A) Total Purchage Price $ 1,200,000/-
Service charge $ 50,000/-
Equipment price $ 1,150,000/-
B) Journal Entries in the books of Talkington
01-06-2020 Henderson A/C dr 1,200,000/-
To Sales A/C 1,200,000/-
( Beeing goods sold on credit)
30-09-2020 Service charges A/C dr 50,000/-
To Cash A/C 50,000/-
(Beeing installation charges paid)
Bank A/C dr 1,200,000/-
To Henderson A/C 1,200,000/-
(Beeing amount collected)
Any help will be apprecaited 5 А B C с D E F 1 Talkington Company...
1.) Wyatt Company manufactures equipment. Wyatt's products range from simple automated machinery to complex systems containing numerous components. Unit selling prices range from $400,000 to $1,500,000 and are quoted inclusive of installation. The installation process does not involve changes to the features of the equipment and does not require proprietary information about the equipment in order for the installed equipment to perform to specifications. Wyatt has the following arrangement with Henderson Inc. • Henderson purchases equipment from Wyatt for a...
Sarasota Company manufactures equipment. Sarasota’s products range from simple automated machinery to complex systems containing numerous components. Unit selling prices range from $200,000 to $1,500,000 and are quoted inclusive of installation. The installation process does not involve changes to the features of the equipment and does not require proprietary information about the equipment in order for the installed equipment to perform to specifications. Sarasota has the following arrangement with Winkerbean Inc. ● Winkerbean purchases equipment from Sarasota for a price...
Exercise 18-14 (Part Level Submission)
Blossom Company manufactures equipment. Blossom’s products range
from simple automated machinery to complex systems containing
numerous components. Unit selling prices range from $200,000 to
$1,500,000 and are quoted inclusive of installation. The
installation process does not involve changes to the features of
the equipment and does not require proprietary information about
the equipment in order for the installed equipment to perform to
specifications. Blossom has the following arrangement with
Winkerbean Inc.
●
Winkerbean purchases equipment...
Tamarisk Company manufactures equipment. Tamarisk’s products range from simple automated machinery to complex systems containing numerous components. Unit selling prices range from $200,000 to $1,500,000 and are quoted inclusive of installation. The installation process does not involve changes to the features of the equipment and does not require proprietary information about the equipment in order for the installed equipment to perform to specifications. Tamarisk has the following arrangement with Winkerbean Inc. ● Winkerbean purchases equipment from Tamarisk for a price...
2. Periwinkle Company manufactures equipment. Periwinkle's products range from simple automated machinery to complex systems containing numerous components. Unit selling prices range from $ 140,000 to $ 1,200,000 and are quoted inclusive of installation. The installation process does NOT involve changes to the features of the equipment to perform specifications. Periwinkle has the following relationship with Rose Inc. Rose can purchase equipment from Periwinkle for a price of $ 200,000 and contracts with Periwinkle to install the equipment. Using market...
Exercise 18-14 (Part Level Submission) Ivanhoe Company manufactures equipment. Ivanhoe's products range from simple automated machinery to complex systems containing numerous components. Unit selling prices range from $200,000 to $1,500,000 and are quoted inclusive of installation. The installation process does not involve changes to the features of the equipment and does not require proprietary information about the equipment in order for the installed equipment to perform to specifications. Ivanhoe has the following arrangement with Winkerbean Inc Winkerbean purchases equipment from...
Exercise 18-14 (Part Level Submission)
Crane Company manufactures equipment. Crane’s products range
from simple automated machinery to complex systems containing
numerous components. Unit selling prices range from $200,000 to
$1,500,000 and are quoted inclusive of installation. The
installation process does not involve changes to the features of
the equipment and does not require proprietary information about
the equipment in order for the installed equipment to perform to
specifications. Crane has the following arrangement with Winkerbean
Inc.
●
Winkerbean purchases equipment...
Metlock Company manufactures equipment. Metlock’s products
range from simple automated machinery to complex systems containing
numerous components. Unit selling prices range from $200,000 to
$1,500,000 and are quoted inclusive of installation. The
installation process does not involve changes to the features of
the equipment and does not require proprietary information about
the equipment in order for the installed equipment to perform to
specifications. Metlock has the following arrangement with
Winkerbean Inc.
●
Winkerbean purchases equipment from Metlock for a price...
Wildhorse Company manufactures equipment. Wildhorse's products range from simple automated machinery to complex systems containing numerous components. Unit selling prices range from $210,000 to $1,500,000, and are quoted inclusive of installation. The installation process does not involve changes to the features of the equipment to perform to specifications. Wildhorse has the following arrangement with Winkerbean Inc. • Winkerbean purchases equipment from Wildhorse on May 2, 2020, for a price of $1,134,000 and contracts with Wildhorse to install the equipment Wildhorse...
Oriole Company manufactures equipment. Oriole’s products range
from simple automated machinery to complex systems containing
numerous components. Unit selling prices range from $200,000 to
$1,500,000 and are quoted inclusive of installation. The
installation process does not involve changes to the features of
the equipment and does not require proprietary information about
the equipment in order for the installed equipment to perform to
specifications. Oriole has the following arrangement with
Winkerbean Inc.
●
Winkerbean purchases equipment from Oriole for a price...