Business, 06.05.2020 01:32 tashaylinm02
During Year 2, the company experienced the following events: 1. Purchased inventory that cost $5,100 on account from Ross Company under terms 2/10, n/30. The merchandise was delivered FOB shipping point. Freight costs of $460 were paid in cash. 2. Returned $300 of the inventory it had purchased because the inventory was damaged in transit. The seller agreed to pay the return freight cost. 3. Paid the amount due on its account payable to Ross Company within the cash discount period. 4. Sold inventory that had cost $5,600 for $8,600 on account, under terms 2/10, n/45. 5. Received merchandise returned from a customer. The merchandise originally cost $460 and was sold to the customer for $760 cash. The customer was paid $760 cash for the returned merchandise. 6. Delivered goods FOB destination in Event 4. Freight costs of $560 were paid in cash. 7. Collected the amount due on the account receivable within the discount period. 8. Took a physical count indicating that $1,300 of inventory was on hand at the end of the accounting period. How do we solve 3 and 8?
Answers: 3
Business, 21.06.2019 20:30, aylineorozco836
Juniper company uses a perpetual inventory system and the gross method of accounting for purchases. the company purchased $9,750 of merchandise on august 7 with terms 1/10, n/30. on august 11, it returned $1,500 worth of merchandise. on august 26, it paid the full amount due. the correct journal entry to record the merchandise return on august 11 is:
Answers: 3
Business, 22.06.2019 05:20, lauren21bunch
142"what is the value of n? soefon11402bebe99918+19: 00esseeshop60-990 0esle
Answers: 1
Business, 22.06.2019 19:20, kimmosley80
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. during 2003, an auction house sold a sculpture at auction for a price of $10,211,500. unfortunately for the previous owner, he had purchased it in 2000 at a price of $12,177,500. what was his annual rate of return on this sculpture? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as
Answers: 2
During Year 2, the company experienced the following events: 1. Purchased inventory that cost $5,100...
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