User Account

All Pages

Prepare Alpha Company General Journal entry

Assignment Help Accounting Basics
Reference no: EM132276480

Question - If Alpha Company used the periodic inventory system for purchase & sales of merchandise. Discount terms for both purchase & sales are, FOB Destination, 2/10, n30 and the net method is used.

Alpha Company purchased on account $2,500 of merchandise from Bravo Company on May 2, 2016.

Alpha Company returned, to Bravo Company, $250 of this merchandise on May 3, 2016.

Freight charges related to this transaction of $150 were paid by Bravo Company.

Use this information to prepare Alpha Company's General Journal entry (without explanation) for the payment for merchandise on May 12.

Reference no: EM132276480

Questions Cloud

Compute the margin of safety in dollars : For Astoria Company, actual sales are $12,974,000, and break-even sales are $7,875,000. Compute the margin of safety in dollars
Compute the break-even point in units and dollars : Glacial Company estimates that variable costs will be 58.8% of sales, Compute the break-even point in (1) units and (2) dollars
What kind of research questions lead to qualitative approach : For this Discussion, review the case study entitled, "Social Work Research: Program Evaluation." Consider the kinds of questions that inform a qualitative.
How qualitative study contributes to social work practice : Consider how the qualitative study contributes to social work practice and how this type of knowledge would fit into building evidence-based practice.
Prepare Alpha Company General Journal entry : Use this information to prepare Alpha Company's General Journal entry (without explanation) for the payment for merchandise on May 12
Compute Hot Bread correct gross profit : Compute Hot Bread's correct gross profit if the company made either of the following independent accounting errors
Evaluate the financial performance of a company : Financial Analysis for Managers (ECM05EKM) - Middle East College - Evaluate the financial performance of a company listed in the Muscat Securities Market
Evaluate sociological and legal issues in healthcare : Evaluate sociological, ethical and legal issues in healthcare related to effective management of healthcare services and patient care strategies for terminal.
Prepare headland december adjusting entry : Headland Corporation issued $680,000 of 9% bonds on November 1, 2017, for $719,619. Prepare Headland's December 31, 2017, adjusting entry

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