Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The following transactions occurred between AcrePharmaceuticals and E & S, the pharmacy chain, during Octoberof the current year:
Oct 6 E & S purchased $12,000of merchandise from Acre on credit terms of 3/10, n/30,FOB shipping point. Seperately, E & S paid a $75 bill for freightin. These goods cost Acre $3,600.Oct 10 E & S returned $3,000 of themerchandise purchased on October 6. Acre accounted for thesales return and placed the goods back in inventory (Acre'scost, $1,200).Oct 15 E & S paid $6,000 of theinvoice amount owed to Acre for the October 6 purchase, less the discount.Oct 27 E & S paid the remaining accountowed to Acre for the October 6 purchase.
Requirements
1. Journalize thesetransactions on the books of E & S. 2. Journalizethese transactions on the books of Acre Pharmaceuticals.
Is the discount applied on bothentries?
The following checks were outstanding: no. 94, 121.16; No.96, 106.30; no. 99, 64.84. A deposit of 765.69 was not recorded on Donna's bank statement. Her checkbook shows a balance of 806.94. Prepare Donna's bank reconciliation.
ABC company pays a sales commission of 5% on each unit sold. If a graph is prepared with the vertical axis representing per-unit cost and the horizontal axis represented units sold how would a line that depicts sales commission be drawn?
a. compare and contrast the size of the potential payoff and risk involved in each of these alternatives. b. calculate the 3 month rate of return on both strategies assuming that at the option expiration date Brenners' stock price has 1. increased..
The actual cash received from cash sales was $11,279, and the amount indicated by the cash register total was $11,256.
In your own words, explain what the advantage is of analyzing a company's financial statements over a series of years rather than just for the current period?
SAC is considering the purchase of new equipment to manufacture specialty spark plugs. The new equipment would allow the firm to manufacture 100,000 additional spark plugs per year and is expected to have a useful life of 5 years and to have no sa..
How much will a firm need in cash flow before tax and interest to satisfy debtholders and equityholders if: the tax rate is 35%, there is $13 million in common stock requiring a 10% return, and $6 million in bonds requiring an 6% return?
Accrued rents on the apartment building are as follows" 70,000 (date of death) and 60,000 (six months later). In order to pay expenses, the executor of Arlene's estate sells the Tan stock for $600,000 eight months after her death.
1. Alpha Co. sold 10,000 shares of common stock, which has a par value of $10, for $13 per share. Their balance in retained earnings in $75,000. Prepare a stockholders' equity section of the company's balance sheet.
Swan Inc is an accural basis taxpayer. Swan uses the aging approach to calculate the reserve for bad debts. During 2010, the following occur associated with bad debts: What is the amount for bad debt expense?
Which of the following describes job order or process costing?
Determine sample size based on the following audit judgments.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd