User Account

All Pages

Discuss the amount due within the discount period

Assignment Help Accounting Basics
Reference no: EM131745926

This is purchase related transactions.

Warwick's Co., a women's clothing store, purchased $75,000 of merchandise from a supplier on account, terms FOB destination 2/10, n/30.

Warwick's returned $9,000 of the merchandise receiving a credit memo and then paid the amount due within the discount period. journalize Warwick's entries to record a)the purchase b) the merchandise return c) the payment.

Reference no: EM131745926

Questions Cloud

Specific reasons leaders need to be aware of mental models : What are some specific reasons leaders need to be aware of their mental models?
Clausen revised several estimates related to this machine : Clausen revised several estimates related to this machine. It determined the new total life of the machine to be 8 years and the revised salvage
Considered by top management at littleby : What factors weren’t considered by top management at Littleby and GBI that helped create the problem?
What are the ethical considerations of the given issue : What are the ethical considerations of this issue? What are the legal considerations of this issue? What ethical concepts and principles apply to this issue?
Discuss the amount due within the discount period : Warwick's returned $9,000 of the merchandise receiving a credit memo and then paid the amount due within the discount period
Discuss about the journal of forensic identification : A person who has not read (or seen) the item should be able to decide from what you have written whether or not he/she wants to read the article.
Which sample should have the smaller margin of error : Populations sampled and margins of error. Consider the following two scenarios. Which sample should have the smaller margin of error? Explain your answer
Critically reflect on importance of present and future value : Critically reflect on the importance of present and future values - What factors must be considered when calculating present and future values
Outstanding accounts receivable balance of a customer : Record the receipt of a note on November 1 for $10,200 to settle an outstanding accounts receivable balance of a customer

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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