Answers: 2
Business, 22.06.2019 20:00, hunter3978
Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 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 $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?
Answers: 2
Business, 23.06.2019 02:00, sunflowerdaisy35
Which of the statements is true about the values recorded in the balance sheet of a firm?
Answers: 2
A Company had beginning retained earnings of $190,000, net income of $52,000, and
dividends of $52,...
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