Homework Answers
Final answer - Total amount owed by supplier
$7,000
explanation below
Year 1
Purchase - $14,000
(-) purchase return - $4,000
Net purchase - $10000
Material consumed - $8,000
Material in hand —. $2,000
Supplier owed from merie- $10,000,
Merie had maid payment 80% of due amount i.e. $8,000. And remaining $2,000 still outstanding at the year 1 end.
Year 2
Cash purchase - $5,000
Additional purchase - $8,000
Total purchase. - $13,000
Material available for consumed (year 2) -$13,000
Material brought forward from year 1. - $2,000
Total material available. $15000
Material consumed $12,500
Material in hand. $2,500
Supplier owed from merie for year 1. $2,000
Owed for year 2. (13000-8000). $5,000
Total amount owed by supplier Year 2 $7,000
Add Answer to:
21
all
the information needed is in the first 2 photos
This fact pattern provides information...
17 This fact pattern provides information needed to answer Q#17-Q#21. Year 1 Transactions: On May 31,...
17
This fact pattern provides information needed to answer Q#17-Q#21. Year 1 Transactions: On May 31, Year 1, Merle bought $14,000 of supplies on account on the day the firm was founded. This was the only purchase of supplies in Year 1. Later in Year 1, the firm returned defective supplies valued at $4,000 to the supplier. The cost of the supplies returned was deducted from Merle's account payable. At the end of Year 1, Merle's employees conducted a physical...
20 This fact pattern provides information needed to answer Q#17-Q#21. Year 1 Transactions: On May 31,...
20
This fact pattern provides information needed to answer Q#17-Q#21. Year 1 Transactions: On May 31, Year 1, Merle bought $14,000 of supplies on account on the day the firm was founded. This was the only purchase of supplies in Year 1. Later in Year 1, the firm returned defective supplies valued at $4,000 to the supplier. The cost of the supplies returned was deducted from Merle's account payable. At the end of Year 1, Merle's employees conducted a physical...
19 This fact pattern provides information needed to answer Q#17-Q#21. Year 1 Transactions: On May 31,...
19
This fact pattern provides information needed to answer Q#17-Q#21. Year 1 Transactions: On May 31, Year 1, Merle bought $14,000 of supplies on account on the day the firm was founded. This was the only purchase of supplies in Year 1. Later in Year 1, the firm returned defective supplies valued at $4,000 to the supplier. The cost of the supplies returned was deducted from Merle's account payable. At the end of Year 1, Merle's employees conducted a physical...
18 This fact pattern provides information needed to answer Q#17-Q#21. Year 1 Transactions: On May 31,...
18
This fact pattern provides information needed to answer Q#17-Q#21. Year 1 Transactions: On May 31, Year 1, Merle bought $14,000 of supplies on account on the day the firm was founded. This was the only purchase of supplies in Year 1. Later in Year 1, the firm returned defective supplies valued at $4,000 to the supplier. The cost of the supplies returned was deducted from Merle's account payable. At the end of Year 1, Merle's employees conducted a physical...
QUESTION This fact pattern provides information only for Q#22. Jackson was founded on September 1, Year...
QUESTION This fact pattern provides information only for Q#22. Jackson was founded on September 1, Year 1. On that same date, Jackson bought supplies for $9,000 cash. Later in Year 1, Jackson bought $10,000 supplies on account. The firm's untrained bookkeepers recorded both transactions as debits (increases) in Supplies Expense when purchased. At December 31, Year 1, all of Jackson's employees failed to consider the $2,800 of Supplies on hand. You have discovered any mistakes that may have been made...
Only Q#25 is related to this fact pattern. In Year 3, Merle Company (the firm) paid...
Only Q#25 is related to this fact pattern. In Year 3, Merle Company (the firm) paid $67 to the vendors who sell and deliver supplies to Merle. The firm's fiscal year ends on December 31. Assume all Accounts Payable are related to supplies purchased. Dec. 31, Year 2 Dec. 31, Year 3 Sunnline Click Save and Submit to save and submit. Click Save All Answers to serve all answers w % 5 & 7 4 6 8 9 E R...
34 QUESTION 32 This fact pattern provides information needed for Q#32-Q#34. On Mar. 1, Year 4....
34
QUESTION 32 This fact pattern provides information needed for Q#32-Q#34. On Mar. 1, Year 4. Wizard rented out some office space to another firm for one year starting on that date. The monthly rent on this space is $700 and the tenant was required to pay Wizard for all 12 months on the move-in date, Mar. 1, Year 4. The Wizard received the correct amount and Wizard's bookkeeping staff treated the entire amount received as Rent Revenue on Mar....
32 QUESTION 32 This fact pattern provides information needed for Q#32-Q#34. On Mar. 1, Year 4....
32
QUESTION 32 This fact pattern provides information needed for Q#32-Q#34. On Mar. 1, Year 4. Wizard rented out some office space to another firm for one year starting on that date. The monthly rent on this space is $700 and the tenant was required to pay Wizard for all 12 months on the move-in date, Mar. 1, Year 4. The Wizard received the correct amount and Wizard's bookkeeping staff treated the entire amount received as Rent Revenue on Mar....
33 QUESTION 32 This fact pattern provides information needed for Q#32-Q#34. On Mar. 1, Year 4....
33
QUESTION 32 This fact pattern provides information needed for Q#32-Q#34. On Mar. 1, Year 4. Wizard rented out some office space to another firm for one year starting on that date. The monthly rent on this space is $700 and the tenant was required to pay Wizard for all 12 months on the move-in date, Mar. 1, Year 4. The Wizard received the correct amount and Wizard's bookkeeping staff treated the entire amount received as Rent Revenue on Mar....
26 This fact pattern provides information for Q#26 and Q#27. Consulting Revenues in Year 2 were...
26
This fact pattern provides information for Q#26 and Q#27. Consulting Revenues in Year 2 were $162. Consulting Accounts Receivable at Dec. 31 in Years 1, 2 and 3, respectively were: $33, $29 and $34, respectively. Cash collected from clients in Year 3 was $142. Enter positive values without signs, without '' signs and without commas. Click Save and Submit to save and submit. Click Save All Answers to save all answers 2 20 Fid # $ 4 % 5...
17
This fact pattern provides information needed to answer Q#17-Q#21. Year 1 Transactions: On May 31, Year 1, Merle bought $14,000 of supplies on account on the day the firm was founded. This was the only purchase of supplies in Year 1. Later in Year 1, the firm returned defective supplies valued at $4,000 to the supplier. The cost of the supplies returned was deducted from Merle's account payable. At the end of Year 1, Merle's employees conducted a physical...
20
This fact pattern provides information needed to answer Q#17-Q#21. Year 1 Transactions: On May 31, Year 1, Merle bought $14,000 of supplies on account on the day the firm was founded. This was the only purchase of supplies in Year 1. Later in Year 1, the firm returned defective supplies valued at $4,000 to the supplier. The cost of the supplies returned was deducted from Merle's account payable. At the end of Year 1, Merle's employees conducted a physical...
19
This fact pattern provides information needed to answer Q#17-Q#21. Year 1 Transactions: On May 31, Year 1, Merle bought $14,000 of supplies on account on the day the firm was founded. This was the only purchase of supplies in Year 1. Later in Year 1, the firm returned defective supplies valued at $4,000 to the supplier. The cost of the supplies returned was deducted from Merle's account payable. At the end of Year 1, Merle's employees conducted a physical...
18
This fact pattern provides information needed to answer Q#17-Q#21. Year 1 Transactions: On May 31, Year 1, Merle bought $14,000 of supplies on account on the day the firm was founded. This was the only purchase of supplies in Year 1. Later in Year 1, the firm returned defective supplies valued at $4,000 to the supplier. The cost of the supplies returned was deducted from Merle's account payable. At the end of Year 1, Merle's employees conducted a physical...
QUESTION This fact pattern provides information only for Q#22. Jackson was founded on September 1, Year 1. On that same date, Jackson bought supplies for $9,000 cash. Later in Year 1, Jackson bought $10,000 supplies on account. The firm's untrained bookkeepers recorded both transactions as debits (increases) in Supplies Expense when purchased. At December 31, Year 1, all of Jackson's employees failed to consider the $2,800 of Supplies on hand. You have discovered any mistakes that may have been made...
Only Q#25 is related to this fact pattern. In Year 3, Merle Company (the firm) paid $67 to the vendors who sell and deliver supplies to Merle. The firm's fiscal year ends on December 31. Assume all Accounts Payable are related to supplies purchased. Dec. 31, Year 2 Dec. 31, Year 3 Sunnline Click Save and Submit to save and submit. Click Save All Answers to serve all answers w % 5 & 7 4 6 8 9 E R...
34
QUESTION 32 This fact pattern provides information needed for Q#32-Q#34. On Mar. 1, Year 4. Wizard rented out some office space to another firm for one year starting on that date. The monthly rent on this space is $700 and the tenant was required to pay Wizard for all 12 months on the move-in date, Mar. 1, Year 4. The Wizard received the correct amount and Wizard's bookkeeping staff treated the entire amount received as Rent Revenue on Mar....
32
QUESTION 32 This fact pattern provides information needed for Q#32-Q#34. On Mar. 1, Year 4. Wizard rented out some office space to another firm for one year starting on that date. The monthly rent on this space is $700 and the tenant was required to pay Wizard for all 12 months on the move-in date, Mar. 1, Year 4. The Wizard received the correct amount and Wizard's bookkeeping staff treated the entire amount received as Rent Revenue on Mar....
33
QUESTION 32 This fact pattern provides information needed for Q#32-Q#34. On Mar. 1, Year 4. Wizard rented out some office space to another firm for one year starting on that date. The monthly rent on this space is $700 and the tenant was required to pay Wizard for all 12 months on the move-in date, Mar. 1, Year 4. The Wizard received the correct amount and Wizard's bookkeeping staff treated the entire amount received as Rent Revenue on Mar....
26
This fact pattern provides information for Q#26 and Q#27. Consulting Revenues in Year 2 were $162. Consulting Accounts Receivable at Dec. 31 in Years 1, 2 and 3, respectively were: $33, $29 and $34, respectively. Cash collected from clients in Year 3 was $142. Enter positive values without signs, without '' signs and without commas. Click Save and Submit to save and submit. Click Save All Answers to save all answers 2 20 Fid # $ 4 % 5...
Most questions answered within 3 hours.
-
What is the height of the tsunami in a water depth of 10 m
assuming the...
asked 9 minutes ago -
A χ2 goodness-of-fit test was used to test the hypothesis that
students at a local university...
asked 12 minutes ago -
Problem 1
You have a loan outstanding. It requires making three annual
payments at the end...
asked 14 minutes ago -
A database imposes several requirements on the structure of
tables. Which of the following is not...
asked 13 minutes ago -
A
fragment of DNA is amplified from a single molecule of template DNA
for 22 cycles....
asked 24 minutes ago -
Smartphones: A poll agency reports that 32% of teenagers aged
12-17 own smartphones. A random sample...
asked 32 minutes ago -
blood glucose level for obese patient population have
a mean of 100 with a standard deviation...
asked 1 hour ago -
(a) A lightbulb has a resistance of 165 Ω when operating with a
potential difference of...
asked 42 minutes ago -
Questions
Submission Question 2: Stacks
Problem
Write a program that keeps track of where cars are...
asked 41 minutes ago -
Using α = 0.05, test if the mean weight change
is less than 0 if a...
asked 1 hour ago -
JAVA
Lab -Lottery Calculator
IMPORTANT: This lab is best implemented using a loop structure.
If you...
asked 47 minutes ago -
A diver springs upward with an initial speed of 2.1 m/s from a
3.5-m board.
(a)...
asked 55 minutes ago