User Account

All Pages

Journalize saddlebag coporation and bioscan corporation

Assignment Help Accounting Basics
Reference no: EM131122547

1. Saddlebag Co. sold merchandise to Bioscan Co. on account, $17,500, terms FOB shipping point, 2/10, n/30. The cost of the merchandise sold is $10,000. Saddlebag Co. paid freight of $600 and later received the amount due within the discount period. Journalize Saddlebag Co.'s and Bioscan Co.'s entries for the payment of the amount due.

Reference no: EM131122547

Questions Cloud

What types of scheduling decisions is management : What types of scheduling decisions is management likely to encounter in the following operations? Describe the scheduling decisions in terms of the types of resources to be scheduled and the associated customers or jobs scheduled.
Need-satisfaction approach to motivation : Explain the difference between the need-satisfaction approach to motivation vs. Goal Theory. Which of the two do you believe to be the most effective with regards to motivating employees for a Retail Store, and for a Manufacturing Plan.
Illustrate how changes in these public health systems : Analyze the inter-relationships among systems that influence the quality of life of people in their communities and illustrate how changes in these public health systems (including input, processes, and output) can be measured.
Find a forrward path whose expected length is given : Consider a vehicle routing/shortest path-like problem where a vehicle wants to go on a forward path from an origin node 1 to a destination node t in a graph that has no forward cycles.
Journalize saddlebag coporation and bioscan corporation : Saddlebag Co. sold merchandise to Bioscan Co. on account, $17,500, terms FOB shipping point, 2/10, n/30. The cost of the merchandise sold is $10,000.
Take some time to think about the products or services : Take some time to think about the products or services you use on a regular basis. For example, what kind of car do you drive, cell phone do you own, music you listen to, brands of food you eat, places you socialize, decoration choices you make for y..
Explain the implications for social work practice : Explain how a marginalized group may identify and adopt the norms of a dominant group. Finally, explain the implications for social work practice.
Ethical constraints are appropriate to put on advertisers : The goal of advertising may be seen as creating the compulsion to purchase a product. Is this a problem that should somehow be controlled/regulated? Or, rather, is the company simply offering information to the consumer so that they can freely choose..
What are the company short-term and long-term goals : Implementation Plan: Part 1 During Unit IV, VI, and VIII, you will be working on an implementation plan for a business. The components within these three units combined will create this plan. What does the strategy , mission, and organizational struc..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Overview of direct and indirect methods

Evaluate the comments that follow as being True or False. If the comment is false, briefly explain why.

  Madison corporation reported taxable income of 400000 in

madison corporation reported taxable income of 400000 in 20x3 and accrued federal income taxes of 136000. included in

  How to write-off of uncollectible accounts at end of year

Morrison Company had credit sales of $2,500,000 during the year, its first year of business. Morrison has estimated that $50,000 of these sales on account will ultimately be uncollectible.

  Company repayment and coupons

In 30 years, what will your company's repayment be if you issue the coupon bonds? What if you issue the zeroes?

  Appropriate adjusting journal entry basics

Bee-In-The-Bonnet Company purchased office supplies costing $6,000 and debited Office Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $2,400 still on hand. The appropriate adjusting j..

  Given that there at a minimum two ways to calculate the

given that there at a minimum two ways to calculate the time value of money - present value and future value would it

  Many organizations have been in the news over the past few

many organizations have been in the news over the past few years due to accounting ethical breaches that have affected

  The management of rousseau corporation is considering the

the management of rousseau corporation is considering the purchase of a machine that would cost 340000 would last for 8

  What is its earnings per share

Offshore Ale Company has earnings available to common stockholders of $2 million and has 500,000 shares of common stock outstanding. What is its earnings per share (EPS)?

  What would be the most significant problem with using

Suppose that a large company uses batch processing for recording its inventory purchases. Other than its slow response time, what would be the most significant problem with using a batch processing system for recording inventory purchases?

  Common fixed cost

company sold 35,000 units in the East region and 10,000 units in the West region. It determined that $240,000 of its fixed selling and administrative expenses is traceable to the West region, $190,000 is traceable to the East region, and the remainin..

  As the rate of innovation increases

As the rate of innovation increases, companies face expanding product/service lines, shorter product and service lifecycles, and more frequent product/service transitions. All of these can bring tremendous value but also pose enormous challenges a..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd