Business, 06.07.2021 14:20 andr8aa

This information relates to Olaf Decor. 1. On April 5, purchased merchandise on account from DeVito Group for €18,000, terms 2/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of €820 on merchandise purchased from DeVito. 3. On April 7, purchased equipment on account for €30,000. 4. On April 8, returned some of April 5 merchandise, which cost €2,800, to DeVito. 5. On April 15, paid the amount due to DeVito in full. Instructions 2. Prepare the joumal entries to record these transactions on the books of Olaf using a periodic inventory system (30) b. Assume that Olaf paid the balance due to DeVito on May 4 instead of April 15. Prepare the journal entry to record this payment.(20)

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 18:10

Grace period is a period of time before the credit card company starts charging late fees.truefalse

Answers: 1

Answer

Business, 21.06.2019 22:30

Match the vocabulary word to the correct definition. 1. human resources department 2. job description 3. ethics 4. labor relations 5. occupational safety & health administration a. a detailed list of the functions and requirements for a position b. the exchange between the employer and employee c. principles that define appropriate conduct d. the government agency responsible for monitoring safety in the workplace e. the division of a business responsible for hiring, managing,maintaining, and firing the workforce

Answers: 1

Answer

Business, 22.06.2019 07:10

1. the healthy pantry bought new shelving and financed $7,300 with 36 monthly payments of $267.65 each. suppose the firm pays the loan off with 13 payments left. use the rule of 78 to find the amount of unearned interest. 2. the healthy pantry bought new shelving and financed $7,300 with 36 monthly payments of $267.65 each. suppose the firm pays the loan off with 13 payments left. use the rule of 78 to find the amount necessary to pay off the loan. ! i entered 967.82 for question 1 and 5,455.78 for question 2 and it said it was

Answers: 3

Answer

Business, 22.06.2019 14:50

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of

Answers: 3

Answer

You know the right answer?

This information relates to Olaf Decor. 1. On April 5, purchased merchandise on account from DeVito...

Questions