Business, 12.03.2020 23:56 loudermilkb117
Sept. 12: Sold computers on account for $ 10 comma 600 to a customer, terms 1 divided by 15 comma n divided by 45. The cost of the computers is $ 6 comma 360. Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step. Date Accounts and Explanation Debit Credit Sept. 12 Accounts Receivable 10494 Sales Revenue 10494 Sale on account less discount.
Answers: 3
Business, 22.06.2019 06:10
P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.
Answers: 1
Business, 23.06.2019 00:30
Oimpermeable peaeiremblm: a garment you put on when it's raining. eddepnieent: a sales person. rrgteeaa: to negotiate the price of an article. jcaa: a box where the sales person keeps the money of his/her sales. rbatoa: something inexpensive. zalu: the color of the sky. gfolasdaes (3 words): an object that protects your eyes from the sun.
Answers: 2
Business, 23.06.2019 07:50
Suppose that two countries, britain and the u.s. produce just one good - beef. suppose that the price of beef in the u.s. is $2.80 per pound, and in britain it is ÂŁ3.70 per pound. according to ppp theory, what should the $/ÂŁ spot exchange rate be? suppose the price of beef is expected to rise to $3.10 in the u.s. and to ÂŁ4.65 in britain. what should be the one year forward $/ÂŁ exchange rate?
Answers: 1
Business, 23.06.2019 16:30
Which are the best examples of costs that should be considered when creating a project budget? over budget and under budget production costs and capacity cost of living and allocated costs total budget and allocated costs
Answers: 2
Sept. 12: Sold computers on account for $ 10 comma 600 to a customer, terms 1 divided by 15 comma n...
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