Kern company sells merchandise on account for 6000 to block

Assignment Help Accounting Basics
Reference no: EM13597830

Kern Company sells merchandise on account for $6,000 to Block Company with credit terms of 2/10, n/30. Block Company returns $1,200 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check?

Reference no: EM13597830

Questions Cloud

How much revenue will drysdale recognize under the cash : drysdale company was established to manufacture conponents for the auto industry. the components are shipped the same
Janelle carter deposited 9750 in the bank on january 1 1993 : the following situations involve the application of the time value of money conceptjanelle carter deposited 9750 in the
Office supplies acount start this year with 4ooo : office supplies acount start this year with 4ooo balance.during 2008 company purchased supplies for 8400 which was
Wat would you do as controller for the firm do you have a : you are controller for an architectural firm whose accounting year ends on december 21. as par of the management team
Kern company sells merchandise on account for 6000 to block : kern company sells merchandise on account for 6000 to block company with credit terms of 210 n30. block company
Fogelberg company purchased equipment for 12000 sales tax : fogelberg company purchased equipment for 12000. sales tax on the purchase was 600. other costs incurred were freight
How does the fifo method differ from the average costing : how does the fifo method differ from the average costing method of process costing system? provide an example of fifo
Under the terms of the research and development agreement : direct drugs inc. is planning to acquire solvgen inc. solvgen or the company a publicly owned company during the fourth
Compute the flexible-budget variances for the following two : four flags is a retail department store. on january 1 2011 four flags accountants used the following data to develop

Reviews

Write a Review

Accounting Basics Questions & Answers

  In spetember aspen expects to produce 120000 widgets

aspen company produces widgets. auguest budgeted production costs are belowwidgets to be produced 100000direct material

  Medical instruments produces a variety of electronic

medical instruments produces a variety of electronic medical devices. medical instruments uses a standard cost system

  The new manager of the cpu assembly department was asked to

bell computers ltd. located in liverpool england assembles a standardized personal computer from parts it purchases

  Calculate the payback period for the proposed investment

Rieger International is attempting to evaluate the feasibility of investing $ 95,000 in a piece of equipment that has a 5- year life. The firm has estimated the cash inflows associated with the proposal as shown in the table at the right. The firm..

  During periods of increasing costs the use of the fifo

during periods of increasing costs the use of the fifo method of costing inventory will yield an inventory amount for

  Equivalent units for month for first department

Compute the equivalent units for the month for the first department. Determine the costs per equivalent unit for the month.

  Make the proper t-accounts and demostrate all balances and

directionsafter reading the scenario complete the task below the scenario.scenariojust4u company uses a job order cost

  In applying the treasury stock method of computing diluted

1. which of the following is not a component of net periodic pension cost?a. interest costb. actual return on plan

  The information below pertains to bullfinch co for 2013

the information below pertains to bullfinch co. for 2013. there were no changes during 2013 in the number of common

  Identify the type of fraud scheme described describe five

a teller at a savings and loan drive-through accepted a cash payment from customer 1 for an auto loan. the teller

  Cash basis taxpayers

On January 5, 2010, Jane purchased a bond paying interest at 6% for $30,000. On September 30, 2010, she gave the bond to Tim. The bond pays $1,800 interest on December 31. Jane and Tim are cash basis taxpayers. When Tim collects the interest in De..

  Synergy ltd purchased a building in 2008 for 20000000 and

synergy ltd. purchased a building in 2008 for 20000000 and as of december 31 2014 had recorded accumulated depreciation

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