The following transactions were selected from among those completed by bear’s retail store: nov. 20 sold two items of merchandise to cheryl jahn, who paid the $530 (total) sales price in cash. the goods cost bear’s $400. 25 sold 20 items of merchandise to vasko athletics at a selling price of $4,900 (total); terms 3/10, n/30. the goods cost bear’s $2,950. 28 sold 10 identical items of merchandise to nancy’s gym at a selling price of $6,900 (total); terms 3/10, n/30. the goods cost bear’s $4,450. 29 nancy’s gym returned one of the items purchased on the 28th. the item was in perfect condition and credit was given to the customer. dec. 6 nancy’s gym paid the account balance in full. 30 vasko athletics paid in full for the invoice of november 25.

required: compute the net sales revenue to be reported over the two months. (do not round intermediate calculations. round your answer to 2 decimal places.)

Concrete consulting co. has the following accounts in its ledger: cash; accounts receivable; supplies; office equipment; accounts payable; jason payne, capital; jason payne, drawing; fees earned; rent expense; advertising expense; utilities expense; miscellaneous expense. transactions oct. 1 paid rent for the month, $3,600. 3 paid advertising expense, $1,200. 5 paid cash for supplies, $750. 6 purchased office equipment on account, $8,000. 10 received cash from customers on account, $14,800. 15 paid creditors on account, $7,110. 27 paid cash for miscellaneous expenses, $400. 30 paid telephone bill (utility expense) for the month, $250. 31 fees earned and billed to customers for the month, $33,100. 31 paid electricity bill (utility expense) for the month, $1,050. 31 withdrew cash for personal use, $2,500. journalize the following selected transactions for october 2019 in a two-column journal. refer to the chart of accounts for exact wording of account titles

China white was the black market selling of ivory, in which the profit was redistributed back into the trafficking of heroin.

As a general rule, when accountants calculate profit they account for explicit costs but usually ignorea. certain outlays of money by the firm.b. implicit costs.c. operating costs.d. fixed costs.