Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 19, 2024

ABC company sells $200,000 of merchandise to XYZ company on 5 th March 2023 terms are 2/10 Net 30 This merchandise cost ABC $80,000 and

ABC company sells $200,000 of merchandise to XYZ company on 5 th March 2023 terms are 2/10 Net 30 This merchandise cost ABC $80,000 and XYZ pays on 22 nd March 2023. What journal entries are on 5th March 2023 and 22 nd March 2023

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Tracking Your Trek Looking Backward To Determine Your Forward

Authors: Erica Pauly

1st Edition

979-8839157330

More Books

Students also viewed these Accounting questions

Question

Writing: Using Plain Language; Communication Ethics: Making Ethical Choices [LO-3] , Chapter 1 Your company has been a major employer in the local community for years, but shift s in the global...

Answered: 1 week ago

Question

★★★★★

The board of trustees for Allen University would like to measure the performance of the university. Refer to Illustrations 157, 158, and 159 for assistance in calculating the CFI. The ratio scales...

Answered: 1 week ago

Question

★★★★★

ABC company sells $200,000 of merchandise to XYZ company on 5 th March 2023 terms are 2/10 Net 30 This merchandise cost ABC $80,000 and XYZ pays on 22 nd March 2023. What journal entries are on 5th...

Answered: 1 week ago

Question

★★★★★

Modent 10 . A) 584,877.02 8) $51,695.15 C) $55,429,08 D) 546.388 .78 1.7553,566.67 Q24, P4-4-45 (10 points): Wood Refinishers currently has $298,900 in lales and bs operating at 86 percent of the...

Answered: 1 week ago

Question

★★★★★

Indicate whether each of the following expenditure items should be classified as a function (F), organization unit (OU), activity (A), character (C), or object (O). Answer is complete and correct....

Answered: 1 week ago

Question

★★★★★

You recently attended an industry conference. While there, you met up with a friend Roni, who works for a competitor. During a break, Roni implies that if you could get your company to charge for a...

Answered: 1 week ago

Question

★★★★★

Consider a firm with an EBITDA of $1,100,000 and an EBIT of $1,000,000. The firm finances its assets with $4,550,000 debt (costing 8.3 percent, all of which is tax deductible) and 203,000 shares of...

Answered: 1 week ago

Question

★★★★★

Control: On a monthly basis, the financial analyst performs the reconciliation of the AR subledger system to the general ledger. All reconciling items in excess of US$15,000 are investigated and...

Answered: 1 week ago

Question

★★★★★

TB Problem Qu. 9-402 (Static) Hislop Tech is a for-profit vocational... Hislop Tech is a for-profit vocational school. The school bases its budgets on two measures of activity (i.e., cost drivers),...

Answered: 1 week ago

Question

★★★★★

appreciate the importance of communication and consultation in the employment relations arena

Answered: 1 week ago

Question

★★★★★

5. When managing the workforce of the future what future uses of IT are envisaged?

Answered: 1 week ago

Question

★★★★★

explain what is meant by the terms unitarism and pluralism

Answered: 1 week ago

Previous Question Next Question