On june 10, metlock company purchased $6,300 of merchandise from ivanhoe company, on account, terms 3/10, n/30. metlock pays the freight costs of $390 on june 11. goods totaling $300 are returned to ivanhoe for credit on june 12. on june 19, metlock company pays ivanhoe company in full, less the purchase discount. both companies use a perpetual inventory system. part a. prepare separate entries for each transaction on the books of purcey company

part b. prepare separate entries for each transaction for guyer company. the merchandise purchased by purcey on june 10 cost guyer $2,430, and the goods returned cost guyer $260.

When making broccoli cream soup, the broccoli and aromatics should be a. burned. b. simmered. c. puréed. d. sweated.

Which of the following statements regarding the southern economy at the end of the nineteenth century is accurate? the south was producing as much cotton as it had before the civil war.

Kandon enterprises, inc., has two operating divisions; one manufactures machinery and the other breeds and sells horses. both divisions are considered separate components as defined by generally accepted accounting principles. the horse division has been unprofitable, and on november 15, 2018, kandon adopted a formal plan to sell the division. the sale was completed on april 30, 2019. at december 31, 2018, the component was considered held for sale. on december 31, 2018, the company’s fiscal year-end, the book value of the assets of the horse division was $415,000. on that date, the fair value of the assets, less costs to sell, was $350,000. the before-tax loss from operations of the division for the year was $290,000. the company’s effective tax rate is 40%. the after-tax income from continuing operations for 2018 was $550,000. required: 1. prepare a partial income statement for 2018 beginning with income from continuing operations. ignore eps disclosures. 2. prepare a partial income statement for 2018 beginning with income from continuing operations. assuming that the estimated net fair value of the horse division’s assets was $700,000, instead of $350,000. ignore eps disclosures.