Business, 24.10.2021 02:10, cheesecake1919
1. ABC Company, a manufacturer, sold 100 units to a customer on November 17, 2021. The units have a list price of $600 each, but the customer was given a 30% trade discount. The terms of the sale were 2/10, n/30. a) Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2021, assuming that the gross method of accounting for cash discounts is used. To record the sale on November 17 Dr. Cr. To record the collection on November 26 Dr. Dr. Cr. b) Prepare the journal entries to record the collection on December 10, 2021, assuming that the gross method of accounting for cash discounts is used. To record the collection on December 10 Dr. Cr. c) Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on December 10, 2021, assuming that the net method of accounting for cash discounts is used. To record the sale on November 17 Dr. Cr. To record the collection on December 10 Dr. Cr. Cr.
Answers: 1
Business, 22.06.2019 00:40, mmsomefood85
Gdonald was unhappy that his company did not provide good transport facilities. he found it very strenuous to drive to work on his own, and this eventually led to job dissatisfaction. hence, he recommended ways to solve this problem. according to the evln model, this information suggests that donald's main reaction to job dissatisfaction was:
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Business, 22.06.2019 05:20, lauren21bunch
142"what is the value of n? soefon11402bebe99918+19: 00esseeshop60-990 0esle
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Business, 22.06.2019 08:30, BigDough9090
Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9
Answers: 2
1. ABC Company, a manufacturer, sold 100 units to a customer on November 17, 2021. The units have a...
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