On june 10, metlock company purchased $6,300 of merchandise from ivanhoe company, on account, terms 3/10, n/30. metlock pays the freight costs of $390 on june 11. goods totaling $300 are returned to ivanhoe for credit on june 12. on june 19, metlock company pays ivanhoe company in full, less the purchase discount. both companies use a perpetual inventory system. part a. prepare separate entries for each transaction on the books of purcey company

part b. prepare separate entries for each transaction for guyer company. the merchandise purchased by purcey on june 10 cost guyer $2,430, and the goods returned cost guyer $260.

Case in point 2.4 attaway airlines, part two back at attaway airlines, the morning meeting ended with no agreement between dan esposito and molly kinnon. in fact, a new issue arose. molly now says that the new accounting system is entitled to the highest priority because the federal government soon will require the reporting of certain types of company-paid health insurance premiums. because the current system will not handle this report, she insists that the entire accounting system is a nondiscretionary project. as you might expect, dan is upset. can part of a project be nondiscretionary? what issues need to be discussed? the committee meets again tomorrow, and the members will look to you, as the it director, for guidance.

Aminor has the legal right to repudiate

Alocal barnes and noble bookstore ordered 80 marketing books but received 60 books. what percent of the order was missing?