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Question 1 low Policies Current Attempt in Progress Sage Couses the gross method to record sales made on credit. On...
Question 2 --/1 View Policies Current Attempt in Progress Ivanhoe Co. uses the gross method to record sales made on cre...
Question 2 --/1 View Policies Current Attempt in Progress Ivanhoe Co. uses the gross method to record sales made on credit. On June 1, 2017, it made sales of $60,000 with terms 3/15, n/45. On June 12, 2017, Ivanhoe received full payment for the June 1 sale. Prepare the required journal entries for Ivanhoe Co. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when...
how can I solve these two questions? RCSLIUI 1 View Policies ice and mual Current Attempt...
how can I solve these two questions?
RCSLIUI 1 View Policies ice and mual Current Attempt in Progress el cess Splish Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $43,000 with terms 2/15,6/45. On June 12, 2020, Splish received full payment for the June 1 sale. pport Prepare the required journal entries for Splish Co. (If no entry is required, select "No Entry for the account titles and enter...
Question 2 View Policies Current Attempt in Progress Vaughn Co. uses the gross method to record...
Question 2 View Policies Current Attempt in Progress Vaughn Co. uses the gross method to record sales made on credit. On July 1, 2020, it made sales of 60,000 with terms 2/10 1/30. On July 9, 2020, Vaughn received full payment for the July 1 sale. Prepare the required journal entries for Vaughn Co. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit List of Accounts
Question 3 --/1 View Policies Current Attempt in Progress Sweet Co. uses the net method to account for cash discounts....
Question 3 --/1 View Policies Current Attempt in Progress Sweet Co. uses the net method to account for cash discounts. On June 1, 2017, it made sales of $65,000 with terms 4/15, n/45. On June 12, 2017, Sweet received full payment for the June 1 sale. Prepare the required journal entries for Sweet Co. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount...
Coronado Co. uses the gross method to record sales made on credit. On June 1, 2020,...
Coronado Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $63,000 with terms 2/15, n/45. On June 12, 2020, Coronado received full payment for the June 1 sale. Prepare the required journal entries for Coronado Co. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record...
Larkspur Co. uses the gross method to record sales made on credit. On June 1, 2020,...
Larkspur Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $64,000 with terms 2/15, n/45. On June 12, 2020, Larkspur received full payment for the June 1 sale. Prepare the required journal entries for Larkspur Co. (If no entry is required, select "No Entry"for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal...
Whispering Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $57,000 with...
Whispering Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $57,000 with terms 2/15, 1/45. On June 12, 2020, Whispering received full payment for the June 1 Prepare the required journal entries for Whispering Co. Il ne entry is required, select "No Entry for the account titles and enter for the amounts Credit account tits are automatically indented when the amounts entered. Do not indent manually. Record journal entries in...
View Policies Current Attempt in Progress Prepare journal entries to record the following sales transactions in...
View Policies Current Attempt in Progress Prepare journal entries to record the following sales transactions in Wildhorse Company's books. Wildhorse uses a perpetual inventory system Jan. 2 4 Wildhorse sold $14,000 of merchandise to Xiaoyan Company, terms 1/30, FOB shipping point. The cost of the merchandise sold was $5.530 The correct company paid freight costs of $245. Xiaoyan returned $1.400 of the merchandise purchased on January 2 because it was not needed. The cost of the merchandise returned was 5550,...
Question 13 --/1 View Policies Current Attempt in Progress During 2016, Concord Corporation spent $168,480 in...
Question 13 --/1 View Policies Current Attempt in Progress During 2016, Concord Corporation spent $168,480 in research and development costs. As a result, a new product called the New Age Piano was patented. The patent was obtained on October 1, 2016, and had a legal life of 20 years and a useful life of 10 years. Legal costs of $41,040 related to the patent were incurred as of October 1, 2016. Prepare all journal entries required in 2016 and 2017...
Weekly View Policies Current Attempt in Progress Prepare the journal entries to record the following purchase...
Weekly View Policies Current Attempt in Progress Prepare the journal entries to record the following purchase transactions in Ivanhoe Company's books. Ivanhoe uses a perpetual inventory system ces tions Jan. 2 Ivanhoe purchased $20,800 of merchandise from Feng Company, terms 1/30. FOB shipping point. 4 The correct company paid freight costs of $265 6 Ivanhoe returned $2.200 of the merchandise purchased on January 2 because it was not needed. Feb. 1 Ivanhoe paid the balance owing to Feng JS Support...
Question 2 --/1 View Policies Current Attempt in Progress Ivanhoe Co. uses the gross method to record sales made on credit. On June 1, 2017, it made sales of $60,000 with terms 3/15, n/45. On June 12, 2017, Ivanhoe received full payment for the June 1 sale. Prepare the required journal entries for Ivanhoe Co. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when...
how can I solve these two questions?
RCSLIUI 1 View Policies ice and mual Current Attempt in Progress el cess Splish Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $43,000 with terms 2/15,6/45. On June 12, 2020, Splish received full payment for the June 1 sale. pport Prepare the required journal entries for Splish Co. (If no entry is required, select "No Entry for the account titles and enter...
Question 2 View Policies Current Attempt in Progress Vaughn Co. uses the gross method to record sales made on credit. On July 1, 2020, it made sales of 60,000 with terms 2/10 1/30. On July 9, 2020, Vaughn received full payment for the July 1 sale. Prepare the required journal entries for Vaughn Co. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit List of Accounts
Question 3 --/1 View Policies Current Attempt in Progress Sweet Co. uses the net method to account for cash discounts. On June 1, 2017, it made sales of $65,000 with terms 4/15, n/45. On June 12, 2017, Sweet received full payment for the June 1 sale. Prepare the required journal entries for Sweet Co. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount...
Coronado Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $63,000 with terms 2/15, n/45. On June 12, 2020, Coronado received full payment for the June 1 sale. Prepare the required journal entries for Coronado Co. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record...
Larkspur Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $64,000 with terms 2/15, n/45. On June 12, 2020, Larkspur received full payment for the June 1 sale. Prepare the required journal entries for Larkspur Co. (If no entry is required, select "No Entry"for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal...
Whispering Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $57,000 with terms 2/15, 1/45. On June 12, 2020, Whispering received full payment for the June 1 Prepare the required journal entries for Whispering Co. Il ne entry is required, select "No Entry for the account titles and enter for the amounts Credit account tits are automatically indented when the amounts entered. Do not indent manually. Record journal entries in...
View Policies Current Attempt in Progress Prepare journal entries to record the following sales transactions in Wildhorse Company's books. Wildhorse uses a perpetual inventory system Jan. 2 4 Wildhorse sold $14,000 of merchandise to Xiaoyan Company, terms 1/30, FOB shipping point. The cost of the merchandise sold was $5.530 The correct company paid freight costs of $245. Xiaoyan returned $1.400 of the merchandise purchased on January 2 because it was not needed. The cost of the merchandise returned was 5550,...
Question 13 --/1 View Policies Current Attempt in Progress During 2016, Concord Corporation spent $168,480 in research and development costs. As a result, a new product called the New Age Piano was patented. The patent was obtained on October 1, 2016, and had a legal life of 20 years and a useful life of 10 years. Legal costs of $41,040 related to the patent were incurred as of October 1, 2016. Prepare all journal entries required in 2016 and 2017...
Weekly View Policies Current Attempt in Progress Prepare the journal entries to record the following purchase transactions in Ivanhoe Company's books. Ivanhoe uses a perpetual inventory system ces tions Jan. 2 Ivanhoe purchased $20,800 of merchandise from Feng Company, terms 1/30. FOB shipping point. 4 The correct company paid freight costs of $265 6 Ivanhoe returned $2.200 of the merchandise purchased on January 2 because it was not needed. Feb. 1 Ivanhoe paid the balance owing to Feng JS Support...
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