Business, 19.08.2020 01:01, SoccerHalo
Suppose Heat Miser Air Conditioner Company engaged in the following transactions during June of the current year:
June
3 Purchased inventory on credit terms of 1/10 net eom (end of month $1,600)
9 Returned 40% of the inventory purchased on June 3. It was defective.
12 Sold goods for cash $920 (cost $550)
15 Purchased goods for $5000. Credit terms were 3/15 net 30
16 Paid a $260 freight bill on goods purchased
18 Sold inventory for $2000 on credit terms 2/10, n/30 (cost $1180)
22 Received returned goods from the customer of the June 18 sale, $800 (cost $480)
24 Borrowed money from the bank to take advantage of the discount offered on the June 15 purchased. Signed a note payable to the bank for the net amount $4850
24 Paid supplier for goods purchased on June 15
28 Received cash in full settlement of the account from the customer who purchased inventory on June 18
29 Paid the amount owed on account from the purchase of June 3
REQUIREMENTS:
1. Journalize the proceeding transactions. Explanations not required.
2. Set up T accounts and post the journal entries to show the ending balances in the inventory and cost of goods sold accounts only
Answers: 3
Business, 22.06.2019 11:00, igtguith
T-comm makes a variety of products. it is organized in two divisions, north and south. the managers for each division are paid, in part, based on the financial performance of their divisions. the south division normally sells to outside customers but, on occasion, also sells to the north division. when it does, corporate policy states that the price must be cost plus 20 percent to ensure a "fair" return to the selling division. south received an order from north for 300 units. south's planned output for the year had been 1,200 units before north's order. south's capacity is 1,500 units per year. the costs for producing those 1,200 units follow
Answers: 1
Business, 22.06.2019 15:00, menendezliliana5
(a) what do you think will happen if the price of non-gm crops continues to rise? why? (b) what will happen if the price of non-gm food drops? why?
Answers: 2
Business, 22.06.2019 15:50, fireemblam101ovu1gt
Evaluate a real situation between two economic actors; it could be any scenario: two competing businesses, two countries in negotiations, two kids trading baseball cards, you and another person involved in an exchange or anything else. use game theory to analyze the situation and the outcome (or potential outcome). be sure to explain the incentives, benefits and risks each face.
Answers: 1
Business, 22.06.2019 22:30, nevejames07
Experts are particularly concerned about four strategic metal resources that are important for the u. s. economy and military strength, and that must be imported. what percentage does the u. s. import? *
Answers: 2
Suppose Heat Miser Air Conditioner Company engaged in the following transactions during June of the...
Mathematics, 18.03.2021 17:10
English, 18.03.2021 17:10
English, 18.03.2021 17:10
Mathematics, 18.03.2021 17:10
Mathematics, 18.03.2021 17:10
Mathematics, 18.03.2021 17:10
Mathematics, 18.03.2021 17:10