Question
2.Using the following facts to calculate the Current Ratio, and the Debt Ratio :Ending Total Assets = $705,000; Ending Total Liabilities = $360,000; Ending Current
2.Using the following facts to calculate the Current Ratio, and the Debt Ratio:Ending Total Assets = $705,000; Ending Total Liabilities = $360,000; Ending Current Assets = $295,000; and Long Term Liabilities = $210,000.
14.Do the accrued payroll journal entries for your company, that has a payroll expense of $460,000 every two weeks.Your pay dates are 12/24/20 and 1/7/21.Do the 12/31/20 journal entry, as well as the 1/7/21 journal entry.
9.Your company uses the "perpetual" method.
Your company purchased 500 items of inventory for $145,000 with the terms of 2/EOM, n/45 on 1/19/
Your company returned $30,000 of faulty inventory on 1/28/19.
Q.1Please provide the journal entries for the following facts:
Q2.please do the journal entry for your company selling 250 items of your inventory for $120,000 with the terms 1/10, n/30 on 2/10/19.Note that the "perpetual" and the "periodic" methods use the same account names when selling merchandise.
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