company, using the gross method to account for...
Journalize the following transactions for the buyer, Reed Company, using the gross method to account for purchase discounts. Assume a perpetual inventory system. Purchased merchandise from Green Company on account, $5,000, terms 4/10, n/30. The goods are shipped FOB shipping point, freight prepaid by seller, $230. November 3 November 9 Returned to Green Company merchandise previously purchased on account, $200. Paid the amount due to Green Company. November 14 Date Account Title Debit Credit * (Choose one) Accounts Payable Accounts...
Fill Out All White Blanks Below The following transactions occurred between Tucker's Furnishings and P and...
Fill Out All White Blanks Below
The following transactions occurred between Tucker's Furnishings and P and M Furniture Warehouse during July of the current year: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize these transactions on the books of Tucker's Furnishings, assuming the "net" method is used. (Record debits first, then credits. Exclude explanations from any journal entries.) Jul 4: Tucker's Furnishings purchased $8,000 of merchandise from P and M Furniture Warehouse on account. Terms,...
E5C-5 (similar to) Journalize the following transactions for Burlington Art Gift Shop. Assume Burlington uses the gross method to record sales revenue. Explanations are not required. (Assume the company uses a perpetual invento (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from journal entries.) Feb. 3: Purchased $3,400 of merchandise inventory on account under terms 2/10, n/EOM and FOB shipping point. Date Accounts Debit Credit 0 More Info Feb. 3 3 Purchased $3,400 of...
Journalize the following transactions that occurred in November
2018 for Sam's Adventure Land​, assuming the perpetual inventory
system is being used. No explanations are needed. Identify each
accounts payable and accounts receivable with the vendor or
customer name.Sam's Adventure Land estimates sales returns at
the
Journalize the following transactions that occurred in November 2018 for Sam's Adventure Land, assuming the perpetual inventory system is being used. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor...
1 of 5 (0 complete) Journalize the following transactions for Roger's Computer, Inc., that occurred during the month of March. Assume the "net" method is used credits. Exclude explanations from any journal entries.) (Click the icon to view the transactions.) Start by journalizing the purchase of merchandise on account Date Journal Entry Mar Accounts Debit Credit Mar 3 Purchased $4,300 of merchandise on account, terms 3/10, n/30, FOB shipping point. The supplier prepaid freight charges of $125 and added the...
Fill Out All White Blanks Below The following transactions occurred between Kinzer Furnishings and K and Furniture Warehouse during July of the current year (Click the icon to view the transactions.) Read the requirements Requirement 2. Journalize these transactions on the books of K and B Furniture Warehouse, assuming the "net" method is used. (Record debits first, then credits. Exclude explanations from any journal entries.) Jul 4: Kinzer Furnishings purchased 57 300 of merchandise from K and B Furniture Warehouse...
P5C-6A (similar to) Question Help Journalize the following transactions that occurred in September 2018 for Sea Green. Assume Sea Green uses the gross method to record sales revenue. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or customer name. (Assume the company uses a perpetual inventory system.) (Click the icon to view the transactions.) A More Info (Record debits first, then credits. Exclude explanations from journal entries.) Sep. 3 Sep. 3: Purchased merchandise inventory...
Journalize the following transactions that occurred in November 2018 for Colden's Awesome Park, assuming the perpetual inventory system is being used. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or customer name. Colden's Awesome Park estimates sales returns at the end of each month. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company records sales at the net amount.) (Click the icon to view the transactions.) Nov. 4 Purchased merchandise...
Fill Out All White Blanks Below The following transactions occurred between Kinzer Furnishings and K and B Furniture Warehouse during July of the current year: (Click the icon to view the transactions.) Read the requirements Now journalize the inventory portion of the merchandise return Journal Entry Date Accounts Debit Credit More Info X - Jul 10 Jul 4 Kinzer Furnishings purchased $7,300 of merchandise from K and B Furniture Warehouse on account. Terms, 3/15 n/30, FOB shipping point. The goods...
PLEASE HELP
Prepare journal entries to record the following merchandising transactions of Cabela's, which uses the perpetual inventory system and the gross method. (Hint: It will help to identify each receivable and payable; for example, record the purchase on July 1 in Accounts Payable-Boden.) July 1 Purchased merchandise from Boden Company for $6,700 under credit terms of 2/15, n/30, FOB shipping point, invoice dated July 1. 2 Sold merchandise to Creek Co. for $1,000 under credit terms of 2/10, n/60,...
Journalize the following transactions for the buyer, Reed Company, using the gross method to account for purchase discounts. Assume a perpetual inventory system. Purchased merchandise from Green Company on account, $5,000, terms 4/10, n/30. The goods are shipped FOB shipping point, freight prepaid by seller, $230. November 3 November 9 Returned to Green Company merchandise previously purchased on account, $200. Paid the amount due to Green Company. November 14 Date Account Title Debit Credit * (Choose one) Accounts Payable Accounts...
Fill Out All White Blanks Below
The following transactions occurred between Tucker's Furnishings and P and M Furniture Warehouse during July of the current year: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize these transactions on the books of Tucker's Furnishings, assuming the "net" method is used. (Record debits first, then credits. Exclude explanations from any journal entries.) Jul 4: Tucker's Furnishings purchased $8,000 of merchandise from P and M Furniture Warehouse on account. Terms,...
Most questions answered within 3 hours.
-
Which is a method of transmitting pathogens from one host to
another by carrying microorganisms inside...
asked 1 minute ago -
Ten young adults living in California rated the taste of a newly
developed sushi pizza topped...
asked 13 minutes ago -
In a titration experiment, 29.9 mL of 0.797 M HCOOH neutralizes
20.6 mL of Ba(OH)2. What...
asked 9 minutes ago -
A
roller coaster cart of mass 312 kg travels around a horizontal
curve of radius 41.3...
asked 23 minutes ago -
M1=7/Hr ==> M2=6/Hr ==> M3=9/Hr ==> M4=8/Hr ==>
Demand = 10/Hr
The diagram shows the hourly...
asked 9 minutes ago -
(Cash Flow Statement) Consider the following potential events
that might have taken place at Global Conglomerate...
asked 15 minutes ago -
What kinds of transitions form the basis for AA and AE?
Can the detector differentiate wavelengths...
asked 22 minutes ago -
Twenty percent of all telephones of a certain type are submitted
for service while under warranty....
asked 22 minutes ago -
If I have a function in python, say show(B), how would I code it
so that...
asked 24 minutes ago -
Size properly the power supply that you need to purchase if you
have the following equipment....
asked 25 minutes ago -
Is voter turnout in Texas a problem? If so how can this issue be
addressed to...
asked 31 minutes ago -
Assume we have these two classes. Note that they are in
separate packages. If the code...
asked 43 minutes ago