Business, 12.11.2019 00:31, jdudjdn2891

Emma co. sold to isabella co. merchandise on account fob shipping point, 2/10, net 30, for $15,000. emma co. prepaid the $750 shipping charge. using the perpetual inventory method, which of the following entries will isabella co. make to record the payment for the merchandise if isabella co. pays within the discount period?
a. accounts payable—emma co., debit $15,750; inventory, debit $300; cash, credit $16,050
b. accounts payable—emma co., debit $15,000; freight in, debit $750; cash, credit $15,750
c. accounts payable—emma co., debit $15,450; cash, credit $15,450
d. accounts payable—emma co., debit $15,000; cash, credit $15,000

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 05:00, july00

Ajewelry direct sales company pays its consultants based on recruiting new members. question 1 options: the company is running a pyramid scheme, which is illegal. the company is running a pyramid scheme, which is legal. the company has implemented a legal and ethical plan for growth. the company uses this method of compensation to reduce the fee for the product sample kit.

Answers: 3

continue

Business, 22.06.2019 10:50, dbhuggybearow6jng

Melissa is a very generous single woman. before this year, she had given over $11,400,000 in taxable gifts over the years and has completely exhausted her applicable credit amount. in the current year, melissa gave her daughter riley $100,000 and promptly filed her gift tax return. melissa did not make any other gifts this year. how much gift tax must riley pay the irs because of this transaction?

Answers: 2

continue

Business, 22.06.2019 12:00, kaylallangari549

In the united states, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. in the united kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. the united kingdom has a comparative advantage in the production of:

Answers: 2

continue

Business, 22.06.2019 14:20, deisyy101

Frugala is when sylvestor puts $2,000 into 10-year state bonds and $3,000 into 5-year aaa-rated bonds in steady hand hardware, inc. he buys the four state bonds at a 5 percent interest rate and the three steady hand bonds at a 6.5 percent rate. sylvestor also buys $1,500 worth of blue chip stocks, and $800 worth of stock in a promising new sportswear company that reinvests its earnings in new growth. 1. (a) what is the maturity for each of the bond groups sylvestor buys? (b) the coupon rate? (c) the par value?

Answers: 3

continue

Do you know the correct answer?

Emma co. sold to isabella co. merchandise on account fob shipping point, 2/10, net 30, for $15,000....