+1-415-670-9189
info@expertsmind.com
Prepare the journal enrty to record the sales
Course:- Finance Basics
Reference No.:- EM13298436





Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Finance Basics

Your company had a special sales for september. You allowed the customers to pay 1/2 immediately and 1/2 at the end of year two. The customers paid their initial payment in cash. Credit cards are the same as cash. Your company earns 6% on it's assets. The company had $660,000 of promotional sales in september. Prepare the journal enrty to record the sales.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Finance Basics) Materials
Using a 5% discount rate, calculate the Net Present Value, Payback, Profitability Index, and IRR for each of the investment projects below (note, the inflows are for each ye
Zippy Corporation just purchased computing equipment for $28,000. The equipment will be depreciated using a five-year MACRS depreciation schedule. If the equipment is sold a
Students will write one approved short paper to post by 9:00 a.m. Eastern Coast Time on Monday of their assigned session in our online class conference area.  During the week
Create a X-Y scatter plot of your data, with the return on the stock as the vertical axis and the return on the market as the horizontal axis. Name this chart as SCATTER in
Suppose today is the last day of March 2023 and you are a trader at wallstreet bond trading firm. you trade in a bond called A that matures in April 2026 with a face valu
Given the following assumptions (principal = $350, APR compounded monthly = 6.50%, monthly payment = $40), calculate the percentage of your final balance after 36 months that
Discuss average returns, arithmetic vs. geometric averages, and risk premiums. How could the average investor benefit by knowing these concepts in order to assume the lea
The Ashwood Company has a long-term debt ratio of 0.45 and a current ratio of 1.25. Current liabilities are $875, sales are $5,780, profit margin is 9.5 percent, and ROE is