Assume the perpetual inventory method is used.
(1) The company purchased $13,000 of mer...
Assume the perpetual inventory method is used.
(1) The company purchased $13,000 of merchandise on account under terms 2/10, n/30.
(2) The company returned $2,500 of merchandise to the supplier before payment was made.
(3) The liability was paid within the discount period.
(4) All of the merchandise purchased was sold for $20,000 cash.
What effect will the return of merchandise to the supplier have on the accounting equation?
(A) Assets and liabilities are reduced by $2,450.
(B) None.
(C) It is an asset exchange transaction.
(D) Assets and equity are reduced by $2,500.
(E) Assets and liabilities are reduced by $2,500.
Answers: 1
Business, 22.06.2019 11:30, kimjp56io5
Amano s preguntes cationing to come fonds and consumer good 8. why did the u. s. government use rationing for some foods and consumer goods during world war ii?
Answers: 1
Business, 22.06.2019 12:20, lamwil9432
Selected transactions of the carolina company are listed below. classify each transaction as either an operating activity, an investing activity, a financing activity, or a noncash activity. 1. common stock is sold for cash above par value. 2. bonds payable are issued for cash at a discount
Answers: 2
Business, 22.06.2019 20:30, zachzach28280
Almeda products, inc., uses a job-order costing system. the company's inventory balances on april 1, the start of its fiscal year, were as follows:
Answers: 2
Business, 22.06.2019 22:00, lizdeleon248
Your sister turned 35 today, and she is planning to save $60,000 per year for retirement, with the first deposit to be made one year from today. she will invest in a mutual fund that's expected to provide a return of 7.5% per year. she plans to retire 30 years from today, when she turns 65, and she expects to live for 25 years after retirement, to age 90. under these assumptions, how much can she spend each year after she retires? her first withdrawal will be made at the end of her first retirement year.
Answers: 3
Social Studies, 07.10.2019 18:00
History, 07.10.2019 18:00
Mathematics, 07.10.2019 18:00
Mathematics, 07.10.2019 18:00