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PE 6-3A Sales transactions OBJ. 2 Journalize the following merchandise transactions: a. Sold merchandise on account,...
PE 6-3A Sales transactions OBJ. 2 Journalize the following merchandise transactions: a. Sold merchandise on account, $72,500 with terms 2/10, n/30. The cost of the merchandise sold was $43,500. b. Received payment less the discount. c. Issued a credit memo for returned merchandise that was sold for $2,300 terms n/30. The cost of the merchandise returned was $1,600.
I just need help on July 3, 7, 13, and 15. If you wouldn't mind. I...
I just need help on July 3, 7, 13, and 15. If you wouldn't mind.
I have found this answered already, but the responses were
incorrect.
Sales-Related and Purchase-Related Transactions Using Perpetual Inventory System The following were selected from among the transactions completed by Essex Company during July of the current year: July 3. Purchased merchandise on account from Hamling Co., list price $72,000, trade discount 15%, terms FOB shipping point, 2/10, n/30, with prepaid freight of $1,450 added to...
The blue words off to the right are the options that the drop down arrows provide....
The blue words off to the right are the options that the drop
down arrows provide. Thank you!
Sales Transactions Journalize the following merchandise transactions: a. Sold merchandise on account, $27,300 with terms 2/10, n/30. The cost of the merchandise sold was $16,380. Sale Accounts payable / Accounts Receivable / Cash / Cost of Merchandise Sold / Merchandise Inventory / Purchase Discounts Cost of Merchandse Sold / Purchases / Cash / Sales / Sales Discounts / Sales Returns and Allowances...
Can I get help in getting the debit and credit values for part b and c...
Can
I get help in getting the debit and credit values for part b and c
please. thank you
eBook Calculator Customer return and refund On December 28, 2013, Silverman Enterprises sold $19,500 of merchandise to Beasley Co. with terms 2/10, 1/30. The cost of the goods sold was $10,800. On December 31, 2013, Silverman prepared its adjusting entries, yearly financial statements, and dosing entries. On January 3, 204, Silverman Enterprises issued Beasley Co, a credit memo for returned merchandise....
PE 6-1A Gross profit During the current year, merchandise is sold for $315,800 cash and $1,225,000...
PE 6-1A Gross profit During the current year, merchandise is sold for $315,800 cash and $1,225,000 on account. The cost of the merchandise sold is $875,000. What is the amount of the gross profit? OBJ. 1 PE 6-1B Gross profit During the current year, merchandise is sold for $18,300 cash and $295,700 on account The cost of the merchandise sold is $188,000. What is the amount of the gross profit? OBJ. 1 Purchases transactions PE 6-2A 290 Halibut Company purchased...
Please help, I cannot figure out the correct Cash value for April 2nd, I keep entering...
Please help, I cannot figure out the correct Cash value for April 2nd, I keep entering 2,670 and it is supposedly wrong, problem shown below: DATE TRANSACTIONS 2019 April 2 Sold merchandise for cash, $2,670 plus sales tax. The cost of merchandise sold was $1,670. 3 The customer purchasing merchandise for cash on April 2 returned $335 of the merchandise; provided a cash refund to the customer. The cost of returned merchandise was $235. 4 Sold merchandise on credit to...
Test 2 Calculator Instructions The following were selected from among the transactions completed by Babcock Company...
Test 2 Calculator Instructions The following were selected from among the transactions completed by Babcock Company during November of the current year. Babcock uses the net method under a perpetual Inventory system. Nov. 3 4 5 6 8 Purchased merchandise on account from Moonlight Co., list price $89.000, trade discount 30%, terms FOB destination, 2/10, n/30 Sold merchandise for cash, S38,210. The cost of the goods sold was $20,810. Purchased merchandise on account from Papoose Creek Co., 551,550, terms FOB...
Graded Homework Assignment i Saved Incredible Sounds is a wholesale business that sells musical instruments. Transa...
Graded Homework Assignment i Saved Incredible Sounds is a wholesale business that sells musical instruments. Transactions involving sales and cash during April 2019 follow. The firm sells its merchandise for cash and on open account. During April, Incredible Sol following transactions: DATE TRANSACTIONS 2019 April 1 Sold merchandise for $4,500 to Alto Music Center issued Invoice 3912 with terms of 1/10, n/30. 3 Received a check for $1,980 from Music Supply Store in payment of Invoice 2718 of March 25...
4 Journalize the following transactions assuming the perpetual inventory system: Sold merchandise on account for $3,750...
4 Journalize the following transactions assuming the perpetual inventory system: Sold merchandise on account for $3,750 with terms n/30. The cost of the merchandise sold was $2,000. Issued credit memo for $1,050 for merchandise returned from sale on July 3. The cost of the merchandise returned was $610. Received check for the amount due for sale on July 3 less return on July 5. Sold merchandise for $7,000 plus 6% sales tax to cash customers. The cost of the merchandise...
The following selected transactions were completed during August between Summit Company and Beartooth Co. Both companies...
The following selected transactions were completed during August between Summit Company and Beartooth Co. Both companies use the net method under a perpetual inventory system. Aug. 1 Summit Company sold merchandise on account to Beartooth Co., $52,150, terms FOB destination, 2/15, n/eom. The cost of the goods sold was $25,940. 2 Summit Company paid freight of $1,235 for delivery of merchandise sold to Beartooth Co. on August 1. 5 Summit Company sold merchandise on account to Beartooth Co., $60,090, terms...
PE 6-3A Sales transactions OBJ. 2 Journalize the following merchandise transactions: a. Sold merchandise on account, $72,500 with terms 2/10, n/30. The cost of the merchandise sold was $43,500. b. Received payment less the discount. c. Issued a credit memo for returned merchandise that was sold for $2,300 terms n/30. The cost of the merchandise returned was $1,600.
I just need help on July 3, 7, 13, and 15. If you wouldn't mind.
I have found this answered already, but the responses were
incorrect.
Sales-Related and Purchase-Related Transactions Using Perpetual Inventory System The following were selected from among the transactions completed by Essex Company during July of the current year: July 3. Purchased merchandise on account from Hamling Co., list price $72,000, trade discount 15%, terms FOB shipping point, 2/10, n/30, with prepaid freight of $1,450 added to...
The blue words off to the right are the options that the drop
down arrows provide. Thank you!
Sales Transactions Journalize the following merchandise transactions: a. Sold merchandise on account, $27,300 with terms 2/10, n/30. The cost of the merchandise sold was $16,380. Sale Accounts payable / Accounts Receivable / Cash / Cost of Merchandise Sold / Merchandise Inventory / Purchase Discounts Cost of Merchandse Sold / Purchases / Cash / Sales / Sales Discounts / Sales Returns and Allowances...
Can
I get help in getting the debit and credit values for part b and c
please. thank you
eBook Calculator Customer return and refund On December 28, 2013, Silverman Enterprises sold $19,500 of merchandise to Beasley Co. with terms 2/10, 1/30. The cost of the goods sold was $10,800. On December 31, 2013, Silverman prepared its adjusting entries, yearly financial statements, and dosing entries. On January 3, 204, Silverman Enterprises issued Beasley Co, a credit memo for returned merchandise....
PE 6-1A Gross profit During the current year, merchandise is sold for $315,800 cash and $1,225,000 on account. The cost of the merchandise sold is $875,000. What is the amount of the gross profit? OBJ. 1 PE 6-1B Gross profit During the current year, merchandise is sold for $18,300 cash and $295,700 on account The cost of the merchandise sold is $188,000. What is the amount of the gross profit? OBJ. 1 Purchases transactions PE 6-2A 290 Halibut Company purchased...
Test 2 Calculator Instructions The following were selected from among the transactions completed by Babcock Company during November of the current year. Babcock uses the net method under a perpetual Inventory system. Nov. 3 4 5 6 8 Purchased merchandise on account from Moonlight Co., list price $89.000, trade discount 30%, terms FOB destination, 2/10, n/30 Sold merchandise for cash, S38,210. The cost of the goods sold was $20,810. Purchased merchandise on account from Papoose Creek Co., 551,550, terms FOB...
Graded Homework Assignment i Saved Incredible Sounds is a wholesale business that sells musical instruments. Transactions involving sales and cash during April 2019 follow. The firm sells its merchandise for cash and on open account. During April, Incredible Sol following transactions: DATE TRANSACTIONS 2019 April 1 Sold merchandise for $4,500 to Alto Music Center issued Invoice 3912 with terms of 1/10, n/30. 3 Received a check for $1,980 from Music Supply Store in payment of Invoice 2718 of March 25...
4 Journalize the following transactions assuming the perpetual inventory system: Sold merchandise on account for $3,750 with terms n/30. The cost of the merchandise sold was $2,000. Issued credit memo for $1,050 for merchandise returned from sale on July 3. The cost of the merchandise returned was $610. Received check for the amount due for sale on July 3 less return on July 5. Sold merchandise for $7,000 plus 6% sales tax to cash customers. The cost of the merchandise...
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