Business, 28.06.2019 09:40 kaileasample8259
Stear corp. purchases goods on credit for $2,000. it records this transaction in the journal. it then returns a quarter of these goods to the vendor because they were defective. how will the accountant record the transaction of returning the defective goods in the journal? a. accounts receivable account (debit) 2,000 purchase return account (credit) 2,000 b. purchase return account (debit) 2,000 accounts receivable account (credit) 2,000 c. accounts payable account (debit) 2,000 purchase return account (credit) 2,000 d. purchase return account (debit) 2,000 accounts payable account (credit) 2,000
Answers: 1
Business, 22.06.2019 21:50, reggiegilbert1995
Varto company has 9,400 units of its sole product in inventory that it produced last year at a cost of $23 each. this year’s model is superior to last year’s, and the 9,400 units cannot be sold at last year’s regular selling price of $42 each. varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8 each, or (2) they can be reworked at a cost of $251,100 and then sold for $34 each. prepare an analysis to determine whether varto should sell the products as is or rework them and then sell them.
Answers: 2
Business, 23.06.2019 00:00, AaronMicrosoft15
Winston churchill's stamp collection was valued at $14 million when he died. at auction, it brought in only $4 million. what was it worth? why?
Answers: 3
Stear corp. purchases goods on credit for $2,000. it records this transaction in the journal. it the...
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