Business, 05.05.2020 04:11 hokamidat

This information relates to Marin Co.

1.On April 5, purchased merchandise from Cullumber Company for $27,900, terms 2/10, n/30.
2.On April 6, paid freight costs of $670 on merchandise purchased from Cullumber.
3.On April 7, purchased equipment on account for $31,600.
4.On April 8, returned $3,700 of April 5 merchandise to Cullumber Company.
5.On April 15, paid the amount due to Cullumber Company in full.

Prepare the journal entries to record the transactions listed above on Cullumber Co.âs books. Cullumber Co. uses a perpetual inventory system.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 04:30

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

Answers: 1

Answer

Business, 22.06.2019 09:50

Beck company had the following accounts and balances at the end of the year. what is net income or net loss for the year? cash $ 74 comma 000 accounts payable $12,000 common stock $21,000 dividends $12,000 operating expenses $ 13 comma 000 accounts receivable $ 49 comma 000 inventory $ 47 comma 000 longminusterm notes payable $33,000 revenues $ 91 comma 000 salaries payable $ 30 comma 000

Answers: 1

Answer

Business, 22.06.2019 16:40

Job 456 was recently completed. the following data have been recorded on its job cost sheet: direct materials $ 2,418 direct labor-hours 74 labor-hours direct labor wage rate $ 13 per labor-hour machine-hours 137 machine-hours the corporation applies manufacturing overhead on the basis of machine-hours. the predetermined overhead rate is $14 per machine-hour. the total cost that would be recorded on the job cost sheet for job 456 would be: multiple choice $3,380 $5,298 $6,138 $2,622

Answers: 1

Answer

Business, 22.06.2019 18:10

Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?

Answers: 1

Answer

You know the right answer?

This information relates to Marin Co.

1.On April 5, purchased merchandise from Cullumbe...

Questions