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JEs for Jan 6 GBI received $59,465 in safety product inventory and $38,250 in raw materials from Dallas Basics. Was ordered on December 28. Payment terms are $97,715 are net 10 days. GBI paid the CWX shipping company $770 with manual check for the shipment. Jan 17 GBI paid an invoice from Lightbulb Accessory Kits for ordered goods that were received on December 20. The amount of the invoice from Lightbulb is $18,510 due net 30. Jan 17 The city of Denver will be hosting a decathlon at the end of February. The event is expected to create demand for high quality bikes. Rocky Mountain Bikes in Denver, CO placed an order with GBI for $135,650 worth of bicycles to be delivered immediately Rocky Mountain will pay the shipping. Bikes cost GBI $82,660. GBI is giving them special terms of net 45 days on this order. Jan 18 GBI received a $91.410 funds transfer from Silicon Valley Bikes in Palo Alto for the balance due on their acct. Jan 24 Beantown Bikes in Boston, MA placed an order with GBI for $28,550 in bicycles. The cost of the bicycles is $17,892, Beantown Bikes is a new customer. They must wait unteir credit can be approved or pay for the order before GBI will ship the bikes to them. Jan 26 GBI received notification from their bank that Beantown Bikes transferred the amount of their bicycle amount into GBI's account, so GBI's warehouse personnel shipped Beantown's order. Beantown will be responsible for paying FedEx $360 for shipping order.
Richardson Inc. issued 3,000 shares of $10 par value common stock at $15 per share for cash. What Account/s and Amounts would you CREDIT
Record the events under an accounting equation and after all events have been recorded, Lang's obligations to creditors represents what percent of total assets?
Fishbone Corporation bought a new machine and agreed to pay for it in equal annual installments of $4,570 at the end of each of the next 10 years. Assuming that a prevailing interest rate of 10% applies to this contract, how much should Fishbone r..
Classify each item as an operating, investing, or financing activity. Assume all items involve cash unless there is information to the contrary.
qasimi company which has only one product has provided the following data concerning its most recent month of
johnson company is preparing a cash budget for june. the company has 12000 cash at the beginning of june and
Explain the problem with authority and resoning
Review Whole Foods Market, Inc's 2010 Annual report, company information and investor information(see the link: Whole Foods Market, Inc. Investor Relations in the webilography) and write a 5-7 page paper following APA guidelines which addresses..
Prepare a brief report assessing the implications of the financial analysis ratios computed for Elisa County in P14- 3.
The chapter identifies nine factors that led to the "perfect fraud storm." Explain how these helped create and foster the ethical compromises that occurred between 2000 and 2002.
Included in the December 31, 2012, Jacobi Company balance sheet was the following shareholders' equity section:
department j had no work in process at the beginning of the period 18000 units were completed during the period 2000
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