Business
Business, 25.10.2019 18:43, skylarjane1030

Problem 5-1a concord’s book warehouse distributes hardcover books to retail stores and extends credit terms of 2/10, n/30 to all of its customers. at the end of may, concord’s inventory consisted of books purchased for $2,000. during june, the following merchandising transactions occurred.
june 1 purchased books on account for $1,800 from kline publishers, fob destination, terms 2/10, n/30. the appropriate party also made a cash payment of $40 for the freight on this date.
june 3 sold books on account to reading rainbow for $2,100. the cost of the books sold was $140.
june 6 received $200 credit for books returned to kline publishers.
june 9 paid kline publishers in full, less discount.
june 15 received payment in full from reading rainbow.
june 17 sold books on account to blanco books for $1,900. the cost of the books sold was $1,140.
june 20 purchased books on account for $1,600 from dietz publishers, fob destination, terms 2/15, n/30. the appropriate party also made a cash payment of $40 for the freight on this date.
june 24 received payment in full from blanco books.
june 26 paid dietz publishers in full, less discount. 28 sold books on account to reddy bookstore for $1,200. the cost of the books sold was $700.
june 30 granted reddy bookstore $110 credit for books returned costing $66.

journalize the transactions for the month of june for powell warehouse, using a perpetual inventory system.

answer
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 22:40, songulakabulut1992
Which of the following will not cause the consumption schedule to shift? a) a sharp increase in the amount of wealth held by households b) a change in consumer incomes c) the expectation of a recession d) a growing expectation that consumer durables will be in short supply
Answers: 1
image
Business, 22.06.2019 23:30, bb1593
As a result of a thorough physical inventory, waterway company determined that it had inventory worth $320200 at december 31, 2020. this count did not take into consideration the following facts: walker consignment currently has goods worth $47400 on its sales floor that belong to waterway but are being sold on consignment by walker. the selling price of these goods is $75900. waterway purchased $21900 of goods that were shipped on december 27, fob destination, that will be received by waterway on january 3. determine the correct amount of inventory that waterway should report.
Answers: 2
image
Business, 23.06.2019 02:00, ameyl
Which type of unemployment would increase if workers lost their jobs because their positions were replaced by an automated process? a) cyclical b) frictional c) international d) structural
Answers: 1
image
Business, 23.06.2019 07:50, youugly0123
If a price increase from $5 to $7 causes quantity demanded to fall from 150 to 100 and vice-versa, what is the absolute value of the own price elasticity at a price of $7? note that the question is about the price point of $7, and not $5.
Answers: 2
Do you know the correct answer?
Problem 5-1a concord’s book warehouse distributes hardcover books to retail stores and extends credi...

Questions in other subjects:

Konu
Mathematics, 18.01.2021 20:30
Konu
Mathematics, 18.01.2021 20:30
Konu
Mathematics, 18.01.2021 20:30