Business, 31.10.2019 02:31, harlon852

Apr. 2 purchased $4,600 of merchandise from lyon company with credit terms of 2/15, n/60, invoice dated april 2, and fob shipping point. apr. 3 paid $300 cash for shipping charges on the april 2 purchase. apr. 4 returned to lyon company unacceptable merchandise that had an invoice price of $600. apr. 17 sent a check to lyon company for the april 2 purchase, net of the discount and the returned merchandise. apr. 18 purchased $8,500 of merchandise from first corp. with credit terms of 1/10, n/30, invoice dated april 18, and fob destination. apr. 21 after negotiations, received from first a $500 allowance toward the $8,500 owed on the april 18 purchase. apr. 28 sent check to frist paying for the april 18 purchase, net of the allowance and the discount. prepare journal enteries to record the above transcations for a retail store. assume a perpetual inventory system.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 17:40, lukecoupland4401

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.

Answers: 3

continue

Business, 22.06.2019 22:40, Conner5459

Crowding out is a phenomenon focused upon most by the macroeconomists of whereby a government deficit interest rates, which in turn private investment spending. this group also believed that fiscal policy is the only thing that can lower natural unemployment. is just as effective in countering recessions as monetary policy. can be used most of the time, but monetary policy becomes a better option when velocity is fluctuating. should be used only if the central bank follows a monetary policy rule. faces problematic lags in propagating changes throughout the economy.

Answers: 3

continue

Business, 23.06.2019 09:00, danielahchf

Jorge is attending college next year. he just got information on the college costs and the financial aid package the college is offering. jorge knows his parents can contribute $4,500 each year. jorge’s college costs & financial aid package per year costs financial aid package tuition & fees grants & scholarship $26,000 $18,500 room & board work-study $12,500 $8,500 how much will jorge need to pay each year from his own savings and from loans? $3,000 $7,000 $7,500 $11,500

Answers: 2

continue

Business, 23.06.2019 20:00, paper

What is comparing the cost of a business plan to the monetary value of the benefit derived from the same plan known as?

Answers: 1

continue

Do you know the correct answer?

Apr. 2 purchased $4,600 of merchandise from lyon company with credit terms of 2/15, n/60, invoice da...