York Company Limited began selling thermometers and oximeters during the pandemic. They completed the following merchandising transactions in the month of Oct 2020 using a perpetual inventory system. Oct 1 2
9
10
12
15
17
19
24
27
30
Required:
Journalize
Purchased 90 items at the cost of $80 each on account, terms 2/10, n/30
Sold 55 merchandise for $140 each on account, terms 1/10, n/30. The cost of the merchandise sold was $4,400.
Received payment in full, less discounts, from customers billed on Oct 2.
Paid suppliers in full, less discount, for purchases on Oct 1.
Purchased merchandise for cash $2,400.
Received refund for poor quality merchandise from supplier on cash purchase $480.
Purchased merchandise on account for $1,700, FOB shipping point, terms 2/10, n/30.
Paid freight of $180 for Oct 17 purchase.
Sold merchandise for cash $5,600. The merchandise sold had a cost of $3,200
Paid in full for merchandise purchased on Oct 17, less discount.
Made refunds to cash customers for defective merchandise $700. The returned merchandise cost $400.
the transactions (omit explanations).

On july 1, 2016, killearn company acquired 103,000 of the outstanding shares of shaun company for $21 per share. this acquisition gave killearn a 40 percent ownership of shaun and allowed killearn to significantly influence the investee's decisions. as of july 1, 2016, the investee had assets with a book value of $6 million and liabilities of $1,468,500. at the time, shaun held equipment appraised at $140,000 above book value; it was considered to have a seven-year remaining life with no salvage value. shaun also held a copyright with a five-year remaining life on its books that was undervalued by $562,500. any remaining excess cost was attributable to goodwill. depreciation and amortization are computed using the straight-line method. killearn applies the equity method for its investment in shaun. shaun's policy is to declare and pay a $1 per share cash dividend every april 1 and october 1. shaun's income, earned evenly throughout each year, was $580,000 in 2016, $606,600 in 2017, and $649,200 in 2018. in addition, killearn sold inventory costing $93,000 to shaun for $155,000 during 2017. shaun resold $97,500 of this inventory during 2017 and the remaining $57,500 during 2018.a. determine the equity income to be recognized by killearn during each of these years. 2016 2017 2018b. compute killearn’s investment in shaun company’s balance as of december 31, 2018.

Order these statements in the correct order to fill in the central idea and key points for a chronological speech. question 22 options: there are several steps that someone must take to become a doctor. finally, you will need to get a medical license, and become board certified in your specialty area. then, you must get admitted into to medical school and earn a medical degree. next, you will need to complete a residency. first you must earn a bachelors degree.

Which of the following is an example of a monetary policy? a. the government requires credit card companies to protect customers' privacy. b. the government restricts the amount of money that banks can lend. c. the government lowers taxes and increases spending. d. the government pays for repairing damage from a natural disaster.