On sep 21 fitch co sold 840 of merchandise on account

Reference no: EM13611442

On Sep 21, Fitch Co. sold $840 of merchandise on account toEaster Inc. The merchandise was sold on terms of FOB shippingpoint. The freight costs were $36 and were paid in cash byFitch Co. and billed to Easter Inc. on a separate invoice. The costof the merchandise to Fitch was $550.
Note: if needed, sales tax is 5%. However, sales tax isneither paid or collected on freight costs. Freight costswere paid on the date of this transaction.

Reference no: EM13611442

Questions Cloud

A pilot tube mounted on a aicraft flying at 2700 m : a pilot tube mounted on a aicraft flying at 2700 m measures a differential pressure of 30mmhg. assuming a standard

What is buoyant force acting on the cylinder in case the : when the cylinder is fully immersed does the buoyant force acting on it depend on how far below the surface of the

Why does the owners investment owners capital and : why does the owners investment owners capital and revenuesincrease owners equity while withdrawals and expenses

How many of the ten gang members would need to fail the : lie detectors are sometimes used in criminal investigations but they do not function perfectly. if a suspect is guilty

On sep 21 fitch co sold 840 of merchandise on account : on sep 21 fitch co. sold 840 of merchandise on account toeaster inc. the merchandise was sold on terms of fob

What is buoyant force acting on the cylinder in case the : when the cylinder is fully immersed does the buoyant force acting on it depend on how far below the surface of the

Negative opportunity costs can opportunity costs be : negative opportunity costs can opportunity costs be negative? give an example p 2-5 j.p. max department stores j.p. max

Josh has decided to incorporate his consulting practice : josh has decided to incorporate his consulting practice underthe name of josh consulting inc. on july 1 2008 he

If the distance between two charged particles is quadrupled : if the distance between two charged particles is quadrupled the magnitude of the electric force each exerts on the

User Account

All Pages