E6-14 analyzing and recording sales and gross profit with sales returns [lo 6-4, lo 6-6] cycle wholesaling sold merchandise on account, with terms n/60, to sarah’s cycles on february 1 for $700 (cost of goods sold of $450). on february 9, sarah’s cycles returned to cycle wholesaling one-quarter of the merchandise from february 1 (cost of goods returned was $110). cycle wholesaling uses a perpetual inventory system, and it allows returns only within 15 days of initial sale. required: 1. to 3. prepare the journal entry to record the sales, goods returned on february 9 and cash collected on march 2. 4. calculate the gross profit percentage for the sale to sarah’s cycles. g

Jamie lee is reviewing her finances one month later. she has provided the actual amounts paid below. use the cash budget table below to her identify the variances in her budget. each answer must have a value for the assignment to be complete. enter "0" for any unused categories. actual amounts income: monthly expenses: gross monthly salary $2,315 rent obligation $260 net monthly salary $1,740 utilities/electricity $130 savings allocation: utilities/water $10 regular savings $130 utilities/cable tv $155 rainy-day savings $20 food $160 entertainment: gas/maintenance $205 cake decorating class $90 credit card payment $25 movies with friends $50 car insurance $75 clothing $145 budgeted amounts assets: monthly expenses: checking account $1,850 rent obligation $225 emergency fund savings account $4,300 utilities/electricity $75 car $5,200 utilities/water $35 computer & ipad $1,100 utilities/cable tv $120 liabilities: food $115 student loan $6,600 gas/maintenance $95 credit card balance $1,000 credit card payment $45 income: car insurance $45 gross monthly salary $2,155 clothing $45 net monthly salary $1,580 entertainment: savings allocation: cake decorating class $90 regular savings $130 movies with friends $50 rainy day savings $20

Which plan offers a tax-free education?

Almeda products, inc., uses a job-order costing system. the company's inventory balances on april 1, the start of its fiscal year, were as follows: