At the beginning of the current season on April 1, the ledger of Granite Hills Pro Shop showed Cash $2,500, Inventory $3,500, and Common Stock $6,000. The following transactions were completed during April 2022.
Apr. 5 Purchased golf discs, bags, and other inventory on account from Arnie Co. $1,500, FOB shipping point, terms 3/10, n/60.
7 Paid freight on the Arnie purchase $80. 9 Received credit from Arnie Co. for merchandise returned $200.
10 Sold merchandise on account for $1,340, terms n/30. The merchandise sold had a cost of $820.
12 Purchased disc golf shirts and other accessories on account from Woods Sportswear $830, terms 1/10, n/30.
14 Paid Arnie Co. in full, less discount.
17 Received credit from Woods Sportswear for merchandise returned $30.
20 Made sales on account to members for $810, terms n/30. The cost of the merchandise sold was $550.
21 Paid Woods Sportswear in full, less discount.
27 Granted an allowance to members for clothing that did not fit $80.
30 Received payments on account from members $1,220.
Required:
Journalize the April transactions using a perpetual inventory system.
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 19:10, EthanIsHyper
According to the textbook chapter, “the emotional connection of distinguishing differences and conflict”, which of the following groups of terms describes best the skills/resources that managers need when managing differences in their organization? energy, commitment, tolerance, and appreciation energy, adequate funding, tolerance, and appreciation funding, tolerance, a strong hr department, and tolerance energy, a strong hr department, patience, and strong leadership skills
Answers: 3
Business, 22.06.2019 19:30, ssiy
Quick calculate the roi dollar amount and percentage for these example investments. a. you invest $50 in a government bond that says you can redeem it a year later for $55. use the instructions in lesson 3 to calculate the roi dollar amount and percentage. (3.0 points) tip: subtract the initial investment from the total return to get the roi dollar amount. then divide the roi dollar amount by the initial investment, and multiply that number by 100 to get the percentage. b. you invest $200 in stocks and sell them one year later for $230. use the instructions in lesson 3 to calculate the roi dollar amount and percentage. (3.0 points) tip: subtract the initial investment from the total return to get the roi dollar amount. then divide the roi dollar amount by the initial investment, and multiply that number by 100 to get the percentage.
Answers: 2
Business, 22.06.2019 23:40, step35
When randy, a general manager of a national retailer, moved to a different store in his company that was having difficulty, he knew that sales were low and after talking to his employees, he found morale was also low. at first randy thought attitudes were poor due to low sales, but after working closely with employees, he realized that the poor attitudes were actually the cause of poor sales. randy was able to discover the cause of the problem by utilizing skills.
Answers: 2
Do you know the correct answer?
At the beginning of the current season on April 1, the ledger of Granite Hills Pro Shop showed Cash...
Questions in other subjects:
Chemistry, 13.02.2022 14:00
Mathematics, 13.02.2022 14:00
Physics, 13.02.2022 14:00
Mathematics, 13.02.2022 14:00
Arts, 13.02.2022 14:00
