subject
Business, 10.10.2019 02:00 hey524

Shankar company uses a periodic system to record inventory transactions. the company purchases inventory on account on february 2 for $25,000, with terms 2/10, n/30. on february 10, the company pays on account for the inventory. record the inventory purchase on february 2 and the payment on february 10. (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field.)

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 11:40
During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million
Answers: 1
question
Business, 22.06.2019 14:50
Prepare beneish corporation's income statement and statement of stockholders' equity for year-end december 31, and its balance sheet as of december 31. there were no stock issuances or repurchases during the year. (do not use negative signs with your answers unless otherwise noted.)
Answers: 2
question
Business, 22.06.2019 16:00
Advanced enterprises reports year-end information from 2018 as follows: sales (160,250 units) $968,000 cost of goods sold 641,000 gross margin 327,000 operating expenses 263,000 operating income $64,000 advanced is developing the 2019 budget. in 2019 the company would like to increase selling prices by 14.5%, and as a result expects a decrease in sales volume of 9%. all other operating expenses are expected to remain constant. assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. should advanced increase the selling price in 2019?
Answers: 3
question
Business, 22.06.2019 16:30
On april 1, the cash account balance was $46,220. during april, cash receipts totaled $248,600 and the april 30 balance was $56,770. determine the cash payments made during april.
Answers: 1
You know the right answer?
Shankar company uses a periodic system to record inventory transactions. the company purchases inven...
Questions
question
Mathematics, 09.04.2021 04:20
question
Mathematics, 09.04.2021 04:20
Questions on the website: 13722360