The Marchetti Soup Company entered into the following transactions during the month of June:
a. purchased inventory on account for $160,000 (assume Marchetti uses a perpetual inventory system)
b. paid $43,000 in salaries to employees for work performed during the month
c. sold merchandise that cost $126,000 to credit customers for $215,000
d. collected $195,000 in cash from credit customers.
e. paid suppliers of inventory $140,000.
Assume that the opening balances in each of the accounts is zero except for cash, accounts receivable, and accounts payable that had opening balances of $66,500, $46,000, and $25,000, respectively. (Enter the transaction number in the column next to the amount.) Prepare journal entries for each of the above transactions.
Answers: 1
Business, 22.06.2019 11:40, sriggins1375
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Answers: 1
Business, 22.06.2019 20:00, krystynas799
In myanmar, six laborers, each making the equivalent of $ 2.50 per day, can produce 40 units per day. in china, ten laborers, each making the equivalent of $ 2.25 per day, can produce 48 units. in billings comma montana, two laborers, each making $ 60.00 per day, can make 102 units. based on labor cost per unit only, the most economical location to produce the item is china , with a labor cost per unit of $ . 05. (enter your response rounded to two decimal places.)
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Business, 23.06.2019 01:00, gabbytumey
As more people migrated west during the gold rush, what do you think happened to the demand curve in most western markets, holding all else constant? a. there was no shift, nor any increase or decrease in quantity demanded. b. there was no shift, but there was a decrease in quantity demanded. c. the demand curve shifted to the left. d. the demand curve shifted to the right. e. there was no shift, but there was an increase in quantity demanded.
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The Marchetti Soup Company entered into the following transactions during the month of June:
a. pur...
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