Record the following transactions of Alenikov Design Warehouse: DATE TRANSACTIONS 2016 March 8 Purchased merchandise on credit
Question:
DATE TRANSACTIONS
2016
March 8 Purchased merchandise on credit from Lovely Accessories, Invoice 1091, list price $5,000, trade discounts of 30% and 20%; terms 3/10, n/30.
17 Paid the amount owed on the purchase of March 8 from Lovely Accessories, less the 3 percent discount, Check 185.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
GENERAL JOURNAL PAGE DATE DESCRIPTION Post Ref DEBIT CREDIT 2016 March 8 Pu...View the full answer
Answered By
Hemstone Ouma
"Hi there! My name is Hemstone Ouma and I am a computer scientist with a strong background in hands-on experience skills such as programming, sofware development and testing to name just a few. I have a degree in computer science from Dedan Kimathi University of Technology and a Masters degree from the University of Nairobi in Business Education. I have spent the past 6 years working in the field, gaining a wide range of skills and knowledge. In my current role as a programmer, I have had the opportunity to work on a variety of projects and have developed a strong understanding of several programming languages such as python, java, C++, C# and Javascript.
In addition to my professional experience, I also have a passion for teaching and helping others to learn. I have experience as a tutor, both in a formal setting and on a one-on-one basis, and have a proven track record of helping students to succeed. I believe that with the right guidance and support, anyone can learn and excel in computer science.
I am excited to bring my skills and experience to a new opportunity and am always looking for ways to make an impact and grow as a professional. I am confident that my hands-on experience as a computer scientist and tutor make me a strong candidate for any role and I am excited to see where my career will take me next.
5.00+
8+ Reviews
23+ Question Solved
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
Question Posted:
Students also viewed these Accounting questions
-
Record the following transactions of J. Min Designs in a general journal: DATE TRANSACTIONS 2016 April 1 Purchased merchandise on credit from ORourke Fabricators, Invoice 885, $3,000, terms 1/10,...
-
Record the following transactions of Duong Designs in a general journal: DATE TRANSACTIONS 2013 April 1 Purchased merchandise on credit from D'Rourke Fabricators, Invoice 885, $1,000, terms 2/10,...
-
Record the following transactions of J. Min Designs in a general journal. The company uses the perpetual inventory system. DATE TRANSACTIONS 2019 April 1 Purchased merchandise on credit from O'Rourke...
-
Provide an detailed overview on the topic indirect pay/benefits. Use the information given: Indirect Pay: any type of employer-provided reward (or "benefit") that serves an employee need but is not...
-
The Electronic Journal of Biotechnology (Dec. 15, 2003) published an article on a comparison of two yeast extracts-baker's yeast and brewer's yeast. Brewer's yeast is a surplus by-product obtained...
-
What is a fixed-income security? The next three questions are based on the following table, where the interest rate is 4 percent per year, compounded once a year.
-
Does charting help investors? Some investors believe that charts of past trends in the prices of securities can help predict future prices. Most economists disagree. In an experiment to examine the...
-
Consider each of the following independent situations: a. A computer service agreement in which a company pays $150 per month and $15 per hour of technical time. b. Fuel cost of the companys fleet of...
-
1 Required: Record the following transactions on the books of Hope Hospital, which follows FASB (not-for-profit) and AICPA standards. The year is 2020. (If no entry is required for a...
-
For many years, Thomson Company manufactured a single product called LEC 40. Then three years ago, the company automated a portion of its plant and at the same time introduced a second product called...
-
Record the following transactions of Fronkes Fashions in a general journal: DATE TRANSACTIONS 2016 April 1 Purchased merchandise for cash, $1,310. 2 Returned merchandise for cash purchased on April...
-
Brown Company (buyer) and Schmidt, Inc. (seller) engaged in the following transactions during February 2016: Brown Company DATE TRANSACTIONS 2016 Feb. 10 Purchased merchandise for $3,000 from...
-
Blackfeather Tours sells scuba diving and kayaking excursions, along with a number of unique sightseeing packages. The company requires a 50% payment from the customer at the time of booking. The...
-
Which industries gain and which industries lose from the availability of cheap natural gas produced from shale deposits? Joseph Schumpeter, an Austrian-born economist who emigrated to the United...
-
Did the value of the Canadian dollar rise or fall between Tuesday and Wednesday?
-
As vice president for community relations, you want to explore the possibility of developing service learning programs with several nearby colleges and universities. Using Figure 2.5, suggest the...
-
Your organization initiated a project to raise money for an important charity. Assume that there are 1,000 people in your organization. Also, assume that you have six months to raise as much money as...
-
A \(20-\mathrm{cm}\)-long rod, with uniform linear charge density \(100 \mathrm{nC} / \mathrm{cm}\), is set up symmetrically on the \(x\) axis. What are the magnitude and direction of the electric...
-
Using the structure for calculating LiS. corporate taxes for foreign-sourced income shown in Exhibit 17.3, assume a foreign subsidiary has \(\$ 2,750,000\) in gross carnings, LiS , and forcign...
-
Avatar Financials, Inc., located on Madison Avenue, New York City, is a company that provides financial advice to individuals and small- to mid-sized businesses. Its primary operations are in wealth...
-
Review the OIGs current work plan and determine actions the organization can take to minimize governmental penalties.
-
Southern Gift Shop, a retail business, started business on April 29, 2013. It keeps a $300 change fund in its cash register. The cash receipts for the period from April 29 to April 30, 2013, are...
-
On January 2, West minister Legal Clinic issued Check 2108 for $350 to establish a petty cash fund. Indicate how this transaction would be recorded in a general journal. Use 1 as the journal page...
-
On January 31, Chloe Inc. issued Check 3159 to replenish its petty cash fund. An analysis of payments from the fund showed these totals: Supplies, $4800; Delivery Expense, $8900; and Miscellaneous...
-
Fig 1. Rolling a 4 on a D4 A four sided die (D4), shaped like a pyramid (or tetrahedron), has 4 flat surfaces opposite four corner points. A number (1, 2, 3, or 4) appears close to the edge of each...
-
I just need help with question #4 please! Thank you! Windsor Manufacturing uses MRP to schedule its production. Below is the Bill of Material (BOM) for Product A. The quantity needed of the part...
-
(25) Suppose that we have an economy consisting of two farmers, Cornelius and Wheaton, who unsurprisingly farm corn c and wheat w, respectively. Assume that both farmers produce their crop of choice...
Study smarter with the SolutionInn App