WebAnswers: 2 on a question: On may 1. anders company purchased merchandise in the amount of $5,800 from shilling, with credit terms of 2/10, n/30. anders uses the perpetual … Webc. $400. d. $370. Winsor Co. records purchases at net amounts. On May 5 Winsor purchased merchandise on account, $20,000, terms 2/10, n/30. Winsor returned $1,500 of the May 5 purchase and received credit on account. At …
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WebTax for P380,000. 2. On June 1, 2012, Jeanah Company sold merchandise with a list price of P5,000,000 to a. C. Debit Accounts Receivable for P5,500,000 and credit Sales for P5,000,000 and Output customer. The entity allowed trade discounts of 20% and 10%. Credit terms were 5/10, n/30. WebStudy with Quizlet and memorize flashcards containing terms like A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 …
Web11 de out. de 2024 · On may 1, anders company purchased merchandise in the amount of $5,800 from shilling, with credit terms of 2/10, n/30. anders uses the perpetual … Web2 de abr. de 2024 · Question. QUESTION 5 On May 1, Shilling Company, Inc. sold merchandise inthe amount of $5,800 to Anders, with credit terms of 2/10, n/30.The cost of the items sold is $4,000. Shilling uses the perpetualinventory system. The journal entry or entries that Shilling willmake on May 1 is: Accounts receivable 5,800 Sales 5,800 Cost …
WebThe cost of the merchandise was $650. May 4, we issued Empire a credit memo for $500 because of a slight defect in one of the items May 10, we received a check from Empire Company. Record the necessary journal entries. April 2, Sold merchandise on account to Brown Company for $18,900, 1/10, n/30. The cost of the merchandise sold was $13,300. WebASK AN EXPERT. Business Accounting A company purchased $4,500 of merchandise on May 1 with terms of 2∕10, n∕30. On May 6, it returned $250 of that merchandise. On May 8, it paid the balance owed for merchandise, taking any discount it is entitled to. The cash paid on May 8 is a. $4,500. c.
Web25 de set. de 2024 · Amount of merchandise purchased = $5,800. Credit terms = 2/10 and n/10. Using a perpetual system and gross method, Therefore, the Journal entry is as follows: On May 1, Merchandise inventory A/c Dr. $5,800 To accounts payable $5,800 (To record the purchase of merchandise on account at May 1)
Web9 de nov. de 2024 · Dr Merchandise Inventory 5,800 Cr Accounts Payable 5,800; Explanation: The only records that Anders Company should make on May 1 regarding … canada life uwp fondsWebTEST 4-6 TEAM 4 QUESTIONS ANSWERS CHAPTER 4 121) On May 1, Anders Company purchased merchandise in the amount of $5,800 from Shilling, with credit terms of 2/10, n/30. Anders uses the perpetual inventory system and the gross method. The journal entry that Anders will make on May 1 is: A) ... canada life wait timesWebAccounting questions and answers. On May 1 Anders Company purchased merchandise in the amount of $5,800 from Shilling, with credit terms of 2/10 n/30. And system and the … canada life wealth preservation account fundsWeb25 de set. de 2024 · Amount of merchandise purchased = $5,800. Credit terms = 2/10 and n/10. Using a perpetual system and gross method, Therefore, the Journal entry is as … fisher amplifier olx.roWebOn May 1, Anders Company purchased merchandise in the amount of $5,800 from Shilling, with credit terms of 2/10, n/30. Anders uses the perpetual inventory system and the gross method. The journal entry that Anders will make on May 1 is: merchandise inventory: debited 5,800 accounts payable: credited 5,800. fisher amish restaurant intercourse pa buffetWeb17 de dez. de 2024 · On May 1, Shilling Company sold merchandise in the amount of $5,800 to Anders, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. - 14222315 canada life wealth preservationWebTransportation costs were an additional $350. The company returned $275 worth of merchandise and then paid the invoice within the 2% cash discount period. The total … fisher amplifier repair ca-225a