What the journal entry Saturn would write on January

Assignment Help Accounting Basics

Reference no: EM132751438

Question - On January 15th, Saturn Company makes a $10,000 sale on account with terms of 2/10, n/30. The cost of the inventory sold was $6,700. On January 25th, Saturn received a check for payment of the items sold on January 15th. Saturn uses the perpetual inventory system. What the journal entry Saturn would write on January 25th?

Reference no: EM132751438

Questions Cloud

What representing total production for the current period is : What representing total production for the current period, is? If the expected sales volume for the current period is 7,000 units.

Briefly describe the quantitative study you selected : Review the article, "From Single Case to Database: A New Method for Enhancing Psychotherapy Practice." Pay particular attention to how both quantitative.

Compute factory overhead that blackwelder factory allocate : Find the factory overhead that Blackwelder Factory will allocate to desk lamp production if actual direct labor hours for the period for desk lamps is 188,000

Identifying and adapting to cultural differences : Discuss the importance of identifying and adapting to cultural differences.

What the journal entry Saturn would write on January : On January 15th, Saturn Company makes a $10,000 sale on account with terms of 2/10, n/30. What the journal entry Saturn would write on January

Find how will make a income statement for march just down : Hat store returned 3 damaged hats, related to 3/1 purchase and received a $200 credit. How will make a Income statement for March just down to the Gross Profit?

Describe forensic risk assessment instruments : Describe two forensic risk assessment instruments that may be used by the forensic professional when assessing the school shooter for competency to stand trial.

Find the number of runs per year : The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 5,000 per day. Find the number of runs per year

Rapid identification of the cause of symptoms : On examination she was alert and oriented and complained of a fever, terrible headache, and stiff neck.

User Account

All Pages