On march 15th monroe sales sells 952500 on account to

Assignment Help Accounting Basics
Reference no: EM13579343

On March 15th Monroe Sales sells $9,525.00 on account to Garrison Brewer with terms of 2/10, n/30. The cost of merchandise sold was $6,905.00.
(a) Journalize the sale and the recognition of the cost of the sale.

(b) On March 20th a $125.00 credit memo is given to Garrison Brewer due to merchandise that was the wrong color. Journalize this event. The cost of the returned merchandise was $65.

(c) On March 25th Garrison Brewer submits payment in full. Journalize this event.

Reference no: EM13579343

Questions Cloud

Dividends on common stock during year 2 totaled 40 thousand : hartzog corporations most recent balance sheet and income statement appear belowstatement of financial position
The magnitude of operating leverage for perkins corp is 34 : the magnitude of operating leverage for perkins corp. is 3.4 when sales increase by 10 percent. what is the impact on
On march 25 2014 patton company sold merchandise on : on march 25 2014 patton company sold merchandise on account10000. the applicable sales tax percentage is 8.5. record
A simple random sample of size 1000 is taken of this city : the city of lewisville has 65246 adults of which 33064 are men. a simple random sample of size 1000 is taken of this
On march 15th monroe sales sells 952500 on account to : on march 15th monroe sales sells 9525.00 on account to garrison brewer with terms of 210 n30. the cost of merchandise
At an activity level of 8700 machine-hours in a month : at an activity level of 8700 machine-hours in a month nooner corporations total variable production engineering cost is
At a sales volume of 32500 units thoma corporations sales : at a sales volume of 32500 units thoma corporations sales commissions a cost that is variable with respect to sales
Straightforward net present value and internal rate of : straightforward net present value and internal rate of return the city of bedford is studying a 600-acre site on route
Determine the equivalent units of production and the unit : problem 21-4a estrella company has several processing departments. costs charged to the assembly department for

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.

  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!

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