D Ebay G Google (DHP. See What's Hot -HP Games b Suggested Sites (2) DSuggested Sites (3)Articles: Eric Boli On August 1. our company purchases $1,000 worth of merchandise inventory on credit with the terms 2/10, n/30. What is the amount we would credit to cash if we pay this invoice on August 9? $1,000 S998 $990 s980 D Question 17 1 pts Our company purchases $4 0 0 worth of merchandise nventory on credit with the terms 1 n . Transportation costs were an adto a sa 0 returned $300 worth of merchandise. What is the total cost of this merchandise if our company paid the invoice within the discount period? compay $3.389 $3,789 $3,977 $4.365 1 pts Question 18 Our company uses a perpetual Inventory system. On buly 3, we sold merchandise with a cost of $3.300 for $6.600 to a customer on account were 2/10, n/30. What account and amount would we debit to record the sales revenue for this transaction? sales revenue $6,600 DQuestion 19 1 pts Our company uses a perpetual inventory system. On July 3, we sold merchandise with a cost of $3,000 for $6,500 to a customer on account. The terms of the sale were 2/10, n/30. What account and amount would we debit to record the cost of goods sold for this transaction? sales revenue, $6,500 inventory, $3.000 merchandise O cost of goods sold, $3.000 O accounts receivable, $6.500 1 p Question 20 Our company had the following balances and transactions during the current year related to merchandise inventory. Beginning merchandise inventory on January 1 120 units at $70 per unit Purchase on February 14 Sale on August 21 100 units at $85 per unit 120 units What would be the company's ending merchandise inventory in dollars on December 31 if the company used perpetual, last in, first out (LIFO) method? $9.900 0 $8,500 O $8.400 $7.000 Ebay G Google D HP- See What's Hot HP Games Suggested Sites (2) Suggested Sites 6) Art Our company had the following balances and transactions during the current year related to merchandise inventory Beginning merchandise inventory on January 1 120 units at $70 per unit Purchase on February 14 Sale on August 21 100 units at $85 per unit 120 units What would be the company's cost of goods sold in dollars on December 31 if the company used perpetual, last in,frst out (LIFC $9,900 $8,500 S8.400 $7,000 D : Question 22 Our company had the following balances and transactions during the current year related to merchandise inventory Beginning merchandise inventory on January 1 120 units at $70 per unit Purchase on February 14 Sale on August 21 What would be the company's ending merchandise inventory in dollars on December 33 i the company used perpetual, frse in, frst out Firo O $9.900 100 units at $85 per unit 120 units D Ebay G Google D HP - See What's Hot HP Games b Suggested Sites 2) b Suggested Sites (B)Artices: Eric Bolling Our company had the following balances and transactions during the current year related to merchandise inventory Beginning merchandise inventory on January 1 120 units at $70 per unit Purchase on February 14 Sale on August 21 What would be the company's cost of goods sold in dollars on December 31 if the company used perpetual, first in, first out (FIFO) 100 units at $85 per unit 120 units method? O $9,900 s8.500 $8,400 7,000 Question 24 1 pts Our company had the following balances and transactions during the current year related to merchandise inventory Beginning merchandise inventory on January 1 100 units at $75 per unit Purchase on February 14 100 units at $80 per unit Sale on August 21 150 units What would be the company's ending merchandise inventory in dollars on December 31 if the company used perpetual, weighted average (WA) costing method
