Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 18-4 (Part Level Submission) accepting a note receivable cn January 2, 2017, The goeds have a sales price a n January 28, 2017, Danone

image text in transcribed

Exercise 18-4 (Part Level Submission) accepting a note receivable cn January 2, 2017, The goeds have a sales price a n January 28, 2017, Danone makes payment $659,900 (cost of $460,000). The terms are net receives a cash discount of $9.900. Past history Bramble Company sells goods to Danone Inc. indicates that the cash discount will be taken. If Danone pays within 5 days, however, Bramble for the full sales price (a) Prepare the journal entry(les) to record the sale and related cost of goods sold for Bramble Company on January 2, 2017, and the payment titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select January 28, 2017. Assume that Bramble Company records the January 2, 2017, transaction using the net method. (Credit account o entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Date Debit Credit To record sales o record cost of goods sold) o record payment received) SHOW LTST OF ACCOUNTS LINK TO TEXT By accessina this Ouestion Assistance, vou will learn while vou earn noints based on the Point Potential Policy set I your instructor Attempts: 0 of 3 used SUBMIT ANSVWER SAVE FOR LATER (b) The parts of this question must be completed in order. This part will be available when you complete the part above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

Human Resource Management

Authors: Robert L. Mathis, John H. Jackson

13th Edition

053845315X, 978-0538453158

More Books

Students also viewed these Accounting questions