subject
Business, 30.11.2019 02:31 bxbykyah

On march 12, klein company sold merchandise in the amount of $7,800 to babson company, with credit terms of 2/10, n/30. the cost of the items sold is $4,500. klein uses the perpetual inventory system and the gross method of accounting for sales. on march 15, babson returns some of the merchandise, which is not defective. the selling price of the returned merchandise is $600 and the cost of the merchandise returned is $350. the entry or entries that klein must make on march 15 is: a. sales 7,800 accounts receivable 7,800b. sales 7,800 accounts receivable 7,800 cost of goods sold 4,500 merchandise inventory 4,500c. accounts receivable 7,800 sales 7,800d. accounts receivable 7,800 sales 7,800 cost of goods sold 4,500 merchandise inventory 4,500e. accounts receivable 4,500 sales 4,500

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 03:00
Which of the following is not a consideration when determining your asset allocation
Answers: 3
question
Business, 22.06.2019 09:30
Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.
Answers: 1
question
Business, 22.06.2019 12:00
Describe the three different ways the argument section of a cover letter can be formatted
Answers: 1
question
Business, 22.06.2019 18:00
1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%
Answers: 1
You know the right answer?
On march 12, klein company sold merchandise in the amount of $7,800 to babson company, with credit t...
Questions
question
Mathematics, 07.05.2021 23:10
Questions on the website: 13722363