Bonita Windows manufactures and sells custom storm windows for three-season porches. Bonita also provides installation service for the windows. The installation process does not involve changes in the windows, so this service can be performed by other vendors. Bonita enters into the following contract on July 1, 2020, with a local homeowner. The customer purchases windows for a price of $2,520 and chooses Bonita to do the installation. Bonita charges the same price for the windows irrespective of whether it does the installation or not. The price of the installation service is estimated to have a fair value of $600. The customer pays Geraths $2,000 (which equals the fair value of the windows, which have a cost of $1,100) upon delivery and the remaining balance upon installation of the windows. The windows are delivered on September 1, 2014, Geraths completes installation on October 15, 2014, and the customer pays the balance due.
Required:
Prepare the journal entries for Geraths in 2014.
Answers: 2
Business, 21.06.2019 22:30
Chip wilson has hired goldman sachs, an investment banking company, to assist him with a hostile takeover of lululemon. wilson's goal is to hire a new board of directors because he believes there is a need for a more long-term focus. goldman sachs is a proven firm at making a profit in every move that they make. if the hostile takeover does not pan out, what could be another motive for investors?
Answers: 1
Business, 22.06.2019 07:10
1. the healthy pantry bought new shelving and financed $7,300 with 36 monthly payments of $267.65 each. suppose the firm pays the loan off with 13 payments left. use the rule of 78 to find the amount of unearned interest. 2. the healthy pantry bought new shelving and financed $7,300 with 36 monthly payments of $267.65 each. suppose the firm pays the loan off with 13 payments left. use the rule of 78 to find the amount necessary to pay off the loan. ! i entered 967.82 for question 1 and 5,455.78 for question 2 and it said it was
Answers: 3
Business, 22.06.2019 23:40
Elite coffee and bakery, a café that offers a relaxing environment to enjoy quality coffees, teas, soups, and other menu items, has a poster in the front of its restaurants that reads, "we will always provide a quality product to our customers better meet the challenges of their day and always take the time to offer caring service one person at a time." this statement is elite's
Answers: 2
Bonita Windows manufactures and sells custom storm windows for three-season porches. Bonita also pro...
English, 23.09.2021 14:00
Mathematics, 23.09.2021 14:00
Social Studies, 23.09.2021 14:00
Mathematics, 23.09.2021 14:00
Social Studies, 23.09.2021 14:00
History, 23.09.2021 14:00
Mathematics, 23.09.2021 14:00
Chemistry, 23.09.2021 14:00
Mathematics, 23.09.2021 14:00
Mathematics, 23.09.2021 14:00