I need help interpreting the following word problem. It is because I need to make the...
I need help interpreting the following word problem. It is because I need to make the correct adjusting journal entry in a general journal.
At 12/31/17, Peyton has $200 worth of merchandise on consignment at Bruno’s House of Bacon.
Homework Answers
$200 value of merchandise is in stock of Bruno's House of Bacon which is left overor say unsold inventory of the total merchandise which was sent on consignment to Bruno's.
It will be adjusted by this journal entry:-
| Consignment stock a/c | Dr. | xxxx | |
|
To Consignment a/c |
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Using the terms and asset accounts, such as "Merchandise
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What should be the proper explanation to describe what is being
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Using the terms and asset accounts, such as "Merchandise
inventory" and "Consignment inventory", can anybody help me
determine how to interpret the above word problem in order to make
a correct adjusting journal entry below in the general journal?
What should be the proper explanation to describe what is being
highlighted in the word problem below?
1. At 12/31/17, Peyton has $200 worth of merchandise
on consignment at Bruno’s House of Bacon....
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financial accountant at Peyton Approved. In this role, your first
task is to prepare the company’s financials for the year-end audit.
Additionally, the company is interested in expanding its business
within the next year. They would like your support in assessing
their ability to meet their goals.
Refer to the data below and use the Final Project Workbook that
includes the income statement, balance sheet, retained earnings
statement and cash flow statement...
I need help calculating the net of allowance and the
discount for number 7. I also need help calculating the net of
discount and the returned merchandise for number 4 please.
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updated all the other revised financial statements using the
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using all the quantitative information from all the revised
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