Business, 05.05.2020 04:15 priscilaannmendez

On October 1, Robertson Company sold merchandise in the amount of $5,800 to Alberts, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Robertson uses the perpetual inventory system. Alberts pays the invoice on October 8 and takes the appropriate discount. The journal entry that Robertson makes on October 8 is:

A. Sales and Returns and Allowances 500
Accounts Receivable 500
Merch Invent 350
COGS 350

B. Sales Returns and Allowances 500
Accounts Receivable 500

C. Accounts Receivable 500
Sales and Returns 500

D. Accounts Receivable 500
Sales Returns and Allowances 500
COGS 350
Merchandise Invent 350

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 11:50

What is marketing’s contribution to the new product development team? a. technical expertise needed to translate designs into an actual product/service. b. deep customer insight that leads to product ideas. c. ability to assess financial viability d. feedback on design as well as how customers will actually use the product e. technical expertise needed to translate concepts into product/service designs.

Answers: 2

Answer

Business, 22.06.2019 19:40

Best burger is a major fast food chain. its managers are motivated to grow the firm in order to increase their market power and change the industry structure in their favor. which of the following strategies is most associated with their motive for growth? a. employing celebrity spokespeople b. implementing automated burger-making machinery c. purchasing competitors d. increasing executive salaries

Answers: 3

Answer

Business, 22.06.2019 20:10

As the inventor of hypertension medication, onesure pharmaceuticals (osp) inc. was able to reap the benefits of economies of scale due to a large consumer demand for the drug. even when competitors later developed similar drugs after the expiry of osp's patents, regular users did not want to switch because they were concerned about possible side effects. which of the following benefits does this scenario best illustrate? a. first-mover advantages b. social benefits c. network externalities d. fringe benefits

Answers: 3

Answer

Business, 22.06.2019 23:30

The upper-level managers of synergy technology are meeting for the week to look at the long-term company goals and overall direction of the organization. the ceo has expressed her concern over the economy and has told her managers to look closely at the environment outside the organization before making decisions and to be future oriented. in this meeting, top managers of synergy are

Answers: 2

Answer

You know the right answer?

On October 1, Robertson Company sold merchandise in the amount of $5,800 to Alberts, with credit ter...

Questions