User Account

All Pages

Prepare journal entries for xyz gardening

Assignment Help Accounting Basics
Reference no: EM132042682

Question - XYZ Gardening Company had the following transactions:

Jan 1 Purchased merchandise on credit for $2,400.

Jan 7 purchased merchandise for cash for $4,200.

Jan 9 Sold merchandise costing $4,700 for $7,500 on credit.

(A) Prepare journal entries for XYZ Gardening assuming the Company uses the gross method when accounting for purchases and a perpetual inventory.

(B) Prepare journal entries for XYZ Gardening assuming the Company uses the gross method and a periodic inventory.

Reference no: EM132042682

Questions Cloud

Dramas view family relationship and structure : In the plays: The Cherry Orchard, Trifles, The Glass Menagerie, and Death of a Salesman, how do these dramas view family relationship and structure?
What are the elements of risk analysis : How is corporate IT governance different from the usual practice? What are the elements of risk analysis?
How do you develop a link of business intelligence : How do you develop a link of business intelligence and competitive strategies with corporate strategy?
Briefly discuss internal-external and environmental risks : Briefly discuss the internal, external, and environmental risks, which might be likely to affect the business and result in loss of the facility,
Prepare journal entries for xyz gardening : Prepare journal entries for XYZ Gardening assuming the Company uses the gross method when accounting for purchases and a perpetual inventory
Discuss about the delivery of a product or service : Providing a product or service is the first step in value delivery. One has to accomplish beneficial use of products and services to create value.
What is avicorp pre-tax cost of debt : what is its after-tax cost of debt? What is Avicorp's pre-tax cost of debt?
Development and behavior of children and adolescents : What is the role addiction may play in the development and behavior of children and adolescents? Is there any consequences
Prepare a year-end consolidated balance sheet : For each item, prepare the necessary intercompany elimination entry that is needed, if at all, in order to prepare a year-end consolidated balance sheet

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