Homework Answers
Journal entries
| No | Date | Account title and explanation | debit | credit |
| 1 | Apr 5 | Merchandise inventory | 22000 | |
| Account payable | 22000 | |||
| 2 | Apr 6 | Merchandise inventory | 900 | |
| Cash | 900 | |||
| 3 | Apr 7 | Equipment | 26000 | |
| Account payable | 26000 | |||
| 4 | Apr 8 | Account payable | 2000 | |
| Merchandise inventory | 2000 | |||
| 5 | Apr 15 | Account payable | 20000 | |
| Cash (20000*.98) | 19600 | |||
| Merchandise inventory | 400 | |||
b) Journal entries
| No | Date | Account and explanation | Debit | credit |
| 1 | May 4 | Account payable | 20000 | |
| Cash | 20000 | |||
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parts one and two
Exercise 216 This information relates to Sherper Co. On April 5 purchased...
This information relates to Metlock Co. 1. 2. 3. 4. 5. On April 5, purchased merchandise...
This information relates to Metlock Co. 1. 2. 3. 4. 5. On April 5, purchased merchandise from Ivanhoe Company for $26,200, terms 3/10, n/30. On April 6, paid freight costs of $540 on merchandise purchased from Ivanhoe. On April 7, purchased equipment on account for $30,500. On April 8, returned $3,900 of April 5 merchandise to Ivanhoe Company. On April 15, paid the amount due to Ivanhoe Company in full. (a) Prepare the journal entries to record the transactions listed...
This information relates to Larkspur Co On April 5, purchased merchandise from Crane Company for $28,000,...
This information relates to Larkspur Co On April 5, purchased merchandise from Crane Company for $28,000, terms 4/10, n/30. 2. On April 6, paid freight costs of $600 on merchandise purchased from Crane. 3 On April 7, purchased equipment on account for $31,700. 4 On April 8, returned $5,100 of April 5 merchandise to Crane Company 5 On April 15, paid the amount due to Crane Company in full 1 (a) Prepare the journal entries to record the transactions listed...
This information relates to Splish Brothers Co. 1. On April 5, purchased merchandise from Sunland Company...
This information relates to Splish Brothers Co. 1. On April 5, purchased merchandise from Sunland Company for $28,200, terms 4/10, n/30. 2. On April 6, paid freight costs of $710 on merchandise purchased from Sunland. 3. On April 7, purchased equipment on account for $32,100. 4. On April 8, returned $4,800 of April 5 merchandise to Sunland Company. 5. On April 15, paid the amount due to Sunland Company in full. (a) Prepare the journal entries to record the transactions...
Question 1 View Policies Current Attempt in Progress This information relates to Skysong Co. 1. On...
Question 1 View Policies Current Attempt in Progress This information relates to Skysong Co. 1. On April 5, purchased merchandise from Sheridan Company for $27,600, terms 3/10,n/30. 2. On April 6, paid freight costs of $770 on merchandise purchased from Sheridan. 3. On April 7, purchased equipment on account for $34,300. 4. On April 8, returned $5,300 of April 5 merchandise to Sheridan Company. 5. On April 15, paid the amount due to Sheridan Company in full. (a) Prepare the...
Thank you. thumbs up! Exercise 5-02 a-b Information related to Harwick Co. is presented below. 1....
Thank you. thumbs up!
Exercise 5-02 a-b Information related to Harwick Co. is presented below. 1. On April 5, purchased merchandise on account from Botham Company for $23,000, terms 2/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $900 on merchandise purchased from Botham. 3. On April 7, purchased equipment on account for $26,000. 4. On April 8, returned damaged merchandise to Botham Company and was granted a $3,000 credit for returned merchandise. 5. On April...
This information relates to Windsor Co. 1. On April 5, purchased merchandise from Wildhorse Company for...
This information relates to Windsor Co. 1. On April 5, purchased merchandise from Wildhorse Company for $26,000, on account terms 2/10, 30 2. On April 6, paid freight costs of $2,000 on merchandise purchased from Wildhorse Company 3. On April 7. purchased equipment on account for $37,000. 4. On April , returned $5,000 of the April 5 merchandise to Wildhorse Company 5. On April 15, paid the amount due to Wildhorse Company in full. Your answer is partially correct. Prepare...
CALCULATOR PRINTER VERSION BACK NEXT This information relates to Teal Mountain Co. 1. 2. 3. 4....
CALCULATOR PRINTER VERSION BACK NEXT This information relates to Teal Mountain Co. 1. 2. 3. 4. 5. On April 5, purchased merchandise from Sandhill Company for $25,100, terms 2/10, 1/30. On April 6, paid freight costs of $640 on merchandise purchased from Sandhill. On April 7, purchased equipment on account for $32,900. On April 8, returned $4,800 of April 5 merchandise to Sandhill Company. On April 15, paid the amount due to Sandhill Company in full. (a) Prepare the journal...
This information relates to Kingbird Co. 1. On April 5, purchased merchandise from Blossom Company for...
This information relates to Kingbird Co. 1. On April 5, purchased merchandise from Blossom Company for $26,200, terms 3/10, 1/30 2. On April 6, paid freight costs of $570 on merchandise purchased from Blossom 3. On April 7. purchased equipment on count for $34,500 4. On April 8, returned $3,900 of April merchandise to Blossom Company 5. On April 15. paid the amount due to Blossom Company inful. entry required select " Enby for the account and enter for the...
1 On April 5,purchased merchandlse from Sunland Company for $26,400, terms 4/10, n/30 2 On April...
1 On April 5,purchased merchandlse from Sunland Company for $26,400, terms 4/10, n/30 2 On April 6, pald freight costs of $590 on merchandlse purchased from Sunland. 3 On April 7,purchased equipment on account for $33,900 On April 8,returned $5,200 of April 5 merchandise to Sunland Company. 4. On April 15, paid the amount due to Sunland Company in fll 5. (a) Prepare the joumal entries to record the transactions listed above on Splish Brothers Co.'s books. Splish Brothers Co.uses...
Presented below is information related to Sunland Industries. 1. On April 5, purchased merchandise on account...
Presented below is information related to Sunland Industries. 1. On April 5, purchased merchandise on account from Sarasota Ltd. for £20,500, terms 2/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of £960 on merchandise purchased from Sarasota. 3. On April 7. purchased equipment on account from Reed Manufacturing for £36,100. 4. On April 8, returned merchandise, which cost £3,000, to Sarasota. 5. On April 15, paid the amount due to Sarasota in full. - Your answer...
This information relates to Metlock Co. 1. 2. 3. 4. 5. On April 5, purchased merchandise from Ivanhoe Company for $26,200, terms 3/10, n/30. On April 6, paid freight costs of $540 on merchandise purchased from Ivanhoe. On April 7, purchased equipment on account for $30,500. On April 8, returned $3,900 of April 5 merchandise to Ivanhoe Company. On April 15, paid the amount due to Ivanhoe Company in full. (a) Prepare the journal entries to record the transactions listed...
This information relates to Larkspur Co On April 5, purchased merchandise from Crane Company for $28,000, terms 4/10, n/30. 2. On April 6, paid freight costs of $600 on merchandise purchased from Crane. 3 On April 7, purchased equipment on account for $31,700. 4 On April 8, returned $5,100 of April 5 merchandise to Crane Company 5 On April 15, paid the amount due to Crane Company in full 1 (a) Prepare the journal entries to record the transactions listed...
Question 1 View Policies Current Attempt in Progress This information relates to Skysong Co. 1. On April 5, purchased merchandise from Sheridan Company for $27,600, terms 3/10,n/30. 2. On April 6, paid freight costs of $770 on merchandise purchased from Sheridan. 3. On April 7, purchased equipment on account for $34,300. 4. On April 8, returned $5,300 of April 5 merchandise to Sheridan Company. 5. On April 15, paid the amount due to Sheridan Company in full. (a) Prepare the...
Thank you. thumbs up!
Exercise 5-02 a-b Information related to Harwick Co. is presented below. 1. On April 5, purchased merchandise on account from Botham Company for $23,000, terms 2/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $900 on merchandise purchased from Botham. 3. On April 7, purchased equipment on account for $26,000. 4. On April 8, returned damaged merchandise to Botham Company and was granted a $3,000 credit for returned merchandise. 5. On April...
This information relates to Windsor Co. 1. On April 5, purchased merchandise from Wildhorse Company for $26,000, on account terms 2/10, 30 2. On April 6, paid freight costs of $2,000 on merchandise purchased from Wildhorse Company 3. On April 7. purchased equipment on account for $37,000. 4. On April , returned $5,000 of the April 5 merchandise to Wildhorse Company 5. On April 15, paid the amount due to Wildhorse Company in full. Your answer is partially correct. Prepare...
CALCULATOR PRINTER VERSION BACK NEXT This information relates to Teal Mountain Co. 1. 2. 3. 4. 5. On April 5, purchased merchandise from Sandhill Company for $25,100, terms 2/10, 1/30. On April 6, paid freight costs of $640 on merchandise purchased from Sandhill. On April 7, purchased equipment on account for $32,900. On April 8, returned $4,800 of April 5 merchandise to Sandhill Company. On April 15, paid the amount due to Sandhill Company in full. (a) Prepare the journal...
This information relates to Kingbird Co. 1. On April 5, purchased merchandise from Blossom Company for $26,200, terms 3/10, 1/30 2. On April 6, paid freight costs of $570 on merchandise purchased from Blossom 3. On April 7. purchased equipment on count for $34,500 4. On April 8, returned $3,900 of April merchandise to Blossom Company 5. On April 15. paid the amount due to Blossom Company inful. entry required select " Enby for the account and enter for the...
1 On April 5,purchased merchandlse from Sunland Company for $26,400, terms 4/10, n/30 2 On April 6, pald freight costs of $590 on merchandlse purchased from Sunland. 3 On April 7,purchased equipment on account for $33,900 On April 8,returned $5,200 of April 5 merchandise to Sunland Company. 4. On April 15, paid the amount due to Sunland Company in fll 5. (a) Prepare the joumal entries to record the transactions listed above on Splish Brothers Co.'s books. Splish Brothers Co.uses...
Presented below is information related to Sunland Industries. 1. On April 5, purchased merchandise on account from Sarasota Ltd. for £20,500, terms 2/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of £960 on merchandise purchased from Sarasota. 3. On April 7. purchased equipment on account from Reed Manufacturing for £36,100. 4. On April 8, returned merchandise, which cost £3,000, to Sarasota. 5. On April 15, paid the amount due to Sarasota in full. - Your answer...
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