2.

On June 1, Able Company sold merchandise in the amount of $6,000 to Maya's, with credit terms of 2/10, n/30. The cost of the items sold is $5,000. Able uses the perpetual inventory system. The journal entry or entries that Able will make on June 1 is:

2a. June 9th entry when Maya pays for her merchandise

2b. If June 9th never happened, and Maya paid on June 20th, What is the journal entry?

3. The Doggie Company has 10 employees who earn a total of $2,000 in salaries each working day. they are paid each Monday for their work in the five-day workweek ending on the previous Friday. Assume that December 31, 2018 is a Tuesday and all 10 employees worked the first two days of that week. Becuase New Year's Day is a pdi holdiay, they will be paid salaries for five full days on Monday, January 6, 2019. Please write the journal entry to accrue for the 2018 December wages.

4.

Fido Company had sales of $200,000, sales discounts of $5,000, and sales returns of $4,800. Fido Company's net sales equals