On may 1 anders company purchased merchandise
Web11 de out. de 2024 · On may 1, anders company purchased merchandise in the amount of $5,800 from shilling, with credit terms of 2/10, n/30. anders uses the perpetual … WebA company reports net sales of $600,000, cost of goods sold of $200,000, and net income of $100,000. Its gross profit equals: $400,000. Net Sales- Cost of goods sold= gross …
On may 1 anders company purchased merchandise
Did you know?
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.
Web13 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 payment. Once the company pays off their credti within 10 days, a 10% discount entry will be entered. Web25 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 …
Web17 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 WebAnswers: 2 on a question: On may 1. anders company purchased merchandise in the amount of $5,800 from shilling, with credit terms of 2/10, n/30. anders uses the perpetual …
Web2 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 …
WebQuestion 1 Answer a. Cost of units available for sale for July 1,452, Purchases for July (1,042,100) Cost of inventory – July 1 410, 325. … how to sell monero for usdWebStudy with Quizlet and memorize flashcards containing terms like A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 … how to sell minecraft modsWebAccounting questions and answers. TB MC Qu. 04-111 (Static) On May 1, Anderson Company purchased... 17 On May 1 Anderson Company purchased merchandise in the amount of $5800 from Shilling, with credit term of 2/10,n/30 Anderson uses the perpetual inventory system and the gross method. The journal entry that Anderson will make on … how to sell military uniformsWeb13 de fev. de 2024 · Amount of merchandise purchased = $5,800. Credit terms = 2/10 and n/10. By using a perpetual system and gross method, Thus, the Journal entry will be as follows: On May 1, Merchandise inventory A/c Dr. $5,800 To accounts payable $5,800 (To record the purchase of merchandise on account at May 1) how to sell misc items onlineWebStudy 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 monster truck in gtaWeb18 de nov. de 2024 · On May 1, Anders Company will record the purchased merchandise in the amount of $5,800 from Shilling by debiting the inventory and crediting the accounts … how to sell mods in warframeWeb7 de abr. de 2024 · Question On May 1, Anders Company, Inc. purchersed merchandiso in the amount of $5,800 from shiling, with credit ... Courtland Company purchased merchandise from Cox Supply Company for $3,650 FOB shipping point with credit terms 2/10/n/30. Culver Freight Company charged $350 to deliver the merchandise, which … how to sell mobile game accounts