Business, 15.08.2020 23:01 morgan4411
On July 22, Peter sold $23,500 of inventory items on credit with the terms 2/15, net 30. Payment on $15,000 sales was received on August 1 and the remaining payment was received on August 12. Assuming Peter uses the gross method of accounting for sales discounts, which one of the following entries was made on August 1 to record the cash received?
a. Cash14,700
Sales Discount. 300
Accounts Receivable 15,000
b. Cash 15,000
Accounts Receivable. 15,000
c. Cash 14,700
Accounts Receivable 14,700
d. Accounts Receivable. 300
Sales Discount Forfeited.. 300
Answers: 1
Business, 21.06.2019 15:20
List three major educational changes over the past 100 years that have positively influenced students. explain why these changes were influential.
Answers: 3
Business, 22.06.2019 13:40
After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases.b. the marginal cost of going to ft. lauderdale decreases.c. the marginal benefit of going to cancun increases.d. the marginal benefit of going to ft. lauderdale decreases.
Answers: 2
Business, 22.06.2019 18:00
What would not cause duff beerโs production possibilities curve to expand in the short run? a. improved manufacturing technology b. additional resources c. increased demand
Answers: 1
Business, 22.06.2019 22:00
You wish to retire in 13 years, at which time you want to have accumulated enough money to receive an annual annuity of $23,000 for 18 years after retirement. during the period before retirement you can earn 9 percent annually, while after retirement you can earn 11 percent on your money. what annual contributions to the retirement fund will allow you to receive the $23,000 annuity? use appendix c and appendix d for an approximate answer, but calculate your final answer using the formula and financial calculator methods.
Answers: 1
On July 22, Peter sold $23,500 of inventory items on credit with the terms 2/15, net 30. Payment on...
Mathematics, 16.04.2020 23:13
Mathematics, 16.04.2020 23:13
Biology, 16.04.2020 23:13
Mathematics, 16.04.2020 23:13
Mathematics, 16.04.2020 23:13
English, 16.04.2020 23:13
Business, 16.04.2020 23:13
Biology, 16.04.2020 23:13
History, 16.04.2020 23:13
Chemistry, 16.04.2020 23:13