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On March 3, Shamrock, Inc. sells $682,900 of its receivables to Western Factors Inc. Western Factors Inc. assesses a se...
On March 3, Tamarisk, Inc. sells $691,0000 of its receivables to Western Factors Inc. Western Factors...
On March 3, Tamarisk, Inc. sells $691,0000 of its receivables to Western Factors Inc. Western Factors Inc. assesses a service charge of 5% of the amount of receivables sold. Prepare the entry on Tamarisk, Inc.' books to record the sale of the receivables. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Credit Date Account Titles and Explanation Debit Mar. 3 Click if vou would like to Show Work for this qwestion: Open Show Work
--/1 Question 4 View Policies Current Attempt in Progress On March 3, Sweet Acacia Industries sells $764,900 of its rec...
--/1 Question 4 View Policies Current Attempt in Progress On March 3, Sweet Acacia Industries sells $764,900 of its receivables to Western Factors Inc. Western Factors Inc. assesses a service charge of 6% of the amount of receivables sold. Prepare the entry on Sweet Acacia Industries' books to record the sale of the receivables. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 3
please help with this accounting question! Question 11 View Policies Current Attempt in Progress On March...
please help with this accounting question!
Question 11 View Policies Current Attempt in Progress On March 3, Oriole Company sells $736,600 of its receivables to Western Factors Inc. Western Factors Inc. assesses a service charge of 4% of the amount of receivables sold Prepare the entry on Oriole Company books to record the sale of the receivables. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 3...
Question 11 View Policies Current Attempt in Progress On March 3, Indigo Corporation sells $654,300 of its receivab...
Question 11 View Policies Current Attempt in Progress On March 3, Indigo Corporation sells $654,300 of its receivables to Western Factors Inc Western Factors Inc, assesses a service charge of 4% of the amount of receivables sold Prepare the entry on Indigo Corporation books to record the sale of the receivables. (Credit occount titles are automatically indented when amount is entered Do not inden manuel Date Account Titles and Explanation Debit Credit Mar. 3 @ 303 eTextbook and Media List...
Exercise 8-7 Presented below are two independent situations. On March 3, Kitselman Appliances sells $763,800 of its rece...
Exercise 8-7 Presented below are two independent situations. On March 3, Kitselman Appliances sells $763,800 of its receivables to Ervay Factors Inc. Ervay Factors assesses a finance charge of 3% of the amount of receivables sold. Prepare the entry on Kitselman Appliances’ books to record the sale of the receivables. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) On May 10, Fillmore Company sold merchandise for $14,800 and accepted the customer’s America Bank MasterCard....
Flounder Woodcrafters sells $231,400 of receivables to Commercial Factors, Inc. on a with recourse basis. Commercial...
Flounder Woodcrafters sells $231,400 of receivables to Commercial Factors, Inc. on a with recourse basis. Commercial assesses a finance charge of 7% and retains an amount equal to 6% of accounts receivable. Flounder estimates the fair value of the recourse liability to be $8,010. Prepare the journal entry for Flounder to record the sale. (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...
Exercise 18-26 On January 2, 2017, Shamrock Company sells production equipment to Fargo Inc. for $48,000....
Exercise 18-26 On January 2, 2017, Shamrock Company sells production equipment to Fargo Inc. for $48,000. Shamrock includes a 2-year assurance warranty service with the sale of all its equipment. The customer receives and pays for the equipment on January 2, 2017. During 2017, Shamrock incurs costs related to warranties of $870. At December 31, 2017, Shamrock estimates that $620 of warranty costs will be incurred in the second year of the warranty. Prepare the journal entry to record this...
Weygandt, Financial Accounting, 10e FINANCIAL ACCOUNTING (ACCT 100/ BU Grace Period: 2 days left Regist Assignment...
Weygandt, Financial Accounting, 10e FINANCIAL ACCOUNTING (ACCT 100/ BU Grace Period: 2 days left Regist Assignment Gradebook ORION Downloadable eTextbook int CALCULATOR FULL SCREEN PRINTER VERSION «Аск On March 3, Kitselman Appliances sells $774,300 of its receivables to Monty Inc. Monty assesses a finance charge of 3% of the amount of receivables sold. Prepare the entry on Kitselman Appliances' books to record the sale of the receivables. (Credit account titles are automatically indented when amount is entered. Do not indent...
On August 1. Shamrock Finance Inc. buys 3.200 Datawave common shares for trading purposes for $121.600 cash On Oct...
On August 1. Shamrock Finance Inc. buys 3.200 Datawave common shares for trading purposes for $121.600 cash On October 15. Shamrock receives a cash dividend of $2.85 per share from Datawave. On December 1. Shamrock sells the shares for $131.200 cash. Prepare the journal entry to record the purchase of the shares. (Credit account titles are automatically indented when the amount is entered. Do not indent manually If no entry is required, select "No Entry for the account titles and...
Shamrock, Inc. issues $266,000. 10-year, 10% bonds at 98. Prepare the journal entry to record the sale of these bonds o...
Shamrock, Inc. issues $266,000. 10-year, 10% bonds at 98. Prepare the journal entry to record the sale of these bonds on March 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
On March 3, Tamarisk, Inc. sells $691,0000 of its receivables to Western Factors Inc. Western Factors Inc. assesses a service charge of 5% of the amount of receivables sold. Prepare the entry on Tamarisk, Inc.' books to record the sale of the receivables. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Credit Date Account Titles and Explanation Debit Mar. 3 Click if vou would like to Show Work for this qwestion: Open Show Work
--/1 Question 4 View Policies Current Attempt in Progress On March 3, Sweet Acacia Industries sells $764,900 of its receivables to Western Factors Inc. Western Factors Inc. assesses a service charge of 6% of the amount of receivables sold. Prepare the entry on Sweet Acacia Industries' books to record the sale of the receivables. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 3
please help with this accounting question!
Question 11 View Policies Current Attempt in Progress On March 3, Oriole Company sells $736,600 of its receivables to Western Factors Inc. Western Factors Inc. assesses a service charge of 4% of the amount of receivables sold Prepare the entry on Oriole Company books to record the sale of the receivables. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 3...
Question 11 View Policies Current Attempt in Progress On March 3, Indigo Corporation sells $654,300 of its receivables to Western Factors Inc Western Factors Inc, assesses a service charge of 4% of the amount of receivables sold Prepare the entry on Indigo Corporation books to record the sale of the receivables. (Credit occount titles are automatically indented when amount is entered Do not inden manuel Date Account Titles and Explanation Debit Credit Mar. 3 @ 303 eTextbook and Media List...
Flounder Woodcrafters sells $231,400 of receivables to Commercial Factors, Inc. on a with recourse basis. Commercial assesses a finance charge of 7% and retains an amount equal to 6% of accounts receivable. Flounder estimates the fair value of the recourse liability to be $8,010. Prepare the journal entry for Flounder to record the sale. (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...
Weygandt, Financial Accounting, 10e FINANCIAL ACCOUNTING (ACCT 100/ BU Grace Period: 2 days left Regist Assignment Gradebook ORION Downloadable eTextbook int CALCULATOR FULL SCREEN PRINTER VERSION «Аск On March 3, Kitselman Appliances sells $774,300 of its receivables to Monty Inc. Monty assesses a finance charge of 3% of the amount of receivables sold. Prepare the entry on Kitselman Appliances' books to record the sale of the receivables. (Credit account titles are automatically indented when amount is entered. Do not indent...
On August 1. Shamrock Finance Inc. buys 3.200 Datawave common shares for trading purposes for $121.600 cash On October 15. Shamrock receives a cash dividend of $2.85 per share from Datawave. On December 1. Shamrock sells the shares for $131.200 cash. Prepare the journal entry to record the purchase of the shares. (Credit account titles are automatically indented when the amount is entered. Do not indent manually If no entry is required, select "No Entry for the account titles and...
Shamrock, Inc. issues $266,000. 10-year, 10% bonds at 98. Prepare the journal entry to record the sale of these bonds on March 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
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