Biloxi gifts uses a sales journal a purchases journal

Assignment Help Accounting Basics
Reference no: EM13904873

Biloxi Gifts uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal as illustrated in this chapter. Journalize its November transactions that should be recorded in the general journal. For those not recorded in the general journal, identify the special journal where each should be recorded. 

Nov. 2 The company purchased $ 2,600 of merchandise on credit from the Midland Co., terms 2/10, n/30. 

12 The owner, T. Biloxi, contributed an automobile worth $ 17,000 to the company. 

16 The company sold $ 1,200 of merchandise (cost is $ 800) on credit to K. Myer, terms n/30. 

19 K. Myer returned $ 175 of (worthless) merchandise to the company originally purchased on November 16 (assume the cost of this merchandise is left in cost of goods sold). 

Reference no: EM13904873

Questions Cloud

What are the categories of provocative agents : What are the categories of provocative agents
Do any of the above suspects seem to fit your profile : Consider the profile that you created. Upload a paper that answers the following questions: Do any of the above suspects seem to fit your profile? Why or why not? Of the 3 suspects offered above, which one do you judge to be the "best fit" for this c..
Impact of a price change is statistically significant : You begin analyzing the data and notice that age, race, and sex each have some missing entries. Under what conditions would this pose and not pose a problem for your estimation?
Provide estimation of performance and risk of your portfolio : Explain the reasons for investing in the specific assets and companies Provide argumentations about the weekly transactions. Provide an estimation of the performance and risk of your portfolio.
Biloxi gifts uses a sales journal a purchases journal : Biloxi Gifts uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal as illustrated in this chapter.
Write down the appropriate green function g(x, x'') : If the potential on the plane z = 0 is specific to be Φ= V inside a circle of a radius a centered at the origin, and Φ= 0 outside that circle, find an integral expression for the potential at the point P specified in terms of cylindrical coordinat..
Following is information from fredrickson company : Following is information from Fredrickson Company for its initial month of business.
What is omegas unlevered cost of capital : What is Omega's unlevered cost of capital? What is Omega's after-tax debt cost of capital? What is Omega's weighted average cost of capital?
What are the main drugs of abuse produced by cannabis plant : Criminal Investigation - What are the main drugs of abuse produced by the cannabis plant

Reviews

Write a Review

Accounting Basics Questions & Answers

  Harmon household products inc manufactures a number of

harmon household products inc. manufactures a number of consumer items for general household use. one of these products

  On june 30 2009 hardy corporation issued 10 million of its

on june 30 2009 hardy corporation issued 10 million of its 8 bonds for 9.2 million. the bonds were priced to yield 10

  Total expenses for january

Larken Company's records show the following for the month of January: Total expenses for January were:

  Complete the requirements for each of the following

complete the requirements for each of the following independent cases case a. dr pepper snapple group inc. is a leading

  Southern atlantic distributors began operations in january

southern atlantic distributors began operations in january 2013 and purchased a delivery truck for 20000. southern

  O january 1 2007 the company obtained a 1 million 5 year

on february 1 2007 the caper manufacturing co. began construction of a building to be used as corporate offices. the

  Toying with nature wants to take advantage of childrens

toying with nature wants to take advantage of childrens current fascination with dinosaurs by adding several

  Turner roth and lowe are partners who share

1.Turner, Roth, and Lowe are partners who share income and loss in a 1:4:5 ratio.

  Balance of retained earnings

On its 1999 balance sheet, Sherman Books showed a balance of retained earnings equal to $510 million. On its 2000 balance sheet, the balance of retained earnings was also equal to $510 million. Which of the following statements is most correct? Sh..

  Zytel corporation produces cleaning compounds and solutions

zytel corporation produces cleaning compounds and solutions for industrial and household use. while most of its

  Accola company uses activity-based costing the company has

accola company uses activity-based costing. the company has two products a and b. the annual production and sales of

  Compute the eoq average inventory orders per year average

for supply item abc andrews company has been ordering 125 units based on the recommendation of the salesperson who

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!

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