Business, 30.10.2019 16:31 tbair5417

Prepare journal entries to record each of the following sales transactions of a merchandising company. the company uses a perpetual inventory system and the gross method. apr. 1 sold merchandise for $4,800, with credit terms n/30; invoice dated april 1. the cost of the merchandise is $2,880.apr. 4 the customer in the april 1 sale returned $560 of merchandise for full credit. the merchandise, which had cost $336, is returned to inventory. apr. 8 sold merchandise for $1,900, with credit terms of 1/10, n/30; invoice dated april 8. cost of the merchandise is $1,330.apr. 11 received payment for the amount due from the april 1 sale less the return on april 4

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 01:00

The law says your employer is responsible for providing you with a safe and healthy workplace. true or false?

Answers: 1

Answer

Business, 22.06.2019 12:20

Over the past decade, brands that were once available only to the wealthy have created more affordable product extensions, giving a far broader range of consumers a taste of the good life. jaguar, for instance, launched its x-type sedan, which starts at $30,000 and is meant for the "almost rich" consumer who aspires to live in luxury. by marketing to people who desire a luxurious lifestyle, jaguar is using:

Answers: 3

Answer

Business, 22.06.2019 18:00

Interpreting the income tax expense footnote the income tax footnote to the financial statements of fedex corporation follows. the components of the provision for income taxes for the years ended may 31 were as follows: ($ millions) 2010 2009 2008 current provision domestic federal $ 36 $ (35) $ 514 state and local 54 18 74 foreign 207 214 242 297 197 830 deferred provisions (benefit) domestic federal 408 327 31 state and local 15 48 (2) foreign (10) 7 32 413 382 61 provision for income taxes $ 710 $ 579 $ 891 (a)what is the amount of income tax expense reported in fedex's 2010, 2009, and 2008 income statements?

Answers: 2

Answer

Business, 22.06.2019 22:00

"jake’s roof repair has provided the following data concerning its costs: fixed cost per month cost per repair-hour wages and salaries $ 20,900 $ 15.00 parts and supplies $ 7.70 equipment depreciation $ 2,800 $ 0.35 truck operating expenses $ 5,720 $ 1.60 rent $ 4,690 administrative expenses $ 3,850 $ 0.50 for example, wages and salaries should be $20,900 plus $15.00 per repair-hour. the company expected to work 2,600 repair-hours in may, but actually worked 2,500 repair-hours. the company expects its sales to be $47.00 per repair-hour. required: compute the company’s activity variances for may."

Answers: 1

Answer

You know the right answer?

Prepare journal entries to record each of the following sales transactions of a merchandising compan...

Questions