Gomez Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the purchases journal.
July 1 Purchased $19,500 of merchandise on credit from Hector Company, terms n/15.
July 4 Sold merchandise costing $820 to C. Paul for $930 cash.
July 8 Purchased $620 of office supplies from Zhang Company on credit, terms n/30.
July 15 Paid Hector $19,500 cash for the merchandise purchased on July 1.
July 21 Purchased $1,035 of store supplies on credit from Staples, terms n/30.
July 22 Sold merchandise costing $2,500 to MicroTran for $3,000 on credit, terms n/30.
July 23 Purchased office supplies from Depot for $355 cash.
July 25 Purchased $5,000 of merchandise on credit from Alfredo Company, terms n/30.
July 27 Paid employee salaries of $2,150 in cash.
Answers: 3
Other questions on the subject: Business
Business, 21.06.2019 16:10, georgesarkes12
Weber company purchases $44,270 of raw materials on account, and it incurs $52,730 of factory labor costs. supporting records show that (a) the assembly department used $27,580 of raw materials and $33,320 of the factory labor, and (b) the finishing department used the remainder. manufacturing overhead is assigned to departments on the basis of 150% of labor costs. journalize the assignment of overhead to the assembly and finishing departments. account titles and explanation debit credit
Answers: 2
Business, 22.06.2019 06:30, silas99
Selected data for stick’s design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales $25,000 $30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2
Answers: 2
Business, 22.06.2019 09:00, rosehayden21
Drag the tiles to the correct boxes to complete the pairs.(there's not just one answer)match each online banking security practice with the pci security requirement that mandates it.1. encrypting transfer of card data2. installing a firewall3. installing antivirus software4. assigning unique ids and user namesa. vulnerability management programb. credit card data protectionc. strong access controlsd. secure network
Answers: 3
Business, 22.06.2019 19:40, QueenNerdy889
An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)
Answers: 1
Do you know the correct answer?
Gomez Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal,...
Questions in other subjects:
Mathematics, 13.07.2019 01:10
Mathematics, 13.07.2019 01:10
English, 13.07.2019 01:10
Mathematics, 13.07.2019 01:10
