The following transactions are for Oriole Company.
1. On December 3, Oriole Company sold $492,200 of merchandise to Cullumber Co., terms 2/10, n/30. The cost of the merchandise sold was $325,100.
2. On December 8, Cullumber Co. was granted an allowance of $22,900 for merchandise purchased on December 3.
3. On December 13, Oriole Company received the balance due from Cullumber Co.
(a) Prepare the journal entries to record these transactions on the books of Oriole Company. Oriole Company uses a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answers: 1
Business, 22.06.2019 23:50, kaylinreed7
Harris fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. at the beginning of the year, it estimated that 34,000 direct labor-hours would be required for the period’s estimated level of production. the company also estimated $599,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. harris's actual manufacturing overhead for the year was $768,234 and its actual total direct labor was 34,500 hours. required: compute the company's predetermined overhead rate for the year. (round your answer to 2 decimal places.)
Answers: 2
Business, 23.06.2019 03:00, Neko1kat
To assess the risk and return involved in a purchase decision, which practical questions should a potential buyer ask? select three options. what can go wrong? what are the alternatives? how will it affect my status in society? what is the likely return? is the risk worth the return?
Answers: 2
Business, 23.06.2019 04:50, sariyamcgregor66321
Can someone me with general journal entry on this? ?
Answers: 3
The following transactions are for Oriole Company.
1. On December 3, Oriole Company sol...
1. On December 3, Oriole Company sol...
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