Business, 11.03.2020 01:04 safi30360oz0c34

The following errors in the corporation’s accounting have been discovered:
1. January 2018 cash disbursements entered as of December 2017 included payments of accounts payable in the amount of $39,700, on which a cash discount of 2% was taken.
2. The inventory included $29,650 of merchandise that had been received at December 31 but for which no purchase invoices had been received or entered. Of this amount, $11,570 had been received on consignment; the remainder was purchased f. o.b. destination, terms 2/10, n/30.
3. Sales for the first four days in January 2018 in the amount of $28,600 were entered in the sales journal as of December 31, 2017. Of these, $22,130 were sales on account and the remainder were cash sales.
4.Cash, not including cash sales, collected in January 2018 and entered as of December 31, 2017, totaled $35,422. Of this amount, $23,422 was received on account after cash discounts of 2% had been deducted; the remainder represented the proceeds of a bank loan.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 01:50

You are an employee of an u.s. firm that produces personal computers in thailand and then exports them to the united states and other countries for sale. the personal computers were originally produced in thailand to take advantage of relatively low labor costs and a skilled workforce. other possible locations considered at that time were malaysia and hong kong. the u.s. government decides to impose punitive 100% ad valorem tariffs on imports of computers from thailand to punish the country for administrative trade barriers that restrict u.s. exports to thailand. how do you think your firm should respond? what does this tell you about the use of targeted trade barriers?

Answers: 3

Answer

Business, 22.06.2019 05:00

One question from a survey was "how many credit cards do you currently have? " the results of the survey are provided. complete parts (a) through (g) below. click the icon to view the survey results. (a) determine the mean number of credit cards based on the raw data. the mean is 3.113.11 credit cards. (type an integer or a decimal. do not round.) (b) determine the standard deviation number of credit cards based on the raw data. the standard deviation is 1.9111.911 credit cards. (round to three decimal places as needed.) (c) determine a probability distribution for the random variable, x, the number of credit cards issued to an individual. x (# of cards) p(x) x (# of cards) p(x) 1 0.280.28 6 nothing 2 nothing 7 nothing 3 nothing 8 nothing 4 nothing 9 nothing 5 nothing 10 nothing (type integers or decimals. do not round.)

Answers: 2

Answer

Business, 22.06.2019 09:00

Harry is 25 years old with a 1.55 rating factor for his auto insurance. if his annual base premium is $1,012, what is his total premium? $1,568.60 $2,530 $1,582.55 $1,842.25

Answers: 3

Answer

Business, 22.06.2019 12:50

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration

Answers: 2

Answer

You know the right answer?

The following errors in the corporation’s accounting have been discovered:
1. January 2018 ca...

Questions