Business, 18.11.2019 20:31 henrymototero

Record the following transactions on the books of carla vista co. (omit cost of goods sold entries.) (credit account titles are automatically indented when amount is entered. do not indent manually. record journal entries in the order presented in the problem.) (a) on july 1, carla vista co. sold merchandise on account to stacey inc. for $22,740, terms 4/10, n/30. (b) on july 8, stacey inc. returned merchandise worth $2,215 to carla vista co. (c) on july 11, stacey inc. paid for the merchandise.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 16:10, 2xLaFlare

Computing depreciation, net book value, and gain or loss on asset sale lynch company owns and operates a delivery van that originally cost $46,400. lynch has recorded straight-line depreciation on the van for four years, calculated assuming a $5,000 expected salvage value at the end of its estimated six-year useful life. depreciation was last recorded at the end of the fourth year, at which time lynch disposes of this van. compute the net bookvalue of the van on the disposal date.

Answers: 1

continue

Business, 22.06.2019 10:40, emojigirl5754

Two assets have the following expected returns and standard deviations when the risk-free rate is 5%: asset a e(ra) = 18.5% σa = 20% asset b e(rb) = 15% σb = 27% an investor with a risk aversion of a = 3 would find that on a risk-return basis. a. only asset a is acceptable b. only asset b is acceptable c. neither asset a nor asset b is acceptable d. both asset a and asset b are acceptable

Answers: 2

continue

Business, 22.06.2019 11:20, andrea1704

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?

Answers: 3

continue

Business, 22.06.2019 11:30, fjjjjczar8890

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.

Answers: 2

continue

You know the right answer?

Record the following transactions on the books of carla vista co. (omit cost of goods sold entries.)...