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Chapter 5 Homework x + 6 C' O i newconned.mheducation.com ,: Apps @ go f Nihad Elizade , like... 5 Proxy VlP ' gamestore 4} cs go (In) New Tab New Tab 5 Fortnite Accounts Cheap Shop Q MC I PRODUCT WEESlTES Chapter 5 Homework 0 Saved 19 Santa Fe Retailing purchased merchandise \"as is" (with no returns) from Mesa Wholesalers with credit terms of 3/10, n/60 and an invoice price of $24,000. The merchandise had cost Mesa $16,000. Assume that both buyer and seller use a periodic inventory system and the gross method. 10 1. Prepare entries that the buyer should record for {a} the purchase. (b) cash payment within the discount period, and (c) cash payment Win15 after the discount period. 2. Prepare entries that the seller should record for (a) the sale, (b) cash collection within the discount period, and (c) cash collection after the discount period. eBook Hint _ _ _ . Complete thls questlun by enterlng your answers In the tabs below. Print RETE rent 95 Required 1 Required 2 Prepare entries that the buyer should record for (a) the purchase, (b) cash payment within the discount period, and (c) cash payment after the discount period. View (lansadion Iisl Journal entry worksheet ( 1 2 3 > Record the purchase. Help Save 8. Exil Submit Chapter 5 Homework X CO newconnect.mheducation.com/flow/connect.html?returnUrl=https%3A%2F%2Fconnect.mheduc... Of K Paused : Apps go f Nihad Elizade - like.. Proxy VIP gamestore cs go New Tab F New Tab S Fortnite Accounts Cheap Shop MC PRODUCT WEBSITES 9 PUBG Deluxe Fortnite Chapter 5 Homework i Saved Help Save & Exit Submit Check my work 19 Required 1 Required 2 Prepare entries that the buyer should record for (a) the purchase, (b) cash payment within the discount period, and (c) cash payment after the discount period. 10 points View transaction list eBook Journal entry worksheet Hint Print 2 3 References Record the purchase. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal Mc Graw Hill ducation Type here to search P ^ - 0 ) ENG 7:42 AM 4/16/2020Chapter 5 Homework X CO newconnect.mheducation.com/flow/connect.html?returnUrl=https%3A%2F%2Fconnect.mheduc... Of K Paused : Apps go f Nihad Elizade - like.. Proxy VIP gamestore cs go New Tab F New Tab S Fortnite Accounts Cheap Shop MC PRODUCT WEBSITES 9 PUBG Deluxe Fortnite Chapter 5 Homework i Saved Help Save & Exit Submit Check my work 19 Required 1 Required 2 Prepare entries that the buyer should record for (a) the purchase, (b) cash payment within the discount period, and (c) cash payment after the discount period. 10 points View transaction list eBook Journal entry worksheet Hint Print Type here to search P - 0 ) ENG 7:43 AM 4/16/2020Chapter 5 Homework X CO newconnect.mheducation.com/flow/connect.html?returnUrl=https%3A%2F%2Fconnect.mheduc... Of K Paused : Apps go f Nihad Elizade - like.. Proxy VIP gamestore cs go New Tab F New Tab S Fortnite Accounts Cheap Shop MC PRODUCT WEBSITES 9 PUBG Deluxe Fortnite Chapter 5 Homework i Saved Help Save & Exit Submit Check my work 19 Required 1 Required 2 Prepare entries that the buyer should record for (a) the purchase, (b) cash payment within the discount period, and (c) cash payment after the discount period. 10 points View transaction list eBook Journal entry worksheet Hint Print ducation Type here to search P - 0 ) ENG 7:43 AM 4/16/2020Chapter 5 Homework X CO newconnect.mheducation.com/flow/connect.html?returnUrl=https%34%2F%2Fconnect.mheduc... Of K Paused : Apps go f Nihad Elizade - like.. Proxy VIP gamestore cs go New Tab F New Tab S Fortnite Accounts Cheap Shop MC PRODUCT WEBSITES 9 PUBG Deluxe Fortnite Chapter 5 Homework i Saved Help Save & Exit Submit Check my work 19 Required 1 Required 2 the discount period. Prepare entries that the seller should record for (a) the sale, (b) cash collection within the discount period, and (c) cash collection after 10 points View transaction list eBook Hint Journal entry worksheet Print 2 3 References Record the sale. Note: Enter debits before credits. Transaction General Journal Debit Credit a Mc Graw Hill Type here to search P ^ - 0 ) ENG 7:44 AM 4/16/2020Chapter 5 Homework X CO newconnect.mheducation.com/flow/connect.html?returnUrl=https%34%2F%2Fconnect.mheduc... Of K Paused : Apps go f Nihad Elizade - like.. Proxy VIP gamestore cs go New Tab F New Tab S Fortnite Accounts Cheap Shop MC PRODUCT WEBSITES 9 PUBG Deluxe Fortnite Chapter 5 Homework i Saved Help Save & Exit Submit Check my work 19 Required 1 Required 2 Prepare entries that the seller should record for (a) the sale, (b) cash collection within the discount period, and (c) cash collection after the discount period. 10 points View transaction list eBook Hint Journal entry worksheet Print Type here to search P ^ - 0 ) ENG 7:44 AM 4/16/2020Chapter 5 Homework X CO newconnect.mheducation.com/flow/connect.html?returnUrl=https%34%2F%2Fconnect.mheduc... Of K Paused : Apps go f Nihad Elizade - like.. Proxy VIP gamestore cs go New Tab F New Tab S Fortnite Accounts Cheap Shop MC PRODUCT WEBSITES 9 PUBG Deluxe Fortnite Chapter 5 Homework i Saved Help Save & Exit Submit Check my work 19 Required 1 Required 2 Prepare entries that the seller should record for (a) the sale, (b) cash collection within the discount period, and (c) cash collection after the discount period. 10 points View transaction list eBook Hint Journal entry worksheet Print Type here to search P ^ - 0 ) ENG 7:44 AM 4/16/2020Chapter 5 Homework X CO newconnect.mheducation.com/flow/connect.html?returnUrl=https%3A%2F%2Fconnect.mheduc... Of K Paused : Apps go f Nihad Elizade - like.. Proxy VIP gamestore cs go New Tab o F New Tab S Fortnite Accounts Cheap Shop MC PRODUCT WEBSITES 9 PUBG Deluxe Fortnite Chapter 5 Homework i Saved Help Save & Exit Submit Check my work 20 L'oreal reports the following income statement accounts for the year ended December 31, 2014 (euros in millions). 10 Net profit E 4,908.6 Income tax expense E 1, 111.0 points Finance costs 31.4 Profit before tax expense 6, 019.6 Net sales 22, 532.0 16, 031.3 Research and development expense 760.6 Gross profit 4, 821.1 Other income 2, 118.0 Selling, general and administrative expense Advertising and promotion expense 6, 558.9 eBook Cost of sales 6,500.7 Finance income 42.3 Print References Prepare the income statement for this company for the year ended December 31, 2014, following usual IFRS practices. (Enter your answers in millions. Round your answers to 1 decimal place.) L'oreal Income Statement (E millions) For Year Ended December 31, 2014 Mc Graw Hill ducation Type here to search P ^ - 0 ) ENG 7:45 AM 4/16/2020Chapter 5 Homework X CO newconnect.mheducation.com/flow/connect.html?returnUrl=https%34%2F%2Fconnect.mheduc... OF K Paused : Apps go f Nihad Elizade - like.. Proxy VIP gamestore cs go New Tab o F New Tab S Fortnite Accounts Cheap Shop MC PRODUCT WEBSITES 9 PUBG Deluxe Fortnite Chapter 5 Homework i Saved Help Save & Exit Submit Check my work 21 Chico Company allows its customers to return merchandise within 30 days of purchase. 10 . At December 31, 2017, the end of its first year of operations, Chico estimates future-period merchandise returns of $60,000 (cost of points $22,500) related to its 2017 sales. . On January 3, 2018, a customer returns merchandise with a selling price of $2,000 for a cash refund; the returned merchandise cost $750 and is returned to inventory as it is not defective. eBook Hint a. Prepare the December 31, 2017, year-end adjusting journal entry for estimated future sales returns and allowances (revenue side). Print b. Prepare the December 31, 2017, year-end adjusting journal entry for estimated future inventory returns and allowances (cost side). c. Prepare the January 3, 2018, journal entry(ies) to record the merchandise returned. References View transaction list Journal entry worksheet 2 3 4 Record the adjusting entry for estimated future sales returns and allowances (revenue side). Note: Enter debits before credits. Date General Journal Debit Credit Mc Graw Hill ducation Type here to search 9 P ^ - 0 ) ENG 7:45 AM 4/16/2020Chapter 5 Homework X CO newconnect.mheducation.com/flow/connect.html?returnUrl=https%3A%2F%2Fconnect.mheduc... OF K Paused : Apps go f Nihad Elizade - like.. Proxy VIP gamestore cs go New Tab F New Tab S Fortnite Accounts Cheap Shop MC PRODUCT WEBSITES 9 PUBG Deluxe Fortnite Chapter 5 Homework i Saved Help Save & Exit Submit Check my work 21 b. Prepare the December 31, 2017, year-end adjusting journal entry for estimated future inventory returns and allowances (cost side). c. Prepare the January 3, 2018, journal entry(ies) to record the merchandise returned. 10 View transaction list points Journal entry worksheet eBook Hint 2 3 Print Record the adjusting entry for estimated future sales returns and allowances References (revenue side). Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Mc Graw Hill ducation Type here to search 9 P ^ - 0 ) ENG 7:46 AM 4/16/2020Chapter 5 Homework X CO newconnect.mheducation.com/flow/connect.html?returnUrl=https%3A%2F%2Fconnect.mheduc... OF K Paused : Apps go f Nihad Elizade - like.. Proxy VIP gamestore cs go New Tab F New Tab S Fortnite Accounts Cheap Shop MC PRODUCT WEBSITES 9 PUBG Deluxe Fortnite Chapter 5 Homework i Saved Help Save & Exit Submit Check my work 21 b. Prepare the December 31, 2017, year-end adjusting journal entry for estimated future inventory returns and allowances (cost side). c. Prepare the January 3, 2018, journal entry(ies) to record the merchandise returned. 10 View transaction list points Journal entry worksheet eBook Hint ducation Type here to search 9 P ^ - 0 ) ENG 7:46 AM 4/16/2020Chapter 5 Homework X CO newconnect.mheducation.com/flow/connect.html?returnUrl=https%3A%2F%2Fconnect.mheduc... OF K Paused : Apps go f Nihad Elizade - like.. Proxy VIP gamestore cs go New Tab F New Tab S Fortnite Accounts Cheap Shop MC PRODUCT WEBSITES 9 PUBG Deluxe Fortnite Chapter 5 Homework i Saved Help Save & Exit Submit Check my work 21 b. Prepare the December 31, 2017, year-end adjusting journal entry for estimated future inventory returns and allowances (cost side). c. Prepare the January 3, 2018, journal entry(ies) to record the merchandise returned. 10 View transaction list points Journal entry worksheet eBook 2 Hint ducation Type here to search 9 P ^ - 0 ) ENG 7:46 AM 4/16/2020Chapter 5 Homework X CO newconnect.mheducation.com/flow/connect.html?returnUrl=https%3A%2F%2Fconnect.mheduc... OF K Paused : Apps go f Nihad Elizade - like.. Proxy VIP gamestore cs go New Tab F New Tab S Fortnite Accounts Cheap Shop MC PRODUCT WEBSITES 9 PUBG Deluxe Fortnite Chapter 5 Homework i Saved Help Save & Exit Submit Check my work 21 b. Prepare the December 31, 2017, year-end adjusting journal entry for estimated future inventory returns and allowances (cost side). c. Prepare the January 3, 2018, journal entry(ies) to record the merchandise returned. 10 View transaction list points Journal entry worksheet eBook Hint ducation Type here to search 9 P ^ - 0 ) ENG 7:46 AM 4/16/2020
