Business, 21.06.2021 16:00, juan01sebastian00
Information related to Kerber Co. is presented below.
1. On April 5, purchased merchandise on account from Monty Company for $36,000, terms 3/10, net/30, FOB shipping point.
2. On April 6, paid freight costs of $920 on merchandise purchased from Monty.
3. On April 7, purchased equipment on account for $30,500.
4. On April 8, returned damaged merchandise to Monty Company and was granted a $4,200 credit for returned merchandise.
5. On April 15, paid the amount due to Monty Company in full.
Required:
Prepare the journal entries to record these transactions on the books of Riverbed co. under a perpetual inventory system.
Answers: 3
Business, 21.06.2019 19:50, kennrecklezz
Which of the following best explains why treasury bonds have an effect on the size of the money supply? a. the amount of treasury bonds in circulation affects both unemployment and inflation. b. the government can spend more money and charge lower taxes by using treasury bonds. c. the federal reserve bank can buy and sell these bonds to raise or lower bank deposits. d. the interest paid on treasury bonds influences the interest rates charged by private banks. 2b2t
Answers: 1
Business, 22.06.2019 09:40, leomessifanboy678
As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?
Answers: 3
Business, 22.06.2019 10:30, foreignlove1039
When sending a claim to an insurance company for services provided by the physician, why are both icd-10 and cpt codes required to be submitted? how are these codes dependent upon each other? what would be the result of not submitting both codes on a medical claim to an insurance company?
Answers: 2
Information related to Kerber Co. is presented below.
1. On April 5, purchased merchandise on accou...
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