Business, 14.04.2020 21:13 malacath3394
Garden Company sold merchandise to Mamouth Industries on account for $3,450 with terms 2/10, n/30. The cost of merchandise sold was $1,850. Garden Company refunded Mamouth Industries $900 for returned merchandise. The cost of merchandise sold was $600. Which of the following will be recorded by Mamouth Industries in the journal entry for the return using the perpetual inventory system?
A. credit to Accounts Payable, $882.
B. credit to Merchandise Inventory, $882.
C. debit to Merchandise Inventory, $600.
D. debit to Accounts Payable, $600.
Answers: 2
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wilson's has 10,000 shares of common stock outstanding at a market price of $35 a share. the firm also has a bond issue outstanding with a total face value of $250,000 which is selling for 102 percent of face value. the cost of equity is 11 percent while the preminustax cost of debt is 8 percent. the firm has a beta of 1.1 and a tax rate of 34 percent. what is wilson's weighted average cost of capital?
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Garden Company sold merchandise to Mamouth Industries on account for $3,450 with terms 2/10, n/30. T...
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