User Account

All Pages

Prepare journal entries for pale force company

Assignment Help Managerial Accounting
Reference no: EM13526388

Presented below are selected transactions of Pale Force Company. Pale Force sells in large quantities to other companies and also sells its product in a small retail outlet.

March 1

Sold merchandise on account to CC Company for $3,000, terms 2/10, n/30.

3

CC Company returned merchandise worth $500 to Pale Force.

9

Pale Force collected the amount due from CC Company from the March 1 sale.

15

Pale Force sold merchandise for $400 in its retail outlet.The customer used his Pale Force credit card.

31

Pale Force added 1.5% monthly interest to the customer's credit card balance.

Instructions

Prepare journal entries for the transactions.

Reference no: EM13526388

Questions Cloud

Explain what are the concentrations of pb2+ and cu2+ : The initial concentrations of Pb2+ and Cu2+ are 5.20×10-2 M and 1.60 M, respectively. What are the concentrations of Pb2+ and Cu2+ when the cell potential falls to 0.370 V
Estimate the temperature change of the air in 2 h : Estimate the temperature change of the air in 2 h
Calculate how far does it move horizontally : A roller coaster travels at 98.9ft at an angle of 42.9 above the horizontal. How far does it move horizontally
What can be said about the trend of inventory prices : What can be said about the trend of inventory prices if cost of goods sold computed when inventory is valued using the FIFO method exceeds cost of goods sold when inventory is valued using the LIFO method?
Prepare journal entries for pale force company : Selected transactions of Pale Force Company. Pale Force sells in large quantities to other companies and also sells its product in a small retail outlet - Prepare journal entries for the transactions.
Define white precipitate that doesn''t dissolve in dilute hcl : An unknown liquid boiling around 185 +/_ 5 degrees C in 5% HCl and in a pH 5.5 buffer but is insoluble in water. Shaking the unknown with p-touluenesulfonyl chloride in aqueous NaOH produces a white precipitate that doesn't dissolve in dilute HCl...
How many moles of air are left in the tire : How many moles of air are left in the tire?
Compute the ratio of amine salt to dissolved amine : The basicity test differentiates aromatic and aliphatic amines based on their solubility in a pH 5.5 buffer. Given that Kb for aniline is 4.2 x 10^-10 and Kb for cyclohexylamine if 5.0x10^-4, calculate the ratio of amine salt to dissolved amine fo..
Level road in the positive direction of an x axis : A car travels at 80 km/h on a level road in the positive direction of an x axis

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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