On may 1 anders company purchased merchandise
Web9 de nov. de 2024 · Dr Merchandise Inventory 5,800 Cr Accounts Payable 5,800; Explanation: The only records that Anders Company should make on May 1 regarding … WebAnders uses the perpetual inventory system. The journal entry or entries that Anders will make on May 1 is: On May 1, Anders Company, Inc. purchased merchandise in the …
On may 1 anders company purchased merchandise
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Web20 de nov. de 2024 · On May 1, Shilling Company sold merchandise in the amount of $5,800 to Anders, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. - 13915387
WebRoberto Company uses a perpetual inventory system. On December 1, the company purchased $3,300 of merchandise for cash. Complete the journal entry. A company purchased merchandise inventory at a cost of $8,500 with credit terms 2 10, net 60. If the company borrows $8,330 to pay for the purchase on the last day of the discount period … WebTax for P380,000. 2. On June 1, 2012, Jeanah Company sold merchandise with a list price of P5,000,000 to a. C. Debit Accounts Receivable for P5,500,000 and credit Sales for P5,000,000 and Output customer. The entity allowed trade discounts of 20% and 10%. Credit terms were 5/10, n/30.
WebOn May 1, Shilling Company, Inc. sold merchandise in the amount of 5,800 to Anders, with credit term of 2/10/, n/30. The cost of the items sold is 4,000. Shilling uses the perpetual inventory system. The journal entry or entries that Shilling will make on; A company sold merchandise with a cost of $221 for $350 on account. WebVerified Answer for the question: [Solved] On May 1, Anders Company, Inc. purchased merchandise in the amount of $5,800 from Shilling, with credit terms of 2/10, n/30. Anders uses the perpetual inventory system. The journal …
WebHercules Company purchased a computer for $4500 on December 1. ... The steps in the accounting cycle for a merchandising company are the same as those in a service company except: a. an additional adjusting journal entry for inventory may be needed in a merchandising company. b.
WebStudy with Quizlet and memorize flashcards containing terms like A company purchased 1800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned 200 worth of … how to sell my skin care productsWeb25 de set. de 2024 · Amount of merchandise purchased = $5,800. Credit terms = 2/10 and n/10. Using a perpetual system and gross method, Therefore, the Journal entry is as … how to sell my samsung zflip 4Web13 de nov. de 2024 · Answer by Guest. DR Inventory $5,800 CR Cash $5,800. In this context it is assumed that Anders company used credit instead of full immediate … how to sell my shares in zerodhaWeb17 de dez. de 2024 · On May 1, Shilling Company sold merchandise in the amount of $5,800 to Anders, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. - 14222315 how to sell my spermWebStudy with Quizlet and memorize flashcards containing terms like If a company failed to make the end-of-period adjustment to move the amount of management fees that were … how to sell my steam accountWeb2 de abr. de 2024 · Question. QUESTION 5 On May 1, Shilling Company, Inc. sold merchandise inthe amount of $5,800 to Anders, with credit terms of 2/10, n/30.The cost of the items sold is $4,000. Shilling uses the perpetualinventory system. The journal entry or entries that Shilling willmake on May 1 is: Accounts receivable 5,800 Sales 5,800 Cost … how to sell my shoes onlineWebThe cost of the merchandise was $650. May 4, we issued Empire a credit memo for $500 because of a slight defect in one of the items May 10, we received a check from Empire Company. Record the necessary journal entries. April 2, Sold merchandise on account to Brown Company for $18,900, 1/10, n/30. The cost of the merchandise sold was $13,300. how to sell my source codes for ethereum