Hawkins Publishing Company acquired a new copying machine. The machine had a con- tract price of $6,000

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Hawkins Publishing Company acquired a new copying machine. The machine had a con- tract price of $6,000 and was purchased on terms of 2/10, n/30. The bill was paid within 10 days. The sales tax rate is 6% on the contract price. Delivery costs paid by the company were $200. Modifications to the room in which the copier was installed were $150, of which $20 was the result of damage caused by an accident. After a month of use, a service representative repaired damage caused by an employee unfamiliar with the machine, at a cost of $50.

Required: What is the cost of the copying machine? Justify any item(s) you did not include.

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Accounting Information For Business Decisions

ISBN: 9780030224294

1st Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley

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