Business, 06.07.2021 15:40 kaylarose7658
Vintage World uses a perpetual inventory system. Journalize the following sales transactions for Vintage World. Explanations are not required. The company estimates sales returns at the end of each month.
Jan. 4 Sold $15,000 of antiques on account, credit terms are n/30. Cost of goods is $7,500.
8 Received a 100 sales return on damaged goods from the customer. Cost of goods damaged is $50.
13 Vintage World received payment from the customer on the amount due from Jan.4, less the return.
20 Sold $5,200 of antiques on account, credit terms are 22/10, n/45, FOB destination. Cost of goods is $2,600.
20 Vintage World paid$90 on freight out.
29 Received payment from the customer on the amount due from Jan20, less the discount.
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 12:50, 22iungj
Salaries are $4,500 per week for five working days and are paid weekly at the end of the day fridays. the end of the month falls on a thursday. the accountant for dayton company made the appropriate accrual adjustment and posted it to the ledger. the balance of salaries payable, as shown on the adjusted trial balance, will be a (assume that there was no beginning balance in the salaries payable account.)
Answers: 1
Business, 22.06.2019 19:10, boi7348
Pam is a low-risk careful driver and fran is a high-risk aggressive driver. to reveal their driver types, an auto-insurance company a. refuses to insure high-risk drivers b. charges a higher premium to owners of newer cars than to owners of older cars c. offers policies that enable drivers to reveal their private information d. uses a pooling equilibrium e. requires drivers to categorize themselves as high-risk or low-risk on the application form
Answers: 3
Business, 22.06.2019 19:40, yoyo80431
Which term describes an alternative to car buying where monthly payments are paid for a specific period of time, after which the vehicle is returned to the dealership or bought? a. car financing b. car maintenance c. car leasing d. car ownership
Answers: 3
Business, 22.06.2019 22:00, vanessacasillas452
What resourse is both renewable and inexpensive? gold coal lumber mineral
Answers: 1
You know the right answer?
Vintage World uses a perpetual inventory system. Journalize the following sales transactions for Vin...
Questions in other subjects:
Mathematics, 29.06.2019 01:00
