Business, 06.05.2020 00:59 lovenahofer

On March 5, 2020, Northwest Co. purchased $400,000 in merchandise on account with credit terms of 1/15, n/45. Purchases were all made f. o.b. shipping point. Northwest paid freight charges of $7,500. Merchandise with an invoice amount of $5,000 was returned for credit on March 12, 2020. Northwest paid the vendor for the amount owe on March 17, 2020. Assuming Northwest uses a perpetual inventory system and the gross method to record purchases, what journal entry would Northwest record for the payment made on March 17, 2020

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Answer from: 911wgarcia

The journal entry would be as follows:

Debit Credit

Accounts payable $395,000

Cash $391,050

Inventory $3,950

Explanation:

In order to prepare the journal entry would Northwest record for the payment made on March 17, 2020, we have to calculate according to the given data the following:

Northwest Co. purchased $400,000 in merchandise on account with credit terms of 1/15, n/45, and Merchandise with an invoice amount of $5,000 was returned for credit on March 12, 2020, hence, ross amount due = Amount of purchase - return = $400,000-$5,000 = $395,000 will be debited to Accounts payable .

Discount will be allowed as payment made within 15 dyas , hence Discount will be = 1% of $395,000 = $3,950 which will be credited to inventory .

Net amount paid will be credit to cash = $395,000-$3,950 = $391,050.

Therefore, the journal entry would be as follows:

Debit Credit

Accounts payable $395,000

Cash $391,050

Inventory $3,950

Answer from: Quest

bd = 9 cm

step-by-step explanation:

in a 30°-60°-90° triangle, the ratio of side lengths is 1 : √3 : 2. that is, the longest side (hypotenuse) is twice the length of the shortest side.

all of the triangles in your geometry are 30°-60°-90° triangles. ac is the hypotenuse of δacd, and the short side of δabc.

the short side ad of δacd will be half the length of ac, so 3 cm. the hypotenuse ab of δabc will be twice the length of ac, so 12 cm. segment bd is the difference of the lengths ab and ad, so is

bd = ab -ad

bd = 12 cm - 3 cm = 9 cm

comment on side length ratios

you can figure the ratios of side lengths in a 30°-60°-90° triangle by considering the trig ratios of the angles. or you can figure the length of the altitude of an equilateral triangle of side length 2 using the pythagorean theorem.

Answer from: Quest

i this its 7 years i hope this

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